rentals: Are You Shopping For An Agent, Investors? - 01/12/07 02:16 PM
I just finished an initial consultation with a group of prospective investor clients (they've moved from suspect to prospect), who are entertaining the possibility of creating a portfolio of properties in the Charlotte NC area.  They currently live and work in New York City, but the cost of housing up there is prohibitive to younger investors with limited liquidity!
So we started off by talking about the area.  What each section of town is doing.  How single family compares to condo-townhouse property in this area of the country.  School districts.  Appreciation.  Public transportation options.  Property tax rates.  Commuting times.  Infrastructure.
These are all … (2 comments)

rentals: Are you READY to be an investor? - 10/16/06 08:07 AM
I get this question a lot, mostly from people who are up late at night watching info-mercials or watching the latest people on HGTV make a fortune. 
In our Charlotte NC metro market, the rental market has been soft right along with housing prices.  If you're a student of markets, you will note that they do run parallel to one another.  When folks are looking to be a landlord and add to a rental portfolio, there needs to be a slush fund available. 
For planning:  years 1 and 2 will most likely show a negative cash flow (you will have vacancies … (0 comments)

 
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Leigh Brown Charlotte NC Broker/Owner

Leigh Brown

Charlotte, NC

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RE/MAX Executive Realty

Address: 7752 Gateway Lane, Concord, NC, 28027

Cell Phone: (704) 507-5500

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