Rental Property areas-Charlotte,NC

[Roni Amiala]

what are few locations in Charlotte, nc to buy a rental property that gets steady renters and good home appreciation down the line? This is my first rental property investment. Maximum  budget for buying a rental property would be 150k. I am familiar with University area and Ballantyne. Are these good locations to buy a property and rent out? How is the home appreciation value in these areas? Does these locations attract renters?

[Gregory Walter]

Asking which areas will offer steady appreciation is like asking which stocks will appreciate.  You can form an educated opinion based on trends but throwing darts at a board may prove to be more accurate.  The problem with the hot areas it that the future growth may already be priced into the purchase price.  Areas fall into favor and out of favor for very unpredictable reasons.  No one has a crystal ball.  Everyone buying on the merit of anticipated appreciation is speculating.  On a side note, I am speculating that Charlotte will continue to do well overall due to population growth and the value it offers in terms of weather, location, lifestyle relative to other cities.  I speculate in neighborhoods based on infrastructure projects and changes in demographics but changes are often times unsteady and I know that if I pick 10 different areas to buy in, some will do better or worse than I expected.