It was a VA foreclosure and in an incredible neighborhood.

The South Charlotte Ballantyne area is one of the most sought after neighborhoods in Charlotte and there is significant growth potential in the next 4 to 5 years.

I’d rate this as a 3 out of 10 in terms of the best time to sell—it’s not the worst, but it’s not ideal either.Hope this helps!

Building on existing land helps eliminate the issue of land scarcity, which is a significant challenge due to California’s high real estate prices.

I have helped hundreds of new investors kickstart their investment journey. 

We stick to high quality neighborhoods and homes and are doing really well with it.

When I helped start a restaurant, I tried to prepare as much of this stuff as I could before opening and it saved me stress and time repeatedly. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

However, I would encourage you to Network work local real estate clubs in the PA/NJ area to help identify your target market and ideal investment for your first property.

@Andrew Katz new construction in a Class C neighborhood?