All Forum Posts by: Jeremy Moore

Awesome, thanks @Jeff Filali for the recommendation & advice, I'll be getting in touch with @Deren Huang this weekend. I appreciate it!

I'm an out of state landlord and I'd like to sell my last property off in Broken Arrow. 

• Any recommendations for a reliable seller's agent who can help facilitate this? 
• Will there be any issues doing this across state lines, or will I need to fly out there?

Thanks @Jeff Engstrom & @Alex Franks, I will definitely be getting involved with some meetup groups when I get there. And you're spot on with the southern states being more attractive than buying in Denver at the moment. I am afraid of the humidity though.. 

Thanks @Josh Stack, my focus so far has been on comparing different markets at a high level. What attracted me to Charlotte most was the quality of life, we absolutely the love the friendly people & all the outdoor activities. Aside from that, my reasons for choosing Charlotte were that :

• It has a strong economy with a variety of industries & a growing tech scene
• The avg rent-to-income in Charlotte is around 27%, which makes it pretty affordable for tenants
• The rent to home price ratio was relatively high (2% rule, though it looks like it may need to be more of a 1% rule, as with other places)
• It's generally safe, with crime trending downward over the last 10 yrs
• Net inbound migration was high
• Home appreciation was up, but not ridiculously so like some other markets (like my home state in CO)
• It's near to several other potentially attractive markets if Charlotte _didn't_ work out for us, like Raleigh, Nashville.

All these factors lead me to believe Charlotte is going to be a good place to acquire buy & hold rental properties and try my hand at a new business. Plus, where else can I get cheer wine & Carolina Reaper fried chicken? :D

Hi everyone, 

I'm a newbie investor just taking my first steps toward making this my new business. I've been a web applications developer for the last 12 years, and I'm really excited to mix my tech skills and entrepreneurial drive with some purposeful investing.

I have some experience as that typical "accidental landord" and have held my first home as a rental for the last 10 years. Its had its ups and downs, but I've come to really love the idea of the "passive" income it generates. I've just sold my 2nd home, and my wife & I are beginning a new chapter in our lives in Charlotte, NC this summer. 

I decided on Charlotte after conducting a ton of research on the top markets in the US, and taking a variety of factors into consideration:

• Home Values
• Average Rent / Income ratios
• Unemployment Rates
• Crime
• Population
• Economic Growth
• Net Migration
• and most importantly, where we'll be happy

I started out with Bigger Pockets own excellent 2017 Market Analysis, and added my own numbers to help me give more weight to the factors I felt were most important. Here it is:  https://docs.google.com/spreadsheets/d/1nveTPhkgMf...  

Disclaimer: I'm not a data scientist and these calculations are only representative of my own opinions, take them with a fair amount of salt. 

The most valuable takeaway for others though are probably the data sources that I found while putting this together :

• American Fact Finder - This was a great resource, you mix & match different demographic, economic and geographic data tables
• City Data - Pretty well known, contains a variety of information on different cities, used for crime statistics
• HUD Fair Market Rents
• Unemployment Statistics
  
• Census Bureau Quick Facts
• Additional Census Bureau Resources

It took me a while to figure out where I could find good, reliable data, so hopefully this list helps someone else who's unsure of where to look. I have a lot to learn still, but Bigger Pockets has already been an indispensable wealth of information. I hope to add just a little more. I'm curious, what are some resources and things you've found helpful for analyzing data and guiding your decisions?

I'm really looking forward to learning and growing with the help of the Bigger Pockets community, and sharing the things I learn along the way. I hope to connect with some of you, and I'm especially interested in learning who some of the prominent investors, property managers and agents are in Charlotte. If that's you, or you have some recommendations, please say hello! 

I'll be in Charlotte for the majority of next month, and would love to start building some relationships when I'm there.