Starting out - New Investor

[Joel Berry II]

Hello! I am a new real estate investor in the Charlotte area. I am interested in buy-and-hold single-family homes, potentially multi-family if it is a good deal, and I am looking to implement the BRRRR strategy. My hopes for this post is to connect with anyone in the Charlotte area or areas surrounding Charlotte who are doing it themselves to gain more knowledge and understanding of this strategy.

I am looking forward to connecting! 

[Brad Roche]

Welcome to BP Joel!

Great decision to start investing in the Charlotte area! With the higher rates- Long-Term Rentals are a little tougher to cash flow in this market but the Charlotte area appreciation is some of the best in the country! 

Id recommend looking into the Middle-Term Rental Market for Traveling Nurses, people moving to the area looking for a place to live between houses, remote workers. A lot of them are still cash flowing with the higher rates! Relatively newer type of rental in the Charlotte area.

I'm over in the Davidson area- would love to connect if you have anymore questions on investing or on the lending side