All Forum Posts by: Chris Puckett

@Keegan Fraker I have recently inquired with a REALTOR ® in my office who is also a GC about building me a few duplexes.  Now I'm in the Charlotte area but his quote to me was around $70/sq ft.  Now that doesnt include land, grading if necessary and utility taps.  What I've found in our area is that most of the duplexes are fairly new anyway so maintenance is relatively low if you buy right and do your due diligence before hand.  

Not trying to sway you one way or the other, just my perspective. 

Hey @Adonte Lipsconb I can speak for the Charlotte metro area. Investment wise buy and hold market is strong because of rental rates provide a great ROI. Flips seem to be few and far between mainly because investors have dried up the foreclosure pool. Hope that helps a little. Shoot me a message if you want to chat. Welcome to NC!

@Dave Hurt Dave, not sure if you are still in the market for a lender but First Citizens in Concord has been very helpful to me as a buy & hold investor.  

@Henry A. Lyon Hey Henry as a REALTOR ®, investor and property mangement company owner, I can tell you Cabarrus County, NC is hot as well.  Concord was recently listed as the 7th fastest growing cities in America and Cabarrus County was top 100 fastest growing counties.  For Buy & Holds, rental rates are very high and more landlord friendly than Mecklenburg Co. (Charlotte).  

Depending on what type of investing you are looking to do, I think you should expand your search outside of Charlotte proper.  Love to chat sometime if this interest you.  

@Alex Schukin Hey Alex, I'm a REALTOR ®, Investor (buy and hold) and also own my own property management company.  You may also want to check into Cabarrus County which is NE of Charlotte.  Thats where I practice and reside and it is one of the 100 Fast Growing counties in the nation.  My hometown Kannapolis, is projected to double in population (from 47,000 to 95,000) by the year 2040.  Rental rates in this county are outstanding.  Would be glad to talk if you have interest.  

Hey BJ, I am a REALTOR ® and have access to numbers in your area.  shoot me a note and let me know if you still need any help.  

@Fabrizio Vallejos you may also tell the lenders what your ultimate goal is.  That way they can help you work toward your goal and get you started in the right direction, financially.  There is nothing worse than starting out and finding out that you need to change what you have been doing.  It can cost you money and time.  

Hey Fabrizio, I'm a REALTOR ® in Kannapolis, NC.  My advice would be to first figure out where your money is going to come from.  I would start talking to small local banks in NC i.e. First Bank, First Citizens, F&M.  Tell them what you are looking to do and let them tell you the best way financially to go about it.  I use a bank to buy my "buy & holds" and I like it.  Private or hard money can come with a lot of strings and can be very expensive.  

Also may want to tap into relatives to see if they want part of the action.  Let them front the money and you take care of the property. 

Let me know if you have any further questions.  I think you are on the right track!

 Hey Ed, I love this idea.  However it sounds like only something that a really large company could implement and be able to absorb those cost.  Our company is designed to stay small on the residential side.  You are correct about connections.  Thankfully through our experience as a REALTOR ® we have been able to build a great network of connections.  

@Steve Vaughan One of the simple ways we sort out a lot of "looky loo's" or even poor credit is self showing access to all properties (if the landlord agrees).  So the potential applicant logs in and pays a minimal fee ($0.99 i think) and gets a code for a one hour showing.  This weeds out a lot of people who dont want to bother with the fee.  Way I look at it is if they cant or dont want to pay $0.99 then they wont pay rent on time or at all.  

Also, my back ground checks through RentecDirect.com helps weed out a lot of bad applicants.  Then we handle the income verification once the back ground checks are complete and acceptable.  

Honestly race, religion, sexual orientation is completely taken out of the equation this way.  It is all done online without talking to the applicant or meeting them in person.  As a REALTOR ® I am very mindful of Fair Housing.