Our topic today deals with a question I get asked all the time. The one thing investors are always asking is: Where should I buy?
There is not necessarily a single answer to that question. A good property manager can show you different areas that are up and coming in the rental market, but more important is your overall investment strategy. We focus on the big picture.
Think about your retirement plans. When you invest for retirement, you diversify your funds. You don’t want to put all your eggs in one basket. We approach your real estate investments with the same mindset. At Charlotte Homes and Rentals, where you buy your properties depends on what you want to do and how much you want to invest. We take a look at your whole portfolio before we begin making recommendations or showing you promising investments.
We start by finding out how much property you currently own and how much you want to own. Then, we help to leverage your risk. For many of our investors, it’s not a good idea to buy only single family homes that you’ll turn into rentals. If you want to buy just one property, a single family home in south Charlotte might be the right answer. But if you want to diversify, you might want to add to that single family property and buy some multi-family units or condominiums that can be found all over the city. We advise you to spread it out and we show you how to maximize your investments.
To help you buy the right properties, we take a look at what you want to achieve. We consider whether you want only short term returns or long term returns as well. We’ll ask you if you plan to hold onto your property indefinitely or if you will likely want to sell it in the next five to 10 years. All of that is taken into consideration when we sit down with you to plan out your real estate investments and determine how your properties will fit into your overall investment strategy. We’ll do this with you regardless of the amount of money you plan to invest and regardless of the types of plans you have for these properties.
When you want to invest in residential property, please contact us at Charlotte Homes and Rentals. We look forward to helping you.