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nferrandi
too excited for words
Member since 10/05 18538 total posts
Name:
Nicole
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know anything about North Carolina real estate?
I know that NC is really an up-and-coming place right now, and we're thinking about buying a house there and rent it out. I would be open to moving there, but DH is not on board.
For those of you more familiar with the area, do you think this would be a good investment? Where are the newer areas (but still close to a city) to buy? Do you think we would have problems finding renters?
Any advice would be appreciated. Thanks!
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Posted 1/3/06 11:58 AM  |
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pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
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Re: know anything about North Carolina real estate?
Hi, I live in Charlotte which is one of the biggest cities in NC. The real estate is unbelievably (sp) low. My FIL's just bought a cute ranch for 120k. The area is definitely booming, I think that would be a great investment and you should have no problems finding renters. Good luck
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| Posted 1/3/06 12:09 PM |
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meghanmetz
LIF Adolescent
Member since 5/05 525 total posts
Name:
Meghan
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Re: know anything about North Carolina real estate?
I moved to NC (Charlotte) about a year ago and bought a house, since then my husband has purchased two more rental properties for less than half of what a house on LI would have cost us. The houses have both been rented out, but I do think it may be difficult to do long distance without a management company. My husband has had quite a few small issues where he has run over to the house. Overall, it's been a good investment, and this is definitely a boomtown.
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| Posted 1/3/06 12:14 PM |
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Shorty
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Member since 5/05 30390 total posts
Name:
really
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Re: know anything about North Carolina real estate?
My parents are researching the same thing right now - they ended up going with SOUTH Carolina instead. They're looking to buy and rent out a condo in the Myrtle Beach area.
In July, Dad's cousin bought a 3-br condo with 2 full baths, and a big floorplan for $106K - 2 miles from the beach. They're very happy with it.
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| Posted 1/3/06 12:14 PM |
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NoStressMom
My Heart and Soul
Member since 5/05 11122 total posts
Name:
D
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Re: know anything about North Carolina real estate?
That is the process Iam in right now My husband and I just bought a brand new house In Hilton Head island and we are closing in Feb. renting it out for now or we might even just flip it! My in laws live there so I know the area like I know LI.
Denise Image Attachment(s):
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| Posted 1/3/06 1:00 PM |
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nferrandi
too excited for words
Member since 10/05 18538 total posts
Name:
Nicole
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Re: know anything about North Carolina real estate?
What do you think of this area:
North of Charlotte, NC in historic Statesville. . . only 15 minutes to Lake Norman and an easy drive to Charlotte, Hickory, Winston-Salem, High Point, Greensboro, and Mooresville via I-77 and I-40.
There seem to be some really good deals.
Model Information:
First Floor Plan
$117,990 - $125,990
Sq Ft.: 1,214
3 Bedrooms
2 Bathrooms
Living Room
Dining Room
1 Car Garage Option
Cathedral Ceiling
Master Bed Downstairs
ETs- I can't get the photo to post, but it's a cute new build in a community.
Message edited 1/3/2006 1:05:24 PM.
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| Posted 1/3/06 1:04 PM |
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Diane
Hope is Contagious....catch it
Member since 5/05 30683 total posts
Name:
D
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Re: know anything about North Carolina real estate?
we are looking to relocate there too.
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| Posted 1/3/06 1:13 PM |
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NoStressMom
My Heart and Soul
Member since 5/05 11122 total posts
Name:
D
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Re: know anything about North Carolina real estate?
sounds like a nice lay out. check on the areas. you don't want to be to far in land. 10-25 min drive is perfect.
What about Raleigh? Chapel Hill?
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| Posted 1/3/06 1:17 PM |
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Suzanne
May the Force Be With You!
Member since 5/05 2083 total posts
Name:
Suzanne
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Re: know anything about North Carolina real estate?
We just moved to Raleigh (actually I am not there yet, DH is, but I will be at the end of the month). I can tell you that it is so affordable there but houses are going up as we speak.
I will be able to tell you more once I am there and dealing with it. We are going to be house hunting in a few months so I will learn all about it.
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| Posted 1/3/06 2:03 PM |
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BabyAvocado
Happy New Year
Member since 5/05 17334 total posts
Name:
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Re: know anything about North Carolina real estate?
My ILs live there and it is booming. They moved to a new construction community that is growing really fast about 3 years ago. The houses were going for around $120 - $140k back then.
They are in Kernersville, right in between Winston-Salem and Greensboro which are 2 fairly big cities. Plus, Dell is moving their headquarters there so I would say that's one area you should look into for investing. With Dell coming, I could see renting becoming a good option.
The builder of their community is
Pierce Homes of North Carolina. The website shows some of the communities they've built in, etc.
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| Posted 1/3/06 2:12 PM |
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nferrandi
too excited for words
Member since 10/05 18538 total posts
Name:
Nicole
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Re: know anything about North Carolina real estate?
Thanks so much everyone for the advice!
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| Posted 1/3/06 2:15 PM |
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meghanmetz
LIF Adolescent
Member since 5/05 525 total posts
Name:
Meghan
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Re: know anything about North Carolina real estate?
Posted by nferrandi
What do you think of this area:
North of Charlotte, NC in historic Statesville. . . only 15 minutes to Lake Norman and an easy drive to Charlotte, Hickory, Winston-Salem, High Point, Greensboro, and Mooresville via I-77 and I-40.
There seem to be some really good deals.
Model Information:
First Floor Plan
$117,990 - $125,990
Sq Ft.: 1,214
3 Bedrooms
2 Bathrooms
Living Room
Dining Room
1 Car Garage Option
Cathedral Ceiling
Master Bed Downstairs
ETs- I can't get the photo to post, but it's a cute new build in a community.
Personally, if I were trying to get something for a rental, I would go closer to Charlotte than Statesville, mostly because there are many many many more jobs in Charlotte and that is where I would think you would rather find a renter from. A statesville to Charlotte commute might deter people, especially on i-77 which is notoriously slow in the mornings before Exit 18 where the highway becomes 4 lanes.
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| Posted 1/3/06 3:04 PM |
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Janice
Sweet Jessie Quinn
Member since 5/05 27567 total posts
Name:
Janice
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Re: know anything about North Carolina real estate?
Posted by meghanmetz
Personally, if I were trying to get something for a rental, I would go closer to Charlotte than Statesville, mostly because there are many many many more jobs in Charlotte and that is where I would think you would rather find a renter from. A statesville to Charlotte commute might deter people, especially on i-77 which is notoriously slow in the mornings before Exit 18 where the highway becomes 4 lanes.
wow Meghan!! you have the local lingo down!!
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| Posted 1/3/06 3:10 PM |
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meghanmetz
LIF Adolescent
Member since 5/05 525 total posts
Name:
Meghan
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Re: know anything about North Carolina real estate?
Posted by Janice
Posted by meghanmetz
Personally, if I were trying to get something for a rental, I would go closer to Charlotte than Statesville, mostly because there are many many many more jobs in Charlotte and that is where I would think you would rather find a renter from. A statesville to Charlotte commute might deter people, especially on i-77 which is notoriously slow in the mornings before Exit 18 where the highway becomes 4 lanes.
wow Meghan!! you have the local lingo down!!
Next thing youknow, I'll be saying y'all
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| Posted 1/3/06 3:12 PM |
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Janice
Sweet Jessie Quinn
Member since 5/05 27567 total posts
Name:
Janice
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Re: know anything about North Carolina real estate?
Posted by meghanmetz
Next thing youknow, I'll be saying y'all
and fixin dinner we are in our final few months!! so excited!!
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| Posted 1/3/06 3:14 PM |
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