All Forum Posts by: Stephanie Walker

We use Ed Adams owner of Adams & Associates out of NJ. They own rental properties and STRs as well so they’re well-versed. 609 989 9800

We manage a handful of properties remotely (however most of ours are local to Charlotte market) and we keep actual keys in a lockbox in case batteries die or any malfunction. We don’t give guests the code. It is there for emergency purposes only. 

Good for you for starting your journey! I'm in NC, based out of Charlotte. What is your ideal strategy? Flips, LTR, MTR, STR?

I’d love to connect!

@Nicole Heasley Beitenman we work with insurance companies and relocation companies. They almost always request 3-4 bedroom homes in our market.

2/2s or 3/2s in the Charlotte market!

Option 2 is the route I’d personally take. On top of the investment properties we seek out (which are typically lower in price point under $350K), we purchase and live in new construction homes that we then turn into LTR or MTR, depending on what comps look like at the time. We do this every 1-2 years and that helps to build our portfolio further and beats paying 20% every time. 

I have worked with and currently work with a couple investors that specifically live in CA, some others in different states and some even out of the country. I will say it takes a lot of trust in your real estate broker and trust in your property managers to make you the most money they can and to make sure you make a solid investment. It’s definitely not a decision to take lightly but many do it!

If you're a wholesaler working the Charlotte market, I'd love to connect! Our investors are tired of the picked-through offerings we come across that get sent to half the investor world or deals that just don't make sense. We're looking for a motivated individual that's ready to make some money!

I have investor clients that like one over the other for a myriad of reasons.

Flip: forced appreciation but a ton of work and you need to have a reliable team on the ground. In my market, it’s not easy to find a flip with good margins and when they do come up, you have to be able to move quickly. Which is difficult to do if you don’t share the same time zone. 

Turnkey: my personal investment style. Low maintenance, warranties with new construction, less time involved, quick to go back on the market to search for a tenant, and can often charge more for rent. Another bonus: most new construction builders are offering generous incentives to buy down the rate and increase cash flow. 

Quote from @Eliott Elias:

Most builders don't sell to investors, most new builds don't cash flow in Austin, most have HOA limiting what you can rent it for.

Really??? I’m floored! We don’t have a ton of investor restrictions with our HOAs aside from lease length (most only allow 1+ year leases). I’d never heard of a rental price restriction. Good to know! We’d been looking into some TX properties for a family member.