Jeannie Niles Real Estate Investment
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Charleston, South Carolina
I had the pleasure of visiting Charleston, South Carolina this past week. I was touring the historic downtown area, viewing beautiful Victorian homes with shutters, delightful gardens and cobblestone driveways.
When I asked the tour guide about real estate values, he proudly answered that the average home price in Charleston is $189,000, one of the most affordable in the USA. Since I am used to the values in San Diego and Palm Springs, I immediately began contemplating purchasing some of these awesome properties either to live in part time or as an investment. I could handle living in this area.
Then I started looking at actual homes in the historic area. The lowest price I located was a fixer for $1,500,000. Most of the homes were $2,500,000 to $5,000,000. After doing additional research I discovered these homes are very pricey because that’s where everyone wants to live.
Sound familiar? That’s why Southern California Real Estate is so valuable.
It’s where everyone that can afford it wants to live. AND Charleston I’m told has 105 degree temperatures in the summer with humidity!
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Income property has once again become “Income property”.
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There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
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It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
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Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
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Cap Rate is the best tool for determining the value of an income property.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
