real estate help wanted, moving to the Charlotte area. (real estate market, mortgage)

[djtroy]

Well this was the forum I have been looking for. Here is my situation and I was wondering if anyone had any good tips based on my experience.
I am currently working in South Florida managing a mortgage company. I have been in home finance for about 4 years now. I recently received a call from a buddy of mine asking me if I wanted to come up to Rock Hill SC and run his motorcycle dealership and do the financing there. I was on a plane the next day and just got back from my trip. I really liked the place and it looked like there was a lot of potential.
The mortgage business in Florida is awful I wouldn't be able to survive much longer here that’s for sure. I am moving up there to start over and its pretty exciting. I was curious about the real estate market even though I am going to do power sports I would love to open a mortgage branch there also.
What do you guys think? Where should I be looking to live? I am pretty young at heart and I am 35 years old and single.
Is it too late to make money in the real estate market? Should I buy a house and be done with it or can I buy and sell?

[groove1]

Not too late for the marker here. It's still pretty strong due to exponenetial growth. Most ppl would agree...go for it.

[djtroy]

Originally Posted by groove1

Not too late for the marker here. It's still pretty strong due to exponenetial growth. Most ppl would agree...go for it.

Where would you buy houses in order to build quick equity. Im thinking buy and sell in a 1-2 year window.

[groove1]

Originally Posted by djtroy

Where would you buy houses in order to build quick equity. Im thinking buy and sell in a 1-2 year window.

Anywhere in Ft Mill, SC or Union County NC would be good now. Market is saturated, so make sure you can sell it within a year or two.

[djtroy]

Originally Posted by groove1

Anywhere in Ft Mill, SC or Union County NC would be good now. Market is saturated, so make sure you can sell it within a year or two.

Saturated?? Im coming from Florida its down right awful here. Im sure I can make a decent living doing home finance as long as there are still people buying homes.

[Charlottean]

Our market is very strong and the predictions are it will stay this way for the next 5 years.

Currently, Re-sales in South Charlotte and the Fort Mill/Rock Hill area are selling fast from what I have seen.

[groove1]

Originally Posted by djtroy

Saturated?? Im coming from Florida its down right awful here. Im sure I can make a decent living doing home finance as long as there are still people buying homes.

Ys, ppl are definitely buying around here still. It is still a buyers market in this area.

[djtroy]

Ya it looked like there were no problems from what I saw. I think as long as homes are cheap and places like NY, FL and NJ are still over prices and over taxed the market there will continue to grow.
Thats why I am excited to move up there.

I am a bit worried about Rock Hill being a bit far from anything exciting. Its more important for me to buy into a place that will have future resale value and I heard Rock Hill is growing. Is there any other prospective locations that are on the rise? Is Rock Hill too far from Charlotte or is it about right?

[Charlottean]

If you saw Rock Hill a few years ago you would be in shock at how much it has changed.

I will agree that in certain price ranges you could start looking now and not finish up until the end of the summer.

[djtroy]

Originally Posted by Charlottean

If you saw Rock Hill a few years ago you would be in shock at how much it has changed.

I will agree that in certain price ranges you could start looking now and not finish up until the end of the summer.

Im not too sure what you mean. Does this mean there is lots of inventory in these areas?