Was wondering if anyone on the forum has successfully used a 203k Loan in the Charlotte/Mecklenburg County area. Was looking to obtain a 203k to rehab a duplex and wanted to hear from some locals. Currently in the Orl...

I work for a property management company in Charlotte NC. 

Investment Info:

Single-family residence wholesale investment.

Purchase price: $14,000

Sale price: $19,000

Got this under contract at $14,000, and it didn't fit the criteria that I wanted for my rent...

We have honed in on places like IN, KY, MO, OH, GA, SC, and NC. 

I am currently a student at Wake Forest University in North Carolina studying Finance and Entrepreneurship. 

States with the highest foreclosure rates were Delaware (one in every 1,705 housing units with a foreclosure filing); Illinois (one in every 2,175 housing units); Florida (one in every 2,237 housing units); Indiana (one in every 2,397 housing units); and Ohio (one in every 2,500 housing units).Among 220 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in Q1 2021 were Lake Havasu City, Arizona (one in every 518 housing units); Provo, Utah (one in 1,280); McAllen, Texas (one in 1,297); Shreveport, Louisiana (one in 1,353); and Atlantic City, New Jersey (one in 1,441).Other major metros with a population of at least 1 million and foreclosure rates in the top 50 highest nationwide, included Cleveland, Ohio at No.6, Birmingham, Alabama at No. 9, Jacksonville, Florida at No. 12, Miami, Florida at No. 34, and Riverside, California at No. 39.Foreclosure starts increase 3 percent from last quarterLenders started the foreclosure process on 17,652 U.S. properties in Q1 2021, up 3 percent from the previous quarter.Those states that saw the greatest quarterly increase in foreclosure starts and had 500 or more foreclosure starts in Q1 2021, included California (up 36 percent); Ohio (up 25 percent); North Carolina (up 15 percent); Virginia (up 11 percent); and South Carolina (up 10 percent). 

We are looking to move out of small town Western NC, no workforce.

I work for a property management company here in Charlotte, NC and we do all the fix up as well. 

My business partner and I are getting started in BRRRR investing in the greater Raleigh / Triangle North Carolina area.We intend to focus on short-term rentals using AirBnb and like platforms after the rehab/refinance process.

My interest and expertise includes investments in Baltimore City/County, MD, Outer Banks, North Carolina, Costa Rica and Chattanooga, TN.