All Forum Posts by: Chris T.

Looking forward to seeing everyone tomorrow night, we should have a good crowd again! 

As always, look for the tables with the "Reserved" signs.

@John Patterson - The local REIAs are a great place to network and learn.  In addition to the REIAs there are lot of other local meetups of real estate investors.  Be sure to check out Meetup.com and the Events section under Networking here on BiggerPockets.

I also host a local networking event with other BiggerPocket members each month if you are able to make it.

Charlotte, NC REI Networking Meetup - Tues. May 7th

@John Patterson - If you provide a little more detail on the potential deal you found, we can provide better feedback.  

On the surface a $100/month cashflowing property might not be bad, but without knowing your assumptions, potential rehab required, etc. others can't really offer any insight.  

For instance, Mecklenburg county just went through the property revaluation process.  The tax rate has not been announced yet, but depending on what part of the city the property is in, the property tax might be expected to go up quite a bit.  If your current numbers show it cash flowing $100 now, it might be much lower once the new tax rates are announced.  On the flip side, if the area didn't show as much tax value appreciation, that $100 could increase.

@Yanick Gomez - Welcome to BiggerPockets!

There are lots of active investors here in the Charlotte area both here in the forums and at the local meetups.  There are lots of meetups that can be found with the local REIAs, Meetup.com, and the Events section here on BP.

I host a monthly networking event as well with other Charlotte area BiggerPocket members.  

Charlotte, NC REI Networking Meetup - Tues. May 7th

I hope to you are able to make it.

@Jonathan Levi - Yes, Yadkin Bank is no more, but it is now First National Bank.

@Aidan Mulligan - can you not just create a quick "contract" or agreement that states how the rent is split and shows that your portion of the rent is $700 per month?  have all the roommates sign it and maybe get it notarized to make it "official".  Most lenders/underwriters want documentation so they can justify their numbers.  I'd start by asking your lender/underwriter if that would satisfy their need for proof of your rental amount.

@Matt Henry - Welcome to BP!  There are lots of active members here in the Charlotte area.  

I just purchased our first commercial retail property at the end of last year so I am still learning but very interested in the retail as well as the multi-family space.

In addition to the great resources here in the forums, I encourage you to check out one of the many local meetups to connect with even more investors.  I host a networking event the 1st Tuesday of the month for local Charlotte BP members, and just posted for our May event.

Charlotte, NC REI Networking Meetup - Tues. May 7th

WHAT:     Casual Networking Meetup of local Charlotte, NC area Real Estate Investors

WHO:       Investors of all levels and experience

WHEN:     Tuesday May 7th @ 7pm - (1st Tuesday of Every Month)

WHERE:    Resident Culture Brewing Company, 2101 Central Ave Charlotte, North Carolina 28205

Come enjoy a beer, share what you are doing or hoping to do, and learn from other investors in the Charlotte area! Everyone is welcome and encouraged to come out to meet other local investors. It will be an informal get together with good beer and like-minded investors of all stages.

There are often other groups at the brewery so look for a small "Reserved" sign at the end of a table to help identify the group.

** Please be sure to comment below so even those using the mobile app can know who is coming!   Also, let us know who you are hoping to connect with or what you are hoping to talk about **

@Reggie Ramsey - I actually ended up using my regular attorney here in Charlotte.  If you have someone in the Raleigh/Durham area you have used before, you might want to ask if they are able to handle Guilford county as well.

@William Zhou - while not local to Charlotte, I was able to find good rates through NREIG for a portfolio of townhouses in NC.  Their business is rental property insurance so all they work with are landlords.

They have been very easy to work with, although I have never had to file a claim so can't speak to that end.