First Time Investor - Charlotte NC Market Research

[Andrew Northcutt]

Hi everyone, 

I am in the process of digging into the Charlotte, NC region for a buy and hold investment property, and I'm looking for someone to help point me in the right direction. 

For some context, I will likely be pursuing SFH in the 200-350K range looking for primarily cash flow potential with hopefully rent growth over time and then appreciation as a secondary consideration. Using list source, I have identified zip codes with the highest amount of activity in the past year. However, many of these are not in the "better" neighborhoods of Charlotte and I'm able to find some (albeit only a few) in those neighborhoods that are in my expected price range. Obviously, some deals appear to better than others.

How should I think about balancing the high activity areas vs better neighborhoods? Should I just focus more on the individual deals rather than being in the best area?

[Angie Castro]

Hello Andrew, 

I would love to help you with your search! I'm a local investor and Real estate agent. To respond your question I would say it all depends on what is more important to you. Is it appreciation or cash flow? If you are looking for cash flow then is all about analyzing the deal but if you are hoping for higher appreciation then that is usually in the areas with less cash flow as more buyers are looking in that area. 

Let's Connect! I would love to help you with your investment goals.