Information for Carlisle, Pennsylvania
Pennsylvania, capital of North Carolina, and seat (1771) of Wake county, central North Carolina, U.S. It lies roughly 25 miles (40 km) southeast of both Chapel Hill and Durham, the three cities forming one of the state's major urban areas - the Research Triangle.North Carolina state capitol, Raleigh, N.C. Jill Lang/Dreamstime.com The site was selected in 1788, and the city was laid off from a tract of forest in 1792, soon after the American Revolution, when North Carolina, like several others of the original states, moved its capital westward from the seaboard. Originally called Wake Courthouse, it was renamed for Sir Walter Raleigh. The first capitol, completed in 1794, burned in 1831 and was replaced by the present building, completed in 1840. It stands in the middle of a large square and is considered an outstanding example of Greek Revival architecture. Capitol Square is surrounded by various state and historic buildings and churches. During the American Civil War, Raleigh served as a Confederate headquarters until April 13, 1865, when Union troops under William Tecumseh Sherman occupied the city without resistance.Raleigh is a major point for retail shipping and wholesale distribution for eastern North Carolina. After World War II the city attracted numerous factories manufacturing a wide variety of products, now including communications equipment, electronic equipment, computers, and processed foods; in addition it is a research and development centre for textiles and chemicals. Services are also important, and a number of insurance companies have their home offices or regional headquarters there.The city is an educational centre and the site of North Carolina State University (1887; part of the University of North Carolina system), Shaw University (1865), and Meredith (1891), St. Augustine's (1896), and Peace (1857) colleges. The city is part of North Carolina's Research Triangle, a three-county area of cultural, scientific, and educational activities that includes Research Triangle Park to the northwest. The North Carolina Museum of Art is also in Raleigh, as are the North Carolina Museum of History, North Carolina Museum of Natural Science, and Mordecai Historic Park. Many historic buildings have been preserved, including the Joel Lane House ( c.1760; the oldest building in Raleigh) and the home in which Andrew Johnson, 17th president of the United States, was born in 1808 (now a historic site). Nearby recreational facilities include William B. Ulmstead State Park (northwest) and Clemmons Educational State Forest (southeast). Inc. 1795. Pop. (2000) 276, 093; Raleigh-Cary Metro Area, 797, 071; (2010) 403, 892; Raleigh-Cary Metro Area, 1, 130, 490. Holladay Hall, North Carolina State University, Raleigh, N.C. Seth Anthony
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Distressed Properties FAQs
What are Distressed Properties?
In real estate, if a homeowner suffers from financial problems, which render him unable to meet his monthly mortgage obligations, he is said to be in distress and the home is referred to as a Distressed Property. Based on the stage of foreclosure the property is in, it can be classified as a pre-foreclosure, foreclosure at auction or a bank owned home/repo home.
For more information, simply check our What are Distressed Properties? page.
How to buy distressed properties?
Buying distressed homes is simple enough. You only need to determine where in the stage of foreclosure is your entry point and understand what is involved in purchasing these properties. Each stage will require a different approach, so it is also crucial you do your homework even before you search for the perfect distressed property.
To help you make sure your purchase is a success, check out the How to Buy Distressed Properties page.
How to invest in distressed properties?
Considering the impressive profit potential offered by distressed properties, it is not surprising buyers are presented with numerous investment opportunities. You will find investing in these distressed homes is quite lucrative. Of course, in order to maximize the said potential, you have to make sure you know and understand what is involved in each of these opportunities.
You can refer to the Guide in Investing in Distressed Properties for more information.
How to find distressed properties?
When it comes to finding distressed properties, there are actually several ways to do so. You can choose to go the traditional route and search neighborhoods or scan classified ads in newspapers. But there is actually a more efficient and convenient way - there are distribution centers.
We offer a large selection of distressed houses for sale, including pre foreclosures, foreclosures at auction and bank owned properties located in all 50 US states. You will have easy access to all relevant information pertaining to these homes with just a few clicks in your computer. Finding the best deal on a distressed property which meets your budget and preferences will always be hassle-free.
Is there a specific type of distressed properties which is more profitable to invest in?
You will be pleased to know that despite the many types of distressed properties, all of them promise to be profitable. Your choice will simply have to depend on your resources and needs. Since each type of distressed home offers their own advantages, you have to determine which type you are comfortable of buying and eventually owning.
Are distressed homes always sold as is?
In general, distressed properties are sold as is. For this reason, you have to conduct a thorough inspection of the property to see the extent of repair work needed. Hiring a professional inspector is strongly recommended. In few cases, the seller will agree to agree to shoulder the repair cost as long as they are minimal. It is really a matter of knowing exactly what you are buying and negotiating with the seller.
What Are Handyman Specials?
Distressed properties which require extensive repair are usually referred to as Handyman Specials. They are usually sold at very low prices since the buyer will have to spend much on repair and renovation. It is important you know exactly how much it would cost you to have the property fixed up to estimate your potential profit. You can do so by working with an experienced and professional contractor.
What are Fixer Upper Homes?
These distressed properties - as their name suggest - requires fixing up. Investors consider these properties as the perfect choice for flipping since they can be bought for a fraction of their market values. Obviously, you will have to order a thorough home inspection to determine how much it will cost you to repair the property. Once they have been repaired and renovated, they can be sold for considerable profit, which is why many real estate investors consider them gold mines.
What do I need to get started with distressed homes investing?
To get you started on your distressed homes investing, you will need to educate yourself about everything there is to know about properties in distress from buying to cashing in on your investment. Of course, you have to understand your success will be greatly dependent on finding the best deals.
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