FlexBuy Homes offers Great Deals

in

North and South Carolina

We believe in the philosophy that the one of the best ways to build wealth is through single family homes. Our homes are easy to rent, they provide enormous tax advantage and they are appreciating in value every day which has been proven over and over again. What we provide is a Turnkey way to build wealth.

We offer great deals on properties in both North and South Carolina. Whether you are looking to purchase a property that has been completely, professionally remodeled for a great price or a property still in need of repairs at a wholesale price, we will work with you.

All major repairs on our houses are guaranteed for 1 year. If there is poor construction or damage, it will be noticeable within the first year. This greatly reduces your risk. We use highly qualified contractors that make sure the properties have been repaired to very high standards.

If you're a first-timer and have no idea where to begin, we're just a phone call away. We don't mind helping and we don't charge a penny for our advice. We just ask that you do your own due diligence and not rely solely on the opinions and advice of others.

Why should you own real estate in the greater Charlotte area?

The Charlotte region is one of the hottest markets in the country. From the down home Southern Hospitality to the hustle and bustle of an International City Charlotte truly has something to offer for everyone. The central location with mountains to the West and beaches to the East, undervalued home values, low unemployment, an expanding financial sector, stable job growth, mild climate, professional sports teams and International Airport have people migrating to the area by the tens of thousands every year.

As home to Bank of America and Wachovia it is the second largest financial center. With a large number of people moving to the area and the continued economic, financial and business growth the area is transforming from a blip on the map between Raleigh and Atlanta into a desirable location for families, businesses and visitors alike. The area has become a magnet for smart growth and development with big names like Donald Trump and David Murdock showing an interest.

Charlotte is one of the last major cities in America where small, medium and some large houses can still be purchased for under $200,000. As the population increases it will only be a matter of time before homes here begin to sky-rocket in value. Smart investors will want to own as many properties as possible before that happens.

This is a great time to purchase income producing properties!

A golden opportunity has developed with the recent changes in the mortgage industry. Because less people can qualify to purchase homes there are more renters. As Adjustable Rate Mortgages continue to adjust up more people are losing their homes to foreclosure which in turn leads to more renters. The result is higher rents. If you still have good credit you can take advantage of great deals on properties and let your tenants make the payments for you.

You do not have to be a genius to become wealthy in Real Estate. All you need is a good credit score, a stable job, time and some common sense. If you have those things you can use leverage to buy your property by obtaining a low interest loan to get the money. That's the best kind of money...someone else's, that you use to create wealth. Best of all your loan is being paid back by someone else while while your investment is appreciating in value every day.

Whether you buy one property per year, or one property per week we will work to help you grow your portfolio of income producing properties. Once you purchase the property you will be receiving a rental check and making a mortgage payment. That's basically it. If you have the rent directly deposited in your account and the payment drafted from your account then you just simply watch your equity grow year after year. If you buy 10 properties then you are virtually guaranteed to be a millionaire in 20 years. Less if you are willing to pay a couple hundred dollars each month to finance the properties for 10-15 years instead of the typical 30 years.

Other Rental Property benefits (besides getting rich over time) include:

1. INCOME - Rent revenue pays for the property . Your tenant is paying you enough to pay your mortgage payment plus some extra. Aim for positive cash flow, but be willing to endure some negative cash flow because you're more than making up for that negative cash flow through the appreciation on the property.

2. DEPRECIATION & OTHER TAX BENEFITS - Depreciation is a non-cash expense, and can be used to offset income from other sources. That's a tax shelter. If the time comes when you want to sell your rental property, the gain is only taxed as a long-term capital gain at about half of what your W-2 income is taxed. Also, there is a tax benefit called an IRS 1031 tax exchange. It's long and complicated so I won't go into it here but the brief summary is that you may never ever have to pay taxes on the gain you make on a piece of rental property.

3. EQUITY BUILD-UP - Sooner or later, the loans on all of the property you own will be paid off, and after that, it's just taxes and insurance. I recommend that everyone, even people that absolutely abhor the idea of being a landlord, own at least 4 rental properties. At some point, those properties will be paid off and you will be receiving rental income every month. So, even if social security goes bankrupt and you lose every penny in the stock market, you will have, at a bare minimum, 4 properties paying you income each and every month. Imagine where your parents would be right this minute if they owned 4 rental properties outright that they bought 20 years ago. They could mortgage them and have a ton of cash. They could sell them and have a ton of cash. They could just hang out and collect the rent check every month for a steady stream income.

4. APPRECIATION - Each day houses are worth more than they were the day before. The stock market is volatile, while real estate tends to be stable. When home sales are slow, prices tend to be flat, and when the market's hot, prices tend to jump up, but it's almost unheard of for prices to decline. That is unless the prices shot up to unsustainable, unnatural and unrealistic values.

5. LEVERAGE - Leverage is the ability to use other people's money to control a large asset. It allows you to acquire and control huge dollar amounts of real estate without having to have a lot of cash. Small houses allow you to do an entire transaction in less than 60 days and have $10,000 more in cash by the time you're done with it than you had before you started it. By using the tax deferred exchange technique that I mentioned above, you can move from property to property always leveraging on someone else's money and never have to pay a dime in income tax.

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