NC Real Estate
After last year summer vacation to North Carolina, I am so close to pulling the trigger and buying a piece of property in North Carolina. I have done some research and from what I have seen so far, is the Wilmington NC real estate is definately a good investment. It all makes sense. The way I see it, I can invest in some property now, because prices there are not as expensive as they are in the Los Angeles area, and either rent it out or even use it for a summer home.
If I am able to rent it, the income from the rent will definately cover the monthly mortgage payment of the property. This way the only out of pocket money coming from me will be the down payment. And, if you do the calculation on the return on the investment, using the present value of the amount of cash I would lay out for the down payment, versus the property value in about 5 years, its equivalent would be a rate of return of about 45%. Now what kind of bank can you find that can provide the same rate of return for an investment?
Now if I can not rent out the property, I will use it as a summer/winter vacation house and spend our family vacations there. The kids would love it because they will be close to the water and I would enjoy the local golf. So the way I see it, Wilmington NC real estate is a win win situation all the way around. Additionally, I can even eventually retire there in a property that is paid off. I really can not see a down side!!!!