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Updated over 3 years ago on . Most recent reply

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9
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Russell Wilson
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9
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Gastonia market for rentals

Russell Wilson
Posted

How is the Gastonia market for buy and hold or BRRR deals? Are there particular areas better than others?

Thanks!

Most Popular Reply

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42
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Pieter T Van Zyl
  • Rental Property Investor
  • Charlotte, NC
25
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42
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Pieter T Van Zyl
  • Rental Property Investor
  • Charlotte, NC
Replied

@Matthew Anderson Yes I am still finding homes with good rent/price ratios but have not spent much time working with flips as I would have liked to. My current live in house-hack I purchased for 190k last year has a mortgage for 1150$ and I will be moving out a renting soon at 1450-1600 according to my realtor and property management! 

I have not worked with any property managers in Charlotte so I may have a biased opinion based on the Gastonia vs Charlotte realtors I have worked with. I found that realtors from Charlotte like to move quicker and don't have the same patience to work with investors than the Gastonia Realtors. I imagine with the hotter CLT market this may be the case for the property managers but could not say for sure. For example I have specific criteria for my drips and houses I want sent to me, it seemed that the Gastonia Realtors were more friendly with this. 

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