Real Estate Investment Newsletter December 2006

Charlotte Makes Headlines

Charlotte in 2026?

"The Charlotte Chamber foresees 100,000 people living in the center city and 4.2 million in the metro region in 2026.

Charlotte is expected to have nearly twice as many Fortune 500 firms, more than twice as many people over 50, almost double the number of public school pupils and triple the amount of office space."

- The Charlotte Observer,
October 24, 2006
 Click here to view this article



Single-family Home Prices Rise

“The average single-family home in Mecklenburg County sold for $240,611 during the first half of 2006, up 6 percent from the same period last year.”

-The Charlotte Observer,
September 23, 2006


Charlotte Sees Tightening Vacancy Rates


“The vacancy rate in the Charlotte market – which includes Mecklenburg, Union, Cabarrus, Iredell, Gaston and York counties – was 6.8% in August, down from 8.8% in February and 8.2% in August 2005.”

- Charlotte Business Journal,
November 10, 2006

Click here to view this article




Charlotte Plans For More Retirees

“For every 55-and-older home already occupied, at least four are planned … according to an Observer analysis.”


-The Charlotte Observer,
September 16, 2006

Publication Touts N.C. Business Climate

"North Carolina’s business climate is the best in the nation this year, according to the latest survey from Site Selection magazine."


- Charlotte Business Journal, November 2, 2006
Click here to view this article


Learning Annex - Chicago

Over the past two months Calloway Investments Inc has been exhibiting at The Real Estate Wealth Expos held by The Learning Annex in Chicago, Anaheim and New York City featuring keynotes Donald Trump, Robert Kiyosaki, Suze Orman and many other experts in the fields of real estate and finance. At these events we are able offer our unique income property ownership program to people throughout the county. As you can imagine, the response has been overwhelming.



Charlotte area first in Economic strength


"POLICOM, which studies the dynamics of local economies, has ranked the Charlotte metropolitan area first in economic strength. The POLICOM study calculates growth rates, consistency trends, industry averages and other factors for metropolitan and micropolitan areas."

- POLICOM.com, 2006



80,000 Newcomers to
Charlotte Each Year


"There is a new number in town: 80,000. That’s how many new comers from outside the Carolinas move to the Charlotte region in a year, an Observer analysis of new data from the American Community Survey shows."


-The Charlotte Observer, September 24, 2006
Click here to view this article




Unprecedented Growth

"The city’s population has nearly doubled since 1980 to about 611,000.  It’s projected to reach almost 1 million by 2030."

"Charlotte has a strategy…traffic congestion is mild…Pro-growth policies remain in force…Now, both suburbs and inner city are growing at a dramatic rate."

- USA Today, October 27-29, 2006

 Click here to view this article



   CALLOWAY'S FEATURED INCOME PROPERTIES

The Villages at Bent Creek Phase 2 Selling Quickly!

The Villages at Bent Creek is currently in phase two and selling rapidly.  Located just 9 miles from Uptown Charlotte and only 5 miles from Interstate 485, Bent Creek is ideally positioned just 2 miles from the heart of historic downtown Mint Hill which is experiencing rapid growth driving new shopping areas, offices and business parks.  Characterized by a pedestrian-friendly “town square”, Mint Hill has a median household income of $71,980. The near completion of the Albemarle road widening project has generated huge attraction from major retailers such as Home Depot and Target, while the revitalization of historic downtown Mint Hill is fostering new high-end housing developments.As always, these town homes are brand new and have been upgraded with Calloway Investments' exclusive rent-ready package, and come with the builder’s 2-10 year warranty. As everyone who already purchased in Bent Creek knows, this is an amazing opportunity to get in early in a market that is already growing quickly.  Do not miss out on our special phase two pricing. 

Click here for further information about the Mint Hill area and available inventory in The Villages at Bent Creek.







   UPGRADED RENT READY PACKAGE

Exclusive LCD TV Offer for Preferred Clients

Calloway Investments, Inc is exclusively offering, to our preferred clients, a free 37” flat panel high definition LCD television as a part of the rent ready package. This upgraded rent ready package will allow any of our preferred property managers to offer any prospective tenants the free use of the TV as a lease incentive. As you can imagine this is a very attractive offer for qualified tenants, making these units even more competitive. This is a special offer and is only available while supplies last.

   CALLOWAY WAS THERE FIRST!



New Development and
Industry planned near
Constitution Park


A Charlotte based developer has announced plans for a $2 billion, 6,000 acre mixed use development in Chester County near Calloway Investments' Constitution Park neighborhood. Plans for Montrose Plantation include up to 8,000 homes, two golf courses and open space. The development will be located near a proposed new exit on Interstate 77 close to mile marker 58. Also in the area, Poly-America has confirmed plans to invest $100 million in a new manufacturing plant in the area. The Texas-based plastics company had been interested in the Carolinas for 10 years and cited tax incentives as a major factor in choosing Chester County. The plant will bring about 400 new jobs to the area. Once again Calloway Investments, Inc. was there first with Constitution Park located just 20 minutes away. As you can see, this area is rapidly expanding with the growth in the region. To learn more about what is happening in this area or to see available inventory in Constitution Park click here.









Calloway Investments was right again!

   YOUR POTENTIAL TURN-KEY SOLUTION

Tanya Wilson – Franklin American Mortgage Company

Calloway Investments' referral relationships with specialized mortgage lenders are an important part of your potential “turn key” solutions. Tanya Wilson of Franklin American Mortgage is one of our preferred lenders that have had great success with our clients. Tanya is both qualified and experienced in the special lending needs of the real estate investor and is able to offer a variety of loan products that suit an investor client’s needs.

Just a few examples of products that Tanya can offer are the Pay-Option ARM, interest only loans, stated income and low documentation options.

A Pay-Option ARM has several monthly payment options ranging from a minimum payment to a full principal and interest payment. This particular instrument can be a good option for those who want to maximize their cash flow in the first few years of ownership.

A stated income loan the lender uses the income the borrower states on the application form rather then the amount that the lender can actually document. This is often a great option for the self employed or for those with a recent salary increase.



Low documentation loans are just what they sound like, they require far less documentation then a conventional loan.

Each scenario is unique so find out the best option for your particular needs by speak to Tanya or other Calloway Investments' preferred mortgage professionals.

   

*You are under no obligation to use any particular mortgage lender, property manager, or insurance company. Recommendations are made as a courtesy only, based on the reputation of, and our experience with, the referred companies. Calloway Investments Inc. and their advisors cannot be and are not responsible for the conduct of other firms.

**Nothing herein implies that other than the owner is responsible for choosing and directing each element of management. Calloway Investments Inc. is a developer and vendor of real estate, and nothing herein should be construed as legal, tax, financial or other professional advice.