All Forum Posts by: Anvesh Reddy

Update: We bought a townhome in Indian Land, SC. Closing is in November. 

 We had pre-approval letter and we requested for renewal as it got expired few days back. The problem was high demand for the places we are looking for. We submitted multiple offers for a builder in Harrisburgh, NC we didn't found the opportunity.

The communities we are interested has a large vip lists and high bidding etc. Or they are in Monroe, NC or some far away areas. 

But we wanted to cool off a little with some temporary home while still fight for our dream home.

We moved to Charlotte 6months ago and started looking for a home but didn't find any home that we liked.

We didn't want to extend our lease as we know that our money is not building any equity.

Instead, we are thinking to buy some town-home/SFH which is ready to quick move-in and continue searching for our dream home.

At the given market, where should I temporarily buy a home that will go for rent and appreciate in future.

My budget for temporary home is from $250-$350k max.

Kindly, please guide us.

 @michael

 How do you find a local investment group?

@Kawthar Suleiman

Congrats..! Can we go to banks directly and ask them? And which banks would be investor friendly?

@Laura Shinkle

Thanks for your reply.

If you could start over, which are the places that you would tap in with the current market considering school districts are important in the next 5 years? 

Hi Pulkit, I moved to Charlotte area recently. I was looking for my first home in good area. But here the demand is high. Check with investor friendly agents may be they can guide you.

@Laura Shinkler

Thanks for replying to my question. 

Here are the thoughtful answers:

1. Why are schools important? Is it because you have children or you just want to be in 'a good school district'

A. We don't have kids now. But below are the reasons I think good school districts will bring us:

1) Grade A or A+ neighborhoods

2) Quick resale as high future demand

3) Rents are higher

4) May be appreciation value goes high.

2. What is your budget? That may completely eliminate areas of Charlotte even if they match your other criteria

A) Our budget is between $440's- $550's.

3. As a primary residence, where do you want to be? Ignoring that data, since you need to be happy living there. Also, if you want to be there, others likely will too (if you're looking for resale/tenant appeal).

A) I don't the areas much. But my preferences are below:

    1) Close to free way.

    2) Good neighborhood.

    3) Good back-yard.

    4) Appreciation value - buy somewhere the community just begins.

    5) Closer to uptown.

    6) Resale

    7) Good for rental.

   8) Calmer neighborhood with 5bed, 3+ baths with office space etc.   
             

Thanks @Christian Anderson

@Christian Anderson

 I will check those sources or websites.

Hi everyone, I am a first time home buyer. I would like to know which area/county close to Charlotte, North Carolina most people are moving to. I would like to buy my first home something closer to uptown with good school district. The metrics that I would like to know are population growth, median wage growth and employment growth to select an area.

Thanks in advance for your help!