Investor's Corner
I love working with investors in real estate, because I started out in real estate as an investor myself before obtaining my real estate license. I will work with investors of any level of experience: from seasoned investors to beginners tired of trusting Wall Street with their money and looking to make money on Main Street instead. Why trust a stranger in New York to make you money when you can do it yourself? Throughout history, people have controlled their wealth through real estate: such as the Senators of the Roman Empire, nobles of medieval Europe, or the Shoguns of Japan. You too can earn wealth by purusing real estate investments.
There are many ways to make money in real estate, including just buying your own primary residence. Buying real estate provides the chance to capitalize on appreciation in value. Single family homes typically appreciate 2-4% a year-- but 4-6% for the Fayetteville and surrounding area. Real estate also provides tax deductions: four for a primary residence (first year only then down to two each year after) and over ten for an investment property. The government encourages investment in real estate through these additional deductions for investments. Over time, a property acquires equity from appreciation and through paying down the mortage. Additionally, a loan is worth less in the future due to inflation, so you owe the bank less over time due to inflation.
Besides purchasing your own home, you can also purchase investment properties. You can buy and hold them (rent out to tenants), do a rehab (i.e. the "flip"), or purchase commercial properties to rent to businesses or sell later to other investors. Purchasing foreclosures provides one of the best avenues to purchase properties for less than they are worth. Foreclosures are normally priced well below actual sales value, so you can make tens of thousands of dollars from day one of owning such an investment property. In the Fayetteville/Fort Bragg area, we have a lot of Department of Veteran Affairs and Fannie Mae Foreclosures, in addition to other bank owned or REO properties.
There are definitely many risks involved in purchasing foreclosures or any investment property, from repairs to legal issues. However, I can teach you how to mitigate those risks as best as possible to maximize your profits. It is not uncommon to invest 6 or 7K in return for 25K of profit (or more) on day one of a purchase with the long term potential to further grow that initial profit. Think how many months of work at your current job that it would take you to earn the same 25K! This is just one of many reasons to consider investing in real estate.
The Fayetteville, Fort Bragg, Raeford, Sanford, Spring Lake, and Hope Mills area of North Carolina provide an outstanding opportunity to invest due to the unique characteristics of this local market. I specialize in finding investors the best deals on the market here. With the network I have built, I often hear about properties for sale first before any other agent or investor.
Please contact me for more information on these opportunities. My goal is to assist you achieve your goals in real estate. Let me help you every step of the way!
Regards,
David
p.s. there are many so-called real estate gurus out there. I like this one website to provide some objective balance to what various experts claim. This website can help you further educate yourself on all the many different ways to make money in real estate.
