OwnAmerica Investment Certified

 

 
919 388 4832 Lingardk@hpw.com
 
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Investing in Real Estate is Not for Everyone!

But it COULD work for you.

Investing in real estate is not an easy option, but the potential rewards are there for all to see. Unlike many investment plans and opportunities real estate investment is active not passive investment, this means you have to work at it! If you are looking for a 'Get Rich Quick' scheme you are in the wrong place, please stop reading and go someplace else. Real Estate investment is long term, think about income in retirement or providing a college fund - "Have a Kid, Buy a Townhome"!
 
The key to making the right investment decisions is knowledge. An investor needs a knowledgeable Financial Advisor, knowledgeable Real Estate Agent and personal knowledge about investing in property. Most people reading this will not have the knowledge and confidence required to take the step into real estate investment. For this reason I am offering this free, online, course of study from OwnAmerica. These video based classes will show you the basics and give you access to the tools to help you make good decisions in real estate Investing.
 
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On successful completion of the online course you will learn to use and get access to a number of tools including the Case Study Calculator. Click on the graphic to the left to get a preview.
 

Is the Triangle a Good area for Real Estate Investment?

The simple answer is YES! There are over 100 people PER DAY moving to the Triangle, Wake County in particular, the map from Forbes shows net in-out for Wake County. Black lines are those moving in, red those moving out. Many of these people relocating will be looking to rent homes in the Triangle. Some will have the natural inclination to 'find their feet' before committing to buying a home, others will have to sell homes where they are coming from and some may be grads coming for their first jobs. All of these people (mainly professional) will be looking to rent in the short or long term. RTP is the biggest research park in the USA, the firms there, large and small are bringing in new staff on a regular basis.

The other factor is affordability and the high rents relative to sale prices of homes in the area.

Where is the Best Area To Invest?

Great Question! We need to ask a number of questions to establish what you would be comfortable with in terms of tenant and risk and reward. There are three definite different types of tenant and the areas geographic areas they rent in are fairly well defined. There are professional people who are renting on a temporary (probably 6 - 18 months), these people want a good standard of accommodation, normally with an easy commute to work. As most people in the Triangle work in or around RTP the logical location is the 540 and I-40 corridor. The risk with this group is relatively low and ongoing management is generally minimal. With the preponderance of Universities in the area the second group are students, obviously they want to be as close to campus as possible, there may be periods of vacancy due to the school year, management and maintenance are likely to be factors to consider. The third group is those renting for socio-economic reasons. There are certain areas, particularly Raleigh and Durham, where this kind of tenant is predominant. Because house prices in these areas are relatively low the potential rewards are high. The management however can be pretty much a full time occupation and many management companies will not touch this type of rental.

Which is the Best House To Buy?

The obvious answer is a cheap one! We have all heard in recent years about REO, Foreclosures, Short Sales etc. and it is true these do often represent bargains. The problem with only targeting distressed home is that they are probably not in the best areas to achieve optimal rental income. In areas close to RTP, Morrisville and Cary for instance foreclosure rates have been very low. The real art of getting the right investment home is the balance between the price you pay and the potential rent. Other factors such as vacancy, maintenance requirements and mortgage rates are also important considerations. New homes can be really good investment prospects. Determining what is the right property for you requires collaboration between you, the investor with knowledge from the OwnAmerica classes and your experienced Real Estate Investment Professional.

So How Do I Get Started?

Call Kevin - 919-349-0096, have a talk and see if real estate investment is right for you and how he can help you get the best return on your investment to mee your long term financial goals.

Multi Family Investment Property for Sale:

Cary
Raleigh
Durham
Chapel Hill

All investments carry risk of loss of principal and/or negative cash flow. Neither Coldwell Banker Howard Perry and Walston or Kevin Lingard can make or fulfill a guarantee of appreciation, cash flow or a return on my investment.

Historical performance data presented for an investment property or investment market is not indicative of future results and is presented for analysis purposes only and should not be relied upon in making an investment decision.

 

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Information on this page deemed reliable but not guaranteed. All material Copyright 2012, original content and site design by Kevin Lingard other material used with consent, Raleigh, Cary, Apex, Morrisville, Chapel Hill, Durham, Holly Springs and Fuquay Varina city information by New Movers, Photos by Coldwell Banker Howard Perry and Walston. Real Estate Listings from Triangle MLS search by IDX Broker.

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Kevin Lingard REALTOR

Coldwell Banker Howard Perry and Walston
100 Connemara Drive Cary, NC 27519
Phone: 919 349 0096
LingardK@hpw.com



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