Invest in Charlotte Real Estate| Wholesale Investor Pricing on NEW Homes, Better than Foreclosures?
September 23rd, 2008 Categories: Real Estate Investment, Real Estate News
Real Estate Investors and investment clubs- This is Better than Foreclosures!
Charlotte NC| A unique opportunity to buy New Homes in Charlotte, built by major builders, at BELOW their Replacement cost… 10-20% Off their Original List…Sold rent ready, great returns for you, and for them it is all about getting the inventory off their balance sheets by year end.
The Charlotte Real Estate Market
Charlotte was ranked as the 2nd in a top ten list of city’s most likely to appreciate in the next 2 years according to Forbes.com. Standard and Poor’s Case-Shiller report has ranked Charlotte real estate as one of the top 3 major markets in the nation for 6 quarters, leading the nation in appreciation in 2007. (one of only 3 in positive territory) Once again of the 20 major markets, Charlotte led the nation in August 2008.
The Houses
All houses/townhouses are new and come with a one year (bumper to bumper) warranty, ready to rent including blinds washer and
dryers, and we have rental operations in place (for those who need it) to offer a turn-key service.
Here are the 3 key advantages as I see them- you may see more:
1) We have minimized your risk of potential price declines in the short term because we have negotiated prices at or below the Estimated Builder Replacement Cost at today’s cost of construction.
2) The New homes will offer significant positive monthly cash flow, with reasonable financing, see the table below.
3) With an acquisition cost under Replacement, and 10-20% off list, your investment is likely to yield more than 50% over the next few years, and you can easily figure double digit Cash on Cash returns from year one.
These are extraordinary returns, in what’s quite probably the safest market in the US. Charlotte’s historic appreciation rate of 3.5% per year (over 4% last year according to Case-Shiller) makes even larger returns possible…
Buy one or buy 10, investment clubs and bulk buyers welcome. Do the math, and I think you’ll agree that these are safer and better than foreclosures–and maybe an excellent parking space for your capital while Wall Street figures itself out too!
Here is a sample of whats available. Sign up for the email below for a full list, including builder and community, and our FAQ guide.
figures based on 20% DP, 6.25% interest only financing, TMRE/W&A prices 10-20% off retail
| TM/W&A | PRICE/ | Mo | |||||||||
| LOT | PRICE | SQ FT | SQ FT | Br | Ba | GAR | Hoa | Ins | TAX | RENT | +Cash |
| 71 | 188,230 | 2689 | $70.00 | 4 | 2.5 | 2 car | 21 | 40 | 188 | 1500 | 467 |
| 53 | 198,950 | 2842 | $70.00 | 5 | 2.5 | 2 car | 21 | 40 | 199 | 1600 | 411 |
| 144 | 126,279 | 1559 | $81.00 | 3 | 3 | 1 car | 22 | 40 | 126 | 1100 | 386 |
| 159 | 128,500 | 1583 | $81.00 | 3 | 2.5 | 1 car | 22 | 40 | 128 | 1100 | 384 |
| 251 | 139,515 | 1773 | $79.00 | 3 | 2.5 | 1 car | 22 | 40 | 139 | 1200 | 418 |
| 95 | 194,490 | 2777 | $70.00 | 4 | 2.5 | 2 car | 15 | 40 | 194 | 1400 | 341 |
| 97 | 185,425 | 2823 | $66.00 | 4 | 2.5 | 2 car | 15 | 40 | 185 | 1400 | 387 |
| LOT | DRHorton | ||||||||||
| 29* | 106,000 | 1227 | $86.39 | 2 | 2.5 | N | 20 | 30 | 91 | 900 | 317 |
| 30 | 84,000 | 987 | $85.11 | 2 | 2.5 | N | 20 | 30 | 72 | 750 | 278 |
| 130* | 104,000 | 1481 | $70.22 | 3 | 2.5 | N | 20 | 30 | 89 | 1000 | 427 |
| 135* | 106,000 | 1227 | $86.39 | 3 | 2.5 | N | 20 | 30 | 91 | 1000 | 417 |
| 136* | 104,000 | 1481 | $70.22 | 3 | 2.5 | N | 20 | 30 | 91 | 1000 | 426 |
| 141* | 106,000 | 1227 | $86.39 | 3 | 2.5 | N | 20 | 30 | 81 | 1000 | 427 |
| * End | |||||||||||
We also have options available in Atlanta and the Raleigh -Durham area of North Carolina, all strong real estate markets.
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We represent only you the investor on the Buy side of these transactions. I’ve been writing about Charlotte for the last 18 months, you can see the samples below, but the best Introduction to Charlotte, and to me, is the fact-filled and well received Introduction to Charlotte Video below- #1 on the You Tube Search for Charlotte NC with over 8000 views since last November. Please don’t hesitate to call me direct at 704-351-1519.
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