Donald Trump believes that buying commercial real estate in Charlotte, North Carolina is a good investment. It's nice to see that others are finally starting to see what we who live in Charlotte have known for quite a while. You can read the Charlotte Observer story about why Donald Trump is considering buying Charlotte real estate rather than building new buildings.
I have been preaching to people about all the money that is going to be made in real estate over the next five years. I'm not talking about making money as a Realtor... I'm talking about investing in existing real estate.
WAIT... Don't stop reading now!
I know, I know, you are thinking, I don't have any money to invest in real estate now... and I'm NOT going to take money out of my IRA or the stock market to start investing in real estate... heck, I can't even sell my own home to buy what I really want to live in... much less invest in real estate!
That's the golden phrase, "I can't even sell my own home to buy what I really want to live in." While there are plenty of really good opportunities to invest in real estate today the best one for almost everyone is to upgrade the home they are now living in!
Think of it this way, there is a very high chance that your home is going to appreciate from today's value over the next five years. Doesn't it make sense to maximize that appreciation by maximizing how much you have invested in it? If you have a $200,000 home now and it appreciates by 10% in the next five years it would be worth $220,000. If you sold that house today and bought a $250,000 house that appreciated 10% you would own a $275,000 house in five years.
Wouldn't you be kicking yourself if the real estate values increase by more than 10%... say by 20%. In that case your home would be worth $300,000. In that case you would have passed up a $50,000 increase and a nicer home than you currently live in!
There are plenty of other angles to discuss when considering this strategy to capitalize on the current real estate market. Feel free to contact me to discuss your questions, concerns, ideas and dreams of how to maximize your real estate investment. You can reach me, Mark, at The Ramsey Group at 704-236-9780.
The Ramsey Group is the top producing real estate team at Keller Williams Realty at University City in Charlotte, North Carolina. We love the Charlotte metro area and would love to help you fulfill your real estate needs and dreams. After all, we are Your Charlotte Connection
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