Making Money In Real Estate

If you want to get into investing in real estate it’s pretty simple to do actually and a smart move at this time. Interest rates are at their lowest ever now and there are lots of properties on the market for sale. Right now is what is known as a “buyer’s market” because there is so much to choose from.

Recently, I was looking at Charleston SC real estate in the hopes of finding something inexpensive that I could use as income producing property. Sort of like a cushion to get me through until retirement. It would be an investment for me with the idea that I would sell it in 5-10 years and (hopefully) at least double my money on it. The way I figure it, the economy can’t say depressed forever. It’s going to eventually come back and by then it will be too late to run out and buy Charleston SC real estate because the prices will have climbed back up out of my range by then.

This sweet little house in North Charleston is what I’m seriously considering. It’s actually a little duplex and is listed at $20k. One side has one bedroom and one bath and the other has two bedrooms and one bath. With a little work and some foundation gardens added it would be quite cute. It was built in 1940 and offers up 1,229 sq ft. Being within walking distance to stores and school, I think this would be great as a one family home with 3 bedrooms and 2 baths.