Finding Deals Below Market Value

[Logan Matlock]

Hey all,

New investor looking to get my feet wet in the Charlotte Market. Down payment ready and loaded. 

I'm cautious when analyzing deals - I've heard the 1% rule, 7% CoC return, and just spoke to a trusted friend who advised me to think primarily about finding deals below market value.

My question - which of these do you follow most? When finding deals below market value, is it best to just call as many wholesalers as possible? Do you have any other tips on deal analysis for a beginner? 

Thanks all - and looking forward to participating more!

Logan 

[Laura Shinkle]

@Logan Matlock What are you investing in? LTR, STR, MTR, flips, househacking? There's so many different ways to invest and everyone will give you a different answer on ROI (return on investment) criteria or what THEY use.

Go back to the most basic question. What is your goal? Are you looking for cash flow? Are you trying to quit your day job or just have an investment on the side? Are you trying to reduce your monthly expenses? 

Start there, have a clear vision on what you're trying to accomplish, and then see if Charlotte is a market where you can achieve that.