All Forum Posts by: Michael Winans

@Michael Winans  You'll have to know what will be lake front which might be easier said than done given they have to flood some of the land.  Look for larger pieces of land with the potential to subdivide and build multiple homes.  Think about water access as well-a gentle hill vs flat land.  

You could also look to buy existing homes as there will be people moving their for work.

I live on Lake Norman a client of mine just asked me to price his lakefront property a little bit over 1 Ac with and a bungalow on in. He portages the lot in the 80th as a weekend getaway. Researching the price I noticed on the deed that he paid only $10,000 for the lot in the early 80th. Today we can add a few 0 

I've seen that place on the news and was thinking along the same lines. I just moved out of state and live on a man made lake and this has become the hot spot of the entire state. Think about Lake Havasu (man made) and Lake Norman (man made) in Charlotte, NC - they are the 2 top rated large lakes in the country. I would love to take early advantage of that new lake as well. It'd be a long game for sure. Every purchase will also be a new build (unless you want to go and construct a house on an empty lot) so you won't find a deal probably, but will just have to sit on a property as appreciation and the economy around it grows. Find a new subdivision with few or NO HOAs if you plan on using the vacation rental strategy.