All Forum Posts by: Kai Kopsch

@Jacqueline F. welcome to BP forums. Starting as an assistant is a great way to get into real estate. If you're not already licensed in NC, this is the first step to finding an assistance job; the second is your social media FB & linked-in so the more people you connect with in the RE industry in CLT so easier it gets.  Look for closing coordinator jobs on Glassdoor or indeed.

Wishing you success on your Rael Estate journey in Charlotte! CLT is a great place to to RE business  

Run the comps in the neighborhood and adjust comps minus 15 to 20K for the school traffic. 

@Justin Brittingham Charlotte, NC is an excellent place for real estate deals check "meetup" in CLT. We have a lot of local investor groups. The best way to get started is to find a paid job in the RE industry, learn on the job and slowly grow your own RE business. No upfront expenses and a mentor for free!

Charlotte, NC, has 1.6 months supply of inventory at this moment (normal is 6 months), and the Average Sales Price from November 2021 to November 2022 is up by 11.9% $436,754 to $488,929. Top homes close in less than 5 days. Like Henry says you can complain about the market or just make money in this market. The BP members I helped close on homes this year are all very happy with their investments in this market in CLT.

There are a lot of options just look on job websites what real estate jobs are available in your area. Some jobs require RE license others have no requirements. For example, five years ago, my wife had a normal W2 9-5 job, made her Real estate pre-licensing classes at night and on weekends, getting licensed, and found a W2 job as a transaction coordinator for a successful Brokerage. A year later, she started working for a builder, and today she has her dream job coordinating sales for a builder in 5 states. 

@Tasha Barnes, this sounds perhaps hard, but if you need help finding a good hard money lender is a red flag. This indicates that you don't have your team in place, and without your success rate isn't the best. I would recommend doing your first few transactions together with a seasoned investor after a few deals, you have a team you can trust, and a hard money lender will approach you. 

@Miguel Ortega sounds like a great start into REI. You will find a lot of free RE education here on BP I hope you didn't pay too much for you're "Rookie Bootcamp" next week. Out of my experience, over 90% of REI classes/Bootcamp teach stuff that worked ten years ago and or teaches methods that you can find on BP for free. The best way to get started in RE is to work for an RE investment company, Broker, or flipper as an assistant, learn, and get paid.

Hi @Christoph Helmke,

short answer, there is no easy access to US lenders for foreign nationals without an SSN. Some lenders have foreign nationals programs but those come with a big increase in the rates due to the risk they're taking on, and most require a 20% down payment or more. 

Assuming you ask this question because you have a tough time doing a fast turnaround? You probably already know you're too strict on you're rental qualifications. Every area has different demographics there is no golden rule. What credit score are you checking? The scores between FICO and VantageScore easily vary by up to 100 points, so an applicant with a VantageScore3 from 670 would not qualify even if this person has a FICO8 from 730. 

It doesn't matter what Airbnb might say, as a realtor, you have to use the NAR rental contract from you're State and RE Commission or an attorney draft one. No BIC that I know would allow using an attorney draft one for a rental the risk is too high for a little rental commission.

The NAR contract is very clear
14. Occupants: The Tenant shall not allow or permit the Premises to be occupied or used as a residence by any person other
Than Tenant and the Permitted Occupants. Tenant shall be subject to a fine of $ _____________________ for any violation of this
paragraph, and Tenant agrees to pay any such fine upon receipt of Landlord’s demand therefor. Payment of any such fine shall not
permit any person for whom the fine was imposed to occupy or use the Premises as a residence.