HUD Homes and Foreclosed Homes Define your Investment Portfolio
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Real Estate Investment Properties - Investment Corner for Real Estate Central and BK Realty Central Helping You To Define Your Nest Egg and Investment Portfolio.
Foreclosures have for a long time been a great way to invest in Real Estate and probably now more than ever. The Charlotte area leads the nation with loans going into foreclosure resulting in plenty of Hud's, Freddie Mac's, Fannie Mae's and VA's.
- FHA loans that are foreclosed become HUD properties (government owned) because they originated as government insured loans. These properties are bought through an online bidding process by a HUD approved broker.
- Fannie Mae and Freddie Mac's are also government insured but originated as conventional loans. The purchase process differs in these transactions. There is an offer which starts a traditional negotiation process.
Our company REAL ESTATE CENTRAL is approved by HUD and the other government agencies to represent our investor clients in purchasing foreclosures.
We have been assisting investors in acquiring these homes as well as homes on the regular market for over six years. If you are looking for a HUD home we are
Jennifer 704-200-3021 **** Barbara Keefauver 704-609-8139
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Investors Corner
Appreciation Data
Quarter: 1.90%
1 Yr: 7.88%
5 Yr: 22.68% |
Housing Data
Population: 1,474,734
Median Price: $198,300
Housing Units: 292,780
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As national home sales have fallen over recent years, Charlotte home sales increased 24% comparing June 2005 to June 2006. The average price of a Charlotte home has increased 12% on 2006 to the current price of $240,213. Investment properties can be had in the $135,000 range, giving investors the ability to get near-even cash flow with 10-15% down-payment. Charlotte is poised for a significant growth period. Mecklenburg County's population is projected to increase 19.3% by 2010 and 42.4% by 2015. Vacancy rates are down and should continue to tighten over the next several years. Charlotte investment is great for 1st time investors or those that like to hold on to their property for while. Buy and Hold.
Charlotte is not like other boom cities we have read about but a city that is home to many large employers, education institutions and is becomming popular as a retirement destination, creating needs and opportunities for home buyers, renters' and investors. Regardless if you are just starting your investment portfolio or have one already and need to add to it. Maybe you are interested in learning more about investments in the Charlotte area and investment clubs.
http://morrisrealestatecentral.com/idx/
Click the above link to take you to search the MLS listings in
the Charlotte and surrounding area. Contact me with any questions.
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