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All Forum Posts by: Logan Hartle

Logan Hartle has started 11 posts and replied 106 times.

Post: Does this type of loan exist?

Logan HartlePosted
  • Real Estate Broker
  • Charlotte, NC
  • Posts 114
  • Votes 64

If you have equity after buying you may be able to utilize a HELOC for the renovations. If no equity in this one and you have equity in another building I would suggest trying that.
SBA loans can be had but they have big fees  and tend to be a pain to get rolling. Your local bank will have some options.

Ultimately it may make the most sense to separate out the business from the property. Speak to an attorney but they may advise you on owning the liquor store in one company and owning the real estate in another. If that’s the case you will want the funding and financials to be completely separated.


Post: Charlotte NC Investing- First Time- Am I late to the party?

Logan HartlePosted
  • Real Estate Broker
  • Charlotte, NC
  • Posts 114
  • Votes 64

Hey Charles. There is a lot of competition for good deals out there but the good news is that new deals are constantly coming up.

A pre-qualification letter is pretty standard so it won’t help you stand out. It’s more of a requirement than a bonus if you are financing the acquisition. And if the competition makes a similar all cash offer it’s going to be difficult to compete.

Most wholesalers have lists of cash buyers. They’re similar to traditional sellers in that if a cash buyer makes an offer on their deal it’s going to stand out and be more palatable than a financed offer (assuming similar offers).

If I were you I would strongly urge you to make connections with hard money lenders who can get you cash in 10-14 days so you can close quickly to compete. You can then refinance on the back end  with some more permanent lower interest financing (assuming you buy a good deal).

As for where to find deals there are countless articles and podcasts on BP regarding this. (FSBO, FRBO, Wholesalers, pre-foreclosures, etc)

Post: Need Help to Develop Family land / Mathews. NC / Charlotte, NC

Logan HartlePosted
  • Real Estate Broker
  • Charlotte, NC
  • Posts 114
  • Votes 64

Hello @Jacques Ikolo. Let’s connect.

Post: Nevada-Purchase or lease an industrial building? Vegas or Reno?

Logan HartlePosted
  • Real Estate Broker
  • Charlotte, NC
  • Posts 114
  • Votes 64

Hey Branden,

I’m not in Nevada or Reno so if this doesn’t help sorry. I’m chiming in on your time constraint. Sorry for the pun but would an Option be an option instead of buying or leasing? You could secure an option to buy a property for minimal down and secure the location without having to guarantee a lease or purchase. Not sure if this would suffice for the NMTC.

Post: Looking to invest in 50K houses to rent.

Logan HartlePosted
  • Real Estate Broker
  • Charlotte, NC
  • Posts 114
  • Votes 64

@Daniel Fridrij hey Daniel. If you are interested in secondary and tertiary markets check out Wheeling WV. It’s about an hour from Pittsburgh and is in the heart of Appalachian oil and gas country. The region is getting a ton of interest from ethane cracker development and should be a boom in the next 5-10 years. Plenty of houses in this range and also a property manager I could connect you with.

Post: Insights on Concord/ Raleight North Carolina market

Logan HartlePosted
  • Real Estate Broker
  • Charlotte, NC
  • Posts 114
  • Votes 64

Hey Jonathan, I’m happy to assist in any way I can. I focus on assisting investors. I think you can get this done depending on your criteria.

Post: Charlotte, NC: Developing a network

Logan HartlePosted
  • Real Estate Broker
  • Charlotte, NC
  • Posts 114
  • Votes 64

Hey Dillon. Welcome! I’m happy to assist you in your journey in any way I can. Let me know if you’d like to connect.

Post: 2021 CLT Market Predictions

Logan HartlePosted
  • Real Estate Broker
  • Charlotte, NC
  • Posts 114
  • Votes 64

Demand remains high and listings are at levels half what they were a year ago. If the population growth we’ve seen continues, rates stay low, and supply remains low we will continue to see increased pricing.

Builders are working hard to develop new housing to accommodate for the demand. 

Post: Building Townhomes vs Buying a Quad

Logan HartlePosted
  • Real Estate Broker
  • Charlotte, NC
  • Posts 114
  • Votes 64

Does anyone have experience building townhouses? I am working on a model involving building out a row of 4 townhomes as opposed to buying a quad. Just curious if anyone has built townhomes and could lend some advice on the process. I'm just in the feasibility study phase right now.

Post: Newbie looking to Learn

Logan HartlePosted
  • Real Estate Broker
  • Charlotte, NC
  • Posts 114
  • Votes 64

@Nate Reed welcome to BP. I’m in Charlotte also and am happy to assist along the way in any way I can.