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Old 06-10-2008, 10:23 AM
 
3 posts, read 7,199 times
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Hi,

I would like to know what Charlotte areas are mostly profitable in terms of renting property. When I relocate there I would like to invest in some real estate, most likely foreclosures or go to auctions etc. I'm doing my research now so that I know what to expect and where to go when I get there. I appreciate any help. Thanks.
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Old 06-10-2008, 11:51 AM
 
Location: Huntersville
1,521 posts, read 4,882,043 times
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Its all relative to each property money down type of financing etc you need to work all the variables and level of pain.
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Old 06-10-2008, 05:48 PM
 
7,126 posts, read 11,462,826 times
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Originally Posted by QC Misfit View Post
and level of pain.
why didn't you mention the nails in the palms of your hands and the cross thingy? C'mon, you can do better than that PC statement of "level of pain".

LOL,
je
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Old 06-10-2008, 06:32 PM
 
Location: Huntersville
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well I will tell you a landlord is a tough business and leave it at that. I am more for your business model and slowly converting that way. Only 5 more to offload
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Old 06-10-2008, 06:34 PM
 
Location: Huntersville
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...that reminds me rent was due 10 days ago....
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Old 06-10-2008, 06:48 PM
 
7,126 posts, read 11,462,826 times
Reputation: 2594
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Originally Posted by QC Misfit View Post
...that reminds me rent was due 10 days ago....

OP--see what I mean? and he's experienced and the rent is 10 days late.
What would you do? Get a lawyer? Cost money. Get your pistola? Go to jail.Evict them? No cash flow.
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Old 06-11-2008, 10:25 AM
 
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I thought this forum was for info. Discouraging me from what I am setting out to do was uncalled for.
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Old 06-11-2008, 10:28 AM
 
Location: Up above the world so high!
45,216 posts, read 99,267,705 times
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Originally Posted by dairyqueen View Post
I thought this forum was for info. Discouraging me from what I am setting out to do was uncalled for.
Actually, you have gotten GREAT info - it just wasn't what you wanted to hear

Still, I'd listen to the voices of experience if I were you. Rental property management is best left to the firms with enough of a bank account to survive when the rent doesn't get paid for months at a time and you have to use legal action to remove someone.
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Old 06-11-2008, 03:07 PM
 
Location: Huntersville
1,521 posts, read 4,882,043 times
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Originally Posted by dairyqueen View Post
I thought this forum was for info. Discouraging me from what I am setting out to do was uncalled for.

No if you have the time and drive it can be a very good avenue to pursue. On the other hand if your just getting by now it may not be the best thing to do. I would be more than happy to chat with you about your different options I just wanted to make sure you knew what you were getting into and not just watching something on TV that makes it sound so easy,

There are some deals out there to be had though if you have good credit and around 15% to put down unless your a cash buyer
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Old 06-12-2008, 09:35 AM
 
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Thank you QC Misfit for being a little more positive and respecting what I am going to do regardless of what others say. All I wanted was to know about some areas to buy properties and that's it.
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