120-150K starter homes and potential rental (Charlotte, Washington: rentals, neighborhoods)

[zenlife7]

Out of these neighborhoods, Washington Heights, Smallwood, Oakhurst, Biddleville, Seversville, Wilmore, Cherry, Belmont, Villa Heights, and Lockwood. Where would be a nice starter home in a fair neighborhood and would become a good rental after a year or so.

[CharlotteAgent]

All or maybe I should say most of those neighborhoods arew going through a change. Make sure you research each area well.

[DUKE1989]

The numbers do not add up for rentals. If you are thinking about buting and renting for a few years and then dumping for appreciation gains be careful. Historically many areas of Charlotte have not had great appreciation rates for homes this size through in the maintenance costs and you may not make much of if any gain.

[CharlotteAgent]

Duke,

What do you mean they do not add up for Rentals? Anything right now in minutes of Charlotte has a big "buzz" around it. You can drive around Washington heights and see the results happening. You can buy a home for around $50k or one across the street for $300K. Depends on where you want to enter!

[kmway]

I have a couple of friends who are looking at homes in Cherry and Belmont that they can keep for a few years and then sell as the area improves. These are all young men in their mid-to-late 20s; I don't think that as a young female I would feel comfortable in those areas. A lot of people did this in other areas that were "in transition" and made good money by doing so. If anything, it's a tax benefit to own, so there you go.