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Investment Properties in Charlotte : Real Estate Advice

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  • Local Info281
  • Home Buying730
  • Home Selling82
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Activity 33
Thu Oct 6, 2016
Qulia Bryant answered:
Hi there, it looks like your questions went unnoticed here but in case you have found more information here is my advice. The rental market for townhomes in uptown is just as stable as renting apartments or condos in uptown Charlotte. Currently there is an influx of developers building near and around uptown Charlotte to supply the demand of large amounts of renters moving into the uptown area. Due to this I see it getting better over the next 5 years. The Bryant Park area is a neighborhood that is being revitalized therefore the shadiness is inevitable but its more on the upswing than a downswing. The future market may be able to give you more than $160 per month but that could take a few years. I usually advise my investor clients to look for net cash flow closer to $300 per month. I have never done business with Ryan Homes but I have also heard of their not so good reputation. There are plenty of other good builders in the Charlotte area that will offer good quality. There is a custom builder currently building in another revitalized area close to uptown with great quality and better prices than Bryant Park. I havent run the numbers yet for the Net Cash Flow but Im sure it could get you over $300 per month. If you have more questions or need any other advice please feel free to contact me at anytime quliasells@gmail.com.
Thank you,
Qulia Bryant
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Mon Aug 8, 2016
Zhengzheng Wiley answered:
Can be located anywhere, as long as he is licensed in NC. HUD home is unique. It is much more complicated with biding and closing on a HUD home than a traditional home. The attorneys have to be HUD approved to be able to close on a HUD home. It will also be great to find a lender who is familiar with HUD procedure. Otherwise, you will be risking on your earnest money - at each step, if you missed the HUD deadline, you will not close and therefore loss your earnest money (usually $1000). Call me (704.412.3059) if you need more guidance. I recently closed on a HUD home and is familiar with the procedure. ... more
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Mon Apr 25, 2016
T asked:
I am looking for reasonably cost 1031 Exchange Lawyer in University Area. Preferably near Concord Mills Mall and Highland Creek Neighborhood.
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Wed Feb 24, 2016
T asked:
Search for professional help for a company that does 1031 exchange transaction. I am in search for reputable company who is a independent trustees and what kind of charges I will be paying…
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Thu Aug 27, 2015
Jeffre Saint James answered:
We may be one of the answers to your needs. We have access to funds and lack construction experience to build and expand housing for investment partners. Send me a contact number to discuss terms. Thank you. Elder Jeffre Saint James, D.PSc, MBA , Managing Member R.A. Management Group LLC. ... more
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Mon Jul 27, 2015
Contact asked:
Looking for wholesale friendly agents who either have worked with wholesalers or are familiar with assignment contracts. Looking for non-foreclosure properties that are in need of repair.…
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Fri Jun 5, 2015
Hannah Ockerman answered:
Have you checked out hudhomestore.com?
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Tue Jan 13, 2015
Ron Climer answered:
If you have cash and you want to buy discount mortgages, Just put an ad somewhere like Craigslist that Says i have cash. I want to buy discounted mortgages. You will get plenty of calls. You better know what you are doing because the guy on the other end of the phone could easily be a scammer. Also, go to Bigger Pockets and let that crew know that you want to buy discount mortgages. If you don't know what you are doing, get some legal advice before you plunk down your money. Buying discounted mortgages is very lucrative but fraught with danger. Be certain that you get title insurance. ... more
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Wed Dec 3, 2014
Payal asked:
Hello, I am looking to invest in rental property in Charlotte and would like to get some pointers on what would be suitable neighborhoods or zip codes to look into.
Here are my criteria-
1.…
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Mon Jun 9, 2014
Jacqueline Nurse answered:
Hi. Certainly understand your concern and no single property is perfect. What is the demand for rentals in the area and specifically in that building? Hope this helps.
Best wishes
Jacqueline Nurse
305-609-1232
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Mon Feb 24, 2014
Julius Green answered:
To answer your question about a town-house being a good investment, well it depends. The University area does have a high demand for rentals. Finally, yes you can make money by renting a town house but you could also lose money. The reality is that nothing is perfect! The market goes up and down. You can greatly reduce the chance of losing money by working with a qualified agent. I encourage you to do your research. If you don't know where to start or need help, call an agent that knows the market. I wish you the best!

If you have more questions concerning real estate, feel free to email me at Juliusgreen@kw.com.
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Fri Jan 24, 2014
Alicia Buchanan answered:
JT Look for a broker that has experience with investors. Interview a few to make sure you will work well together and that they understand your goals as an investor. A good broker will intently search your selected area for properties that may not even be marketed. As you move forward in your broker selection, I would love a chance to talk with you and provide you with the investor references to see if we work well together.

Have a Great Afternoon!

Alicia Buchanan
NC Broker Realtor
Market Street Realty
704 906 7211
msrbroker@gmail.com
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