All Forum Posts by: Jimmy Presnell

@Ruben Garratt

it’s pretty tough to get multi units within a 5 mile radius of uptown that isn’t sketchy, but I’ve expanded my search requirements and am keeping an eye on the market. Haven’t pulled the trigger yet but I’m now looking at townhomes/sfh if I can find a more desirable area to just rent by the room while I live in it. Hope this helps

Appreciate the response Eric- yeah that's what it's looking like for me as well. Do you like your SFH decision or is there another route you would have done?

Thank you everyone!- I will continue to scope out multi units and will begin to look into townhomes and condos that don't have a massive HOA.

I am completely open to other ideas to get started if anybody wants to share any paths to enter into real estate.

Jimmy

I know this Charlotte market is pretty capped out (especially closer to uptown) but any advice on getting my first deal in real estate?

Thanks for the input Raul, that makes pretty good sense. Would you have any recommendations outside of multi units with my situation? 

Also, I have considered the condo or townhome route and rent out a room but feels like I’ll be stuck living there. (Definitely not as profitable as multi unit) What’s your thoughts on townhomes and condos?

Hello Everyone- I've been living in Charlotte for 1 year as renter in an apartment paying over 1,000 for a 1bed 1 bath and am looking to get into a house hacking scenario and have some help paying my future mortgage. I am 23 years old and single so extremely flexible on living situaton. Ideally I would purchase a multi unit (duplex, triplex, or quadplex) and bringing in as much cash flow as possible by renting out all the other units for 800+ and rent out space in my unit to a friend for an extra 500-600 hundred.

I a looking for things near the uptown area so I know it can be a bit of a dig but was curious if anybody had any tips or advice on how to find deals?

I haven't found anything that matches the criteria, and was looking to find a deal in the next 12 months.. Any ideas on how I could find a multi unit?

Any advice would be greatly appreciated!