Charlotte NC SFH Investing

[Thomas Hoyla]

Been very bullish on the Charlotte NC market, and am likely looking to move there in the next few years. If you invest in Charlotte, what areas are you most targeted on. For the most part, the safer areas near downtown are extremely expensive from a rental stand point, but suburbs such as Belmont, Mount Holly, Pineville, Mathews, and Concord have much more attractive prices. What are some strengths and weaknesses in these areas. First deal there will more than likely be financed owner occupied so I can take advantage of low down payment, but move out and rent after a year.

[Jim Kalish]

@Thomas Hoyla I'm pretty biased since I've lived on Matthews for 20 years. Housing prices are reasonable. 2400 SQ feet 4/2-1/2 will be under 400 on a lot of areas. Commutes to uptown aren't too bad because you have several options. Coming in from the north (Concord) or west (Belmont) can be good or a nightmare. 85 and 77 can turn into a parking lot in a heart beat. Matthews uptown area is quickly becoming a great spot to eat and enjoy the nightlife. A lot of money has been spent on restraints and bars. But the other towns you mentioned are very friendly and reasonable as well.