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Old 12-23-2012, 10:10 AM
 
Location: Charlotte
512 posts, read 913,114 times
Reputation: 142

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Hello...

Are there are any good opportunities in Charlotte/surrounding areas to invest in Land or Condo or single family homes. Budget betwen $10,000 to $150,000.

Any theories/opinions that the forum can share as to where to buy? I will probably get an Realtor but the intelligence on this forum is awesome.
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Old 12-23-2012, 11:55 AM
 
Location: The place where the road & the sky collide
21,903 posts, read 27,184,852 times
Reputation: 8966
Quote:
Originally Posted by feng21 View Post
Hello...

Are there are any good opportunities in Charlotte/surrounding areas to invest in Land or Condo or single family homes. Budget betwen $10,000 to $150,000.

Any theories/opinions that the forum can share as to where to buy? I will probably get an Realtor but the intelligence on this forum is awesome.
If I had the money to invest, I'd do it right here in Kings Mountaoin, either in the city limits or just outside of it.If things proceed as they have been going, this is the next big thing. However, that remains to be seen, with the entire state government about to go into Republican hands.

You would have to invest time & effort to make the right purchase. I know what I would do, if I hit the lottery, but that's just what I would do.
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Old 12-23-2012, 12:30 PM
 
467 posts, read 1,287,871 times
Reputation: 330
A realtor can often make a very poor investment advisor. There are investment options galore... It's all going to depend on your knowledge, funding, and how aggressive you want to be. You can buy for cash flow, or you can buy to speculate that the price of your asset is going to rise in the future.. guess which one is more predictable
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Old 12-23-2012, 01:08 PM
 
2,833 posts, read 4,144,053 times
Reputation: 6873
Location, location, location. Buy in a good area and you will be o.k. Don't buy ANYWHERE there is vacant land in the area. The recession has hurt values in all areas but the properties further from Charlottes CBD have been hit the hardest. If I had $150,000 to spend right now I would buy a SFH (no mandatory HOA) in area 5 (south Charlotte) as close to town as I could. Stay away from condominiums and townhouses.

Don't let your heart get involved in your negotiating. You need to find a realtor that you can trust - they are out there if you look.
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Old 12-23-2012, 02:10 PM
 
6,270 posts, read 10,004,854 times
Reputation: 4724
Quote:
Originally Posted by feng21 View Post
Hello...

Are there are any good opportunities in Charlotte/surrounding areas to invest in Land or Condo or single family homes. Budget betwen $10,000 to $150,000.

Any theories/opinions that the forum can share as to where to buy? I will probably get an Realtor but the intelligence on this forum is awesome.
I would invest in cheap/higher crime areas of North Charlotte that are about to get light rail service. This is something that I wished I had done with the South End.
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Old 12-23-2012, 03:35 PM
 
Location: Southeast
345 posts, read 720,223 times
Reputation: 175
Quote:
Originally Posted by feng21 View Post
Hello...

Are there are any good opportunities in Charlotte/surrounding areas to invest in Land or Condo or single family homes. Budget betwen $10,000 to $150,000.

Any theories/opinions that the forum can share as to where to buy? I will probably get an Realtor but the intelligence on this forum is awesome.
I have a 2-bedroom 2-bath condo in South Charlotte if you want to buy it. Please PM me if interested.
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Old 12-23-2012, 03:49 PM
 
Location: Charlotte NC
1,077 posts, read 2,201,425 times
Reputation: 992
Quote:
Originally Posted by feng21 View Post
......but the intelligence on this forum is awesome.
thank you.



good luck with your investing!
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Old 12-23-2012, 04:54 PM
 
467 posts, read 1,287,871 times
Reputation: 330
Quote:
Originally Posted by urbancharlotte View Post
I would invest in cheap/higher crime areas of North Charlotte that are about to get light rail service. This is something that I wished I had done with the South End.
YES!
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Old 12-23-2012, 05:42 PM
 
80 posts, read 144,837 times
Reputation: 57
Quote:
Originally Posted by urbancharlotte View Post
I would invest in cheap/higher crime areas of North Charlotte that are about to get light rail service. This is something that I wished I had done with the South End.
excuse my complete ignorance on this topic but I am curious...do you expect for the area to make a turnaround because of the light rail service or simply increase the number of buyers?
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Old 12-23-2012, 08:39 PM
 
Location: Inactive Account
1,508 posts, read 2,473,670 times
Reputation: 965
It will take time to turn the northeast corridor around from LYNX... There are still affordible investments on the south line from Tyvola southward and it's not all played out. A slow rebound taking place now from the real estate bust. Nice ranch homes around $150K, some already fixed up a bit by people impatient with the market.

Raw land isn't easy to swing in Mecklenburg county. Most of the county is already zoned low density and the large parcels are owned by developers.
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