It
does appear that the market has cooled slightly and inventories have crept
up a bit. There are 20 properties on this October 14, 2013, Charlotte area
real estate investor suggestion list. As always, I have tried to pick a
cross section of properties covering various areas and focused on a range
of investor strategies. Click on the link below to view the full MLS
reports for each of these 20 homes.
Let me take seven of them to summarize below. By singling these seven out,
I am not identifying them as "better" values than the others.
That would be an oversimplication. Again; investor goals and stategies
vary. Some of these will suit one type of objective (e.g. "fast
flip") while others will be more suitable for other objectives (e.g. "buy-rent-and-hold").
There are a few short sales, which I find often to be a waste of time and
effort. And there are many REO's. Here are summaries of a few properties on
the list:
#9 on the list - MLS 2181834 - 4BR/2.5BA VA REO in the Monclair subdivision
(older more established area, closer to Uptown); listing price is $88,000
with a tax value of $126,000.
#10 on the list - MLS 2182015 - 3/2.5 townhouse in the amenity-rich Taylor
Glen subdivision in Indian Trail; priced at $126,500 with a tax value of
$146,860 and HOA dues of $165/month.
#11 - MLS 2163306 - 3BR/2BA Fannie Mae REO near Huntersville on .66 acre
lot; listing price is $139,900 with a tax value of $164,400.
#13 - 2182732 - 4BR/2.5BA Fannie Mae REO in the Starmount subdivision (near
South Blvd. and light rail); priced at $139,900 with a tax value of
$177,800.
#14 - 2162256 - Nearly new (built 2010) 4/2.5 in Dallas (near Gastonia),
this REO has been reduced to $130,900 with a tax value of $169,079. If this
large, nearly new home rented for only $1,250/month the gross yield on a
$130,000 purchase price would be over 11%.
#15 - 2183945 - 3/2.5 in Indian Trail priced at $119,000 with a tax value
of $165,440. There are apparently already multiple offers on this property.
#19 - 2169714 - 3BR/1.5BA in zip code 28212 (NE Charlotte), this
"fixer" has been reduced to $56,000 with a tax value of $90,200.
As always, if you have any questions about any of these, let me know.
Click the Hyperlink below to link to and view property listing(s) of
interest. If after clicking the link, your Internet browser does not
launch, right click on the link and Copy the Shortcut. Then paste the
Shortcut into your browser's Address Field.
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
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