I would like to know more about these areas, such as market trends on multi units (4 and higher), rents-1, 2,and 3 bedrooms apartments, jobs, schools, populations etc. Any suggestions? nakula@verizon.net
Hello Nakula,
I would advise that you research, find and contract with a good realtor first and foremost. To start with, an important aspect of investment property is knowing appreciation values based on a 5-year period or longer. If a property can hold or exceed values through the current shifting market (12 months) then you can bet you've found a nice property that will benefit you in the future. Your realtor will be able to access information relating to rentals in any specific area you choose. Properties near a school or college is advantagous.
Your choosen realtor can pull data based on sold properties within an .8 mile - 1 mile radious of the subject property to include seller concessions and incentives which impact the final closing price of a property. These comps should include only sold properties over the past 7-8 months. The appreciation analysis should include 5+ years of information. Knowing all the facts of how a property performs is key to making a great investment.
I love real estate!
Best of luck to you
Nakula,
So are you looking more for a commercial property or residential. My counterpart in commercial is better prepared for this question. If you like I can put you in touch with him.
Hope this helps,
I'm a real estate professional in this area, and would love to help you find a great investment and then a greathome later. I believe you can access me through this site and hope to hear from you soon.
Hi Graham,
If you are considering real estate investment in North Carolina, take a look at homes in the Wilmington area. I am an Agent there, and we have amazing projections for the next few years. Forbes just ranked Wilmington NC #3 for Hot Real Estate Markets, and CNN/Money Magazine ranked Wilmington #7 in the entire country for the next 5 years. Take a look around my website to get a better feel for the area, and you can search for homes there too with my MLS Home Search.
Best,
John Horton
Laney Real Estate
If you would like, I'll be happy to put you in touch with a Real estate professional in that area.
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