Wilmington Real Estate Investment – Find Properties to Fulfill your Financial Dreams

What better location to look for investment property than the southeastern coastal region of North Carolina? This area has been growing rapidly over the last few years. There are any number of luxury golf communities, new master-planned neighborhoods and older, more established anchor communities.

If you’re shopping for beachfront property or a second home or vacation home, why not think about it as an investment at the same time you are heady from the sheer excitement. There are some places where buying a new home might not further your financial future, but Wilmington, North Carolina and the beaches, is not one of them. A drive down Wrightsville, Carolina and Kure beaches will answer the question of demand for you.

Investing in Historic Downtown

One way to look at investing in real estate is by realizing that you will return what you put into a property, and hopefully much more if leveraged properly. There are many properties in Historic Downtown Wilmington that are in need of some elbow grease. There are affordable homes and foreclosure properties, some right along the edges of potentially lucrative emerging neighborhoods. This type of property investment can be very rewarding and satisfying if you are a buyer with the capital to invest in a renovation. Also make sure you are armed with the market knowledge that you will be able to reap financial rewards from such an investment.

Penny Tillery is a Wilmington real estate specialist who can provide you with the right real estate market knowledge to make a wise investment decision. She knows the nuances of the local market.

1031 Exchanges

For business people buying real estate of a “like-kind” and using them for business purposes, such as apartment building, a 1031 Tax Exchange may be an attractive tool for deferring capital gains. The 1031 refers to an Internal Revenue Tax Code only written in the early 1990s that makes exceptions in capital gains taxes for business owners exchanging business properties.

If you feel that you qualify for a 1031 Exchange, check first with your tax accountant. Penny Tillery, a REALTOR with Intracoastal Realty can help you locate the right property and put you in touch with a Qualified Intermediary who will handle all the required paperwork to complete the Exchange.

Penny Tillery, REALTOR® with Intracoastal Realty, offers specialized experience in the Wilmington real estate market. Shopping for an investment property? Are you a first time homebuyer looking for something affordable and still convenient to all the most popular Cape Fear locations? Penny’s market extends to Pender County and Brunswick County, as well. She buys and sells real estate, offers advice on mortgages and home inspections and is available 24/7 to guide clients; those who are familiar with the area as well as those relocating to Wilmington.