All Forum Posts by: Matthew Tringali

Hi @Ida Powers , we have a lot of clients that do exactly what you described.  They bought a house and lived there and whether they planned to or not, ended up moving out of town and renting it out with a manager.  That setup works really well for them.  Just make sure you hire a property manager you like and trust will treat it like their own.  Good luck!

Following this thread as I need more lender connections like this in Charlotte as well.

@Jim Kittridge , welcome back to Charlotte!  

@Isiah Ferguson , sorry, I am late to the game here, but I agree with others that is definitely expensive.  I just sent you a message for a recommendation in case you are still looking for other quotes.

 I have the same questions.  Help me understand better what you are seeking and I may have some connections in Charlotte that could help.  Also, SF only or also MF?

Welcome to Charlotte @Kyle Baird , feel free to reach out to me anytime to discuss the local market or analyze specific opportunities you are considering.

We have a few areas in Charlotte that are or have been like that also for the past couple of years.  We have decided to take the bet that the burn won't last and we have sold off some of our inventory in areas like that and quite a lot of our landlord clients have also been selling off the past two years.

@Walther Mendez , your question really depends on your risk comfort.  If you are more risk averse, then I would say your reserve should be the cost of a new HVAC unit, plus three months worth of rent. 

Sounds like an exciting time for you and your wife, feel free to reach out to me directly with any questions on the local sales or rental market.

@Eric Weireter , could you message me with that same list?

@Iqwe Haywood , what type of financing do you need?  Conventional mortgage for long-term hold?  Or would private hard money do?

Hi Chris, we have an office in Cary that services both the Durham and Raleigh markets.  I will send you a message.