September 28, 2020
How to Find Hidden Gems for Investment Properties
Investment properties, whether you’re choosing short- or long-term rentals, will always be a big part of the WNC landscape. As the cloud of the novel coronavirus begins to lift over time, vacations will start back up again in our mountains. People will move in and out of the city. So how do you find those hidden gems? Here are a few tips to help you look outside the box.
Look Outside the Asheville Zip Codes
Asheville has been booming for a long time. The pandemic might change the housing inventory for a while, but it can still be expensive to move into one of the Asheville zip codes. That’s why looking outside of Asheville for investment properties in nearby, but still commutable areas may be a great bet.
Some places to look can include:
- Bent Creek
Listen for Great Deals
Another trick to finding the right place to buy is just to listen for good deals. Friends, family, acquaintances, or anyone you meet might give you some insight on places they believe are a good fit. It’s always worth checking out those leads.
Another important factor for buying an investment property is patience. Unlike buying your permanent residence, which can sometimes come with a sense of urgency, a rental property doesn’t need you to jump as fast. You can take your time looking for a really good deal.
Long- or Short-Term Rentals
In the Asheville area, of course, it’s also important to consider what kind of investment property you want to buy. We’ve explored these questions in the past, so we encourage you to take a look back.
Keep in mind that some things have changed, so always do your research and due diligence.
Are you looking for an investment property in the Asheville area? Call GoPrime Mortgage of West Asheville, 828-348-1907, to learn about your financing options today.
If you want to take the first step to buy a house or refinance, call Zachery Adam at GoPrime Mortgage in West Asheville today.
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How we can help you
Although labeled an independent mortgage lender, GoPrime Mortgage, Inc. is not a one-man operation. Zachery Adam and his Team has the support of a streamlined operation, with professionals who assist in every phase of the loan process. His team includes an appraisal vendor, loan processors, underwriters, closers and even the CEO or president if needed. When you choose to work with Zachery, you get the support of his team as well.
It’s important to Zack that he and his team are approachable and can provide assistance to home buyers who are often inundated with misinformation about the financial picture and mortgage options. In an automated culture reliant on digital communication, it’s time to put the human element back into these conversations. He could never be behind the scenes.
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862 Haywood Road Asheville, NC 28806