Charlotte Real Estate Investments: 4 Ways to Make Money
Now is a great time to get into the Charlotte investment real estate market. Not only does investment property give you a real tangible asset for your portfolio, you can also get Charlotte real estate investments at great prices right now.
Here are four ways to make money from Charlotte real estate investments that you may wish to consider.
Rental properties: Not everyone enjoys owning rental property, but it is one of the most profitable ways to make money from real estate. Rental properties give you a constant residual income that lasts as long as you keep the property.- Flipping: While the house flipping craze of the 80s and 90s cooled down with the current mortgage and housing crunch, for serious investors who take the time to know what they are doing, it is still a viable means of making money in real estate. This is typically a shorter term method of real estate investing.
- Rehabbing: Buying a house to live in while you fix it up and resell it is similar to flipping, except that most rehabbers take longer to renovate the home, and use it as their primary residence while doing the work. There are three reasons this is a more comfortable way to flip Charlotte real estate investments. First, you have a place to live and don't have to pay a mortgage on another property. Second, you don't have to feel as pressured to sell in a short period of time the way you do a flip. Third, you may receive all the homeowner benefits like tax breaks and no capital gain tax.
- Subdivide: This form of investment requires a little advance preparation and investigation. When you discover a sizeable piece of land in Charlotte at a good price, find out if it is zoned so you can subdivide it. If it is, you can profitably sell off individual parcels to those who want to build on it.
If you would like more information on ways to invest in Charlotte real estate that makes sense for you, I can help. Phone or email me today.
(THE best Charlotte home search available - no kidding!)
Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310
