Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

By: Chad Carson “After a couple of bankruptcies, even the brightest stars soon discover that ‘Nothing Down’ leads to ‘Nothing Left’.  Feasible financing is the key to real estate cash flow and wealth.  This is best obtained from motivated sellers ...

Tagged with: Investor's Corner

  Use of leverage (debt) is an integral strategy for many real estate investors. But in my experience, misuse of leverage is the #1 reason investors lose money.  I have some negative cash flow “scars” to prove this from my ...

Tagged with: Investor's Corner

Part 1 of 2 Now, don’t get me wrong. I have no guilt or problem with earning and accumulating money. Not having money doesn’t make you a better person, either. Buy my point is this: Will we ever really have enough ...

Tagged with: currency

There are no shortcuts to worthwhile results in real estate or in any business. The formula that you can’t shortcut is this:   VALUE in = RESULTS out So, if you want more results (i.e. deals, profits, income, long-term wealth), you ...

Tagged with: Investor's Corner

  I had just graduate from college, and I decided a more traditional career (medical school in my case) wasn’t for me. I didn’t have any college debt thanks to a football scholarship at Clemson University. But I also had ...

Tagged with: Investor's Corner

  Is your local real estate market hot? Are good real estate deals getting harder to find? If so, you’re not alone. But this isn’t a new problem. The times when it’s easy to find real estate deals are the ...

Tagged with: invest

Real estate is a flexible financial tool. Depending on what you need, it can become a job, an investment, or both. Here’s the difference: Job – you want or need to use real estate for current income (i.e. to pay the ...

Tagged with: Investor's Corner

  Nothing in the world can take the place of persistence …The slogan Press On! has solved and always will solve the problems of the human race.”        – Calvin Coolidge Even if you fixed the first four ...

Tagged with: Investor's Corner

  The first step is to set a goal for the number of free and clear houses that you want to own. Work backwards into this goal by first setting an income goal and then asking how many free and ...

Tagged with: Investor's Corner

  Balloon payments occur when your loan has a maturity date before it is completely amortized.  For example, your loan could amortize over 30 years, but your lender could require you to pay the outstanding balance at the end of ...

Tagged with: beware balloon payments