Why Charlotte is the Perfect City for Investment Real Estate Right Now

Why Charlotte Is The Perfect City For Investment Real Estate Right Now

Published On: December 13th, 2018Last Updated: June 17th, 2024Categories: Investing, InvestmentsTags: ,

Charlotte, NC is currently home to several Fortune 500 companies and nearly a dozen Fortune 1000 companies. For example, Charlotte is the home of Lowe’s, Duke Energy, and Bank of America. It’s the largest metro area between Atlanta and D.C. and boasts a projected population increase of 23.7 percent between 2014 and 2025.

Charlotte is expected to see a total of  Speaking of Fortune 500 companies, we expect to see at least 14 in total within the next six years as tech companies make their way to Charlotte. It’s a fabulous city with a low cost of living, so it’s the perfect place for real estate investing. Of all tech hubs in the U.S., it’s cost of living is among the lowest.

Another factor that makes Charlotte the perfect metropolis for real estate investing is that individual sectors in Charlotte have solid expected growth rates through 2025. In the decade ending in 2025, the Finance & Insurance sector is expected to see a 28 percent growth rate. During the same period, we expect the Health Care and Social Services sector to experience a 43 percent growth rate. Plus, in the Professional & Technical Services sector, we expect to see a 25 percent growth rate.

Charlotte offers significant amenities drawing in relocating millennials from around the nation and also offers rich historical architecture and landscaping. If you’re contemplating investing in real estate, consider Charlotte, North Carolina.

Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?

Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.