North Carolina Rental Property in Charlotte

[Jay Banerjee]

Investment Info:

Single-family residence other investment.

Rental Home in NC.

What made you interested in investing in this type of deal?

This was a cash flow property.

How did you find this deal and how did you negotiate it?

Brought with traditional loan, turned this into a rental

How did you finance this deal?

Traditional loan - 30 years fixed.

How did you add value to the deal?

Did minor upgrades and rented this out.

What was the outcome?

Rental covers the mortgage and provides positive cashflow.

Lessons learned? Challenges?

Repeat this type of deals.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Wells Fargo was my lender - they were easy to work with.

[Maggie Blackburn]

Hi Jay! I'm a new investor, originally from CA and now living in NYC and looking to purchase my first SFH in Charlotte. Where was this first property? And what was your CoC and ROI? Neighborhoods I'm looking into are Mathews, Monroe, Mint Hill, Indian Trail, and Belmont. Would love any tips!