Real Estate Archives - High Performance Real Estate Advisors

Optimist Hall Is a Must-Visit

Today I want to highlight one of my favorite places to eat in the Charlotte area that’s sure to have something you like, whatever you’re into: Optimist Hall.

Located just past Uptown near North Davidson, Optimist Hall is the Charlotte area’s newest and largest food hall, with fantastic indoor and outdoor seating and complimentary Wi-Fi. It’s a great place to focus yourself on the work week ahead or gather with friends for happy hour or brunch.

Optimist Hall has 21 different food and drink stalls with every type of food you or your family could ever imagine. If you’re obsessed with sushi but the rest of your family isn’t, don’t worry—here, you can get some of the best sushi around while your family visits the taco stalls. 

If you’re trying to find a quiet place to work, you can start your day by coming here when Undercurrent Coffee opens at 7 a.m. Then you can work hard until lunch and come and take a well-deserved break with some delicious Mexican food and duckpin bowling at el Thrifty. (el Thrifty is where our company had our Christmas party last year, and I have to say that it was awesome. They had golf simulators, basketball, shuffleboard, and even Pong!) Then you can finish your day strong before clocking out at five to enjoy a local North Carolina beer from Fonta Flora or a fancy cocktail at Billy Sunday’s.

Optimist Hall has it all.

If for some crazy reason you decided to eat before you came here, you can work up an appetite by checking out some of the local vendors who aren’t focused on food. For example, there’s a beautiful paper store called Archer Paper Goods that can inspire anyone to pick up journaling, or at least give you a good chuckle while browning their hand-printed cards section. Also, be sure to check out the latest addition to Optimist Hall, Paradisio, which is a plant paradise for anyone who has or aspires to have a green thumb.

As you can see, Optimist Hall has it all. I personally love coming here; I make a stop at least once a week, and I highly recommend that you check it out.

If you have any questions about real estate, don’t hesitate to reach out to us. We’d love to help you. Happy Thanksgiving!

How To Live Essentially Mortgage-Free

How to live mortgage-free while building wealth by house-hacking.

House-hacking is how I ended up getting into real estate in 2002. The first home I bought was a three-bedroom, two-bathroom home. I got a 30-year mortgage on it and I rented out two of the rooms. I had $1,200 per month coming in, which offset my mortgage. I was essentially living for free.

It was a little difficult having roommates, but was it worth it because I was able to claim that $14,000 of extra income I was getting per year on my taxes. Then I went to the bank and they approved me for more properties. I ended up buying four more homes and renting them out as well.

There are different types of house-hacking. You could buy a duplex , rent out one of the units, and live in the other, for example. You could also buy a two-acre property,  build another house on the land, and rent that out to offset the mortgage.

If you’d like to know more about how house-hacking works and want to do a no-obligation consultation, please reach out to us. We’re also here to answer any real estate-related questions that you might have.

How Do iBuyers Operate

Here’s what homeowners should know before selling to iBuyers.

The term “iBuyer” stands for “instant buyer,” and they use data and algorithms to tell you what your home is worth and make a cash offer based on that figure. There are lots of them out there in the Charlotte area, so I just wanted to quickly take you through how these companies operate.

Let’s say you’re ready to sell your home for $300,000. You call up an iBuyer, tell them your price, and they’ll send you a contract with that exact price. They’ll get you to sign it, they’ll sign it, and then there’s some confusion about what takes place after that.

“We can help you in the same way that these iBuyers do, but better.”

The iBuyer will come to your property, bring inspectors, and go through it with a fine-toothed comb. They’ll uncover anything and everything wrong with the home while also charging a 10% fee. By the time you get your final bill back, you’re only going to sell for $220,000 to $240,000, not the $300,000 you were promised.

We can help you in the same way that these iBuyers do, but better. We are working with families who are willing to pay your price for your home without pulling the wool over your eyes. We’d love to meet to show you what you could net at the closing table by choosing to sell with us over an iBuyer.

If you have questions for us about this topic or anything else related to real estate, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.