In many cities across America, rental markets are booming. Charlotte, North Carolina is no different. This vibrant, bustling city has a healthy rental market, but there are property bargains to be found there too.
This makes it the perfect place to make some smart real estate investments. So, what are the Charlotte, NC areas that are best for real estate investing? And what kind of investment opportunities are on offer here?
This guide will lay out everything you need to know. Read on to learn the best areas in Charlotte, NC to find lucrative investment properties.
Types of Investment Properties
In order to determine where to invest, you'll need to know what type of property investment you want to make. There are several different types, and the one that's best for you will depend on a number of factors.
You can purchase a rental property and take on tenants, invest in a commercial property, or purchase a piece of land. You can also choose to invest in a REIT or even flip a house if you don't mind taking on a project.
The type of investment property you choose will depend on how hands-on you want to be, and the type of money you have to spend. Rest assured, there are tonnes of great Charlotte investment opportunities for each type.
Where to Invest in Charlotte
If you want to become a landlord and purchase a rental property, there are several Charlotte suburbs you might consider. India Hook, for example, is considered a great place to live, and median house prices are a little over $160,000.
There's also the slightly larger Belmont. Here house prices average at around $180,000, and the school systems here make this a popular choice for both families and young professionals.
South Park is another solid choice. Due to the various companies that are located in the vicinity, there are many workers in need of homes. This makes South Park a great place to purchase a rental property.
If you're looking to buy commercial real estate, there are also lots of options. Of course, downtown Charlotte has lots of commercial real estate investment opportunities. However, many of the suburbs also have their own smaller locations and even office blocks.
Any area close to the University campus will always be in-demand, no matter what type of property you're looking to invest in. The North Davidson neighborhood (also known as NoDa) is a popular cultural hub with plenty of old properties that could be perfect for flipping. Visit this page to learn about passive income through real estate investing. https://www.carolinaspropertymanagement.com/blog/how-to-earn-passive-income-from-real-estate-investing
The Best Charlotte NC Areas for Real Estate Investing
We hope this guide has opened your eyes to some of the amazing investment opportunities that Charlotte has in store for you. Be sure to do your own research, to uncover even more Charlotte, NC areas that might have the perfect property for you. In order to learn the top 4 myths about real estate investing that could be preventing you from reaching your financial goals, click here.
If you're looking for real estate investing tips, local knowledge, or some help with managing a property, we're happy to help. Get in touch with any questions you have about Charlotte real estate today!
