All Forum Posts by: Angie Castro

We just did an Airbnb in Orlando (I'm located in Charlotte) it has been a struggle to oversee any of it. Specially the renovations! We bought the property off-market so it needed some work and it's been difficult to oversee contractors from far away. When we went to the property the brand new tiles were scratched, the lighting fixtures were installed wrong, they painted the windows....

So maybe if you are going to invest out of state get a move-in ready property!

What are your thoughts about investing in the west side (zip code: 28208) of charlotte? A lot of my clients are interested about investing in the area but they keep shying away for safety reasons. Do you have any rentals in the area? 

If you are going to rent by the room I HIGHLY suggest getting a Keypad entry secure lock for each room. Save the headache of becoming an arbitrary in their fights plus minimize the liability.

Hey Noah, I would recommend reaching out to a local property management company to get an idea of how much your property could rent for and the services they offer. Local property managers are much more accurate than any online software.

Hey @Viraj P.! I highly recommend @Maranda Tucker she is great and also a part of the Bigger Pockets community!

 There is transactional funding. It's quite common here in NC. I meant hard money lending from the buyer side not the wholesaler. The buyer could have backed out because the deal didn't make sense with the hard money lending criteria changing so quickly.

As an investor focused agent that works with tons of wholesalers I would not advise retaliation. A wholesale deal usually gets funded through hard money lending. Due to the volatility in the market hard money lenders are changing their lending criteria. Closing time has jumped up from 5-15 days to 30+ days. Interest rates are spiking. Hard money lending is drying up. A lot of end buyers have been backing up out of deals. Next time ask for a non refundable deposit to protect yourself.

Maybe they backed out because of hard money lending or they backed out because the deal wasn't doable anymore. 

When it comes to ruining their reputation. You have to ask yourself, do you want to be known as the wholesaler bashing on the end buyer? The investor community tends to be small and everyone knows each other. End buyers talk between them. Trying to ruin their reputation will most likely only ruin yours. 

Hey Davaris, land it's all about location and as a wholesaler what investors are willing to pay for it!!! There is a lot to look at when it comes to land. Any easements, do the power lines run nearby, what is the zoning? etc, etc. If it's your first charlotte land wholesale deal. Reach out to local builders and Investors to get a feel for what they would offer. Land tends to be tougher to sale. Builders have a lot of requirements. Learn those first. 

Welcome Earl! Bigger Pockets it's a great community to get information. Have you thought about what strategy you are going for? I would love to help. I'm an investor myself and an investor's focused agent. 

I know a couple of investors that rent room by room and it's work for them. It is essential that you get an absolutely foolproof rental agreement. My investor went through an attorney to draft the agreement and it is very very specific. It includes things like when and where you can have people over. How the common areas must be cleaned up by the end of the day.