25 New Properties in this Edition of Charlotte Area Real Estate "Best Buys" - Investor Suggestion List for September 19, 2013

It's that time again.  Here is the latest edition of my Charlotte area real estate investor suggestion list. This one is packed with 25 properties, so I just don't have the time or space to summarize each property. Suffice it to say that no property would be on the list unless my initial review indicated it was worth further investigation. Some will appeal to "fast flip" investors. Others are better candidates to generate good rental yield. Some are located in more stable areas and are assigned to top-performing schools, minimizing "investor risk," but also commanding a generally higher price. Others are offered a great discounts against tax assessed value or anticipated ARV, but are located in less desirable areas. But they all make the list for a reason or several reasons. I will let the MLS reports accessible via the link below speak for themselves. Look at listing price vs. tax value. Look at area... look at schools (if they are indicated in the reports.. although many REO's do not list that information)... look at year built... view the photos. And if you have questions, please don't hesitate to contact me. A few examples of things that may not be readily apparent as you view the reports: Item #3 on this list: MLS #2162515 - this is a 4BR/2.5BA in the Potter's Trace community, Union County. Note that this home is assigned to top-performing Wesley Chapel Elementary, Wedddington Middle and Weddington High School. Anyone who knows the area and these school assignments probably knows that it is difficult to find a home assigned to these schools for under $300,000. This home is listed at $189,900. #5 - MLS 2178081 - 3BR/2BA in Waxhaw on 1.62 acres for under $100,000 ($95,000 LP) with a tax value of $128,280. #6 - MLS 2178121 - 3BR/2.5BA townhome in Beverly Crest. Most townhomes and condos don't make such good investment properties because HOA dues cut too deeply in rental yield. But this one offers an interesting mix of mitigating factors: HOA dues are only $155/month; prime South Charlotte location; top school assignment (Elizabeth Lane Elementary; S. Charlotte MS and Providence HS). It is listed at only $126,500 and has a tax value of $134,000. Due to the above "mitigating factors," I think this one would rent quickly at for a decent yield, and there is also potential for upside upon resale. #10 - MLS 2171420 - 3/1 in Starmount (near light rail; older working-class area); these homes are often configured so that it is not costly to add a bath. This one is priced at $75,000 with a tax value of $140,700. It could be a nice fast flip. #12 - MLS 2042824 - This is a duplex, also in the Starmount community. It has two 2/1 units and the listing states that both are rented at $625/each. Listing price is $144,000 with a tax value of $197,700. Gross yield should exceed 10% here, and there should be some equity immediately at purchase. #20 - MLS 2179416 - This is a 3/25 in a stable Matthews neighborhood, assigned to good schools (Mint Hill MS/Butler HS). It already has in place some significant renovations upstairs, and it is priced at only $84,900 with a tax value of $116,900. It would probably be both a good fast flip and a good buy-rent-and-hold property, depending on your goals. Again; the above are just some examples of the reasons I place these properties on this list. By singling them out, I am not saying they represent "the best" of the properties on the list. I would strongly suggest that you review each report in the context of your own goals and investment strategies. Please contact me with any questions. XPROP - Customer Eric J. Dorer, B.S., J.D. NC/SC Broker/Realtor® Eric J. Dorer Real Estate 2740 Oxborough Drive Matthews, NC 28105 Tel: (980)875-0950