Charlotte NC Investment Area Ideas

[Jonathan Pacilio]

Hello Everyone - 

My wife and I are sitting on about 75k cash that we would like to invest in the Charlotte Area.  I would not call us brand new to this (I have a couple of rentals - buy and holds) and I own a small property management company that handles mine and several others units.  However, what I am realizing is as much as I get the numbers - I am not good at picking a strategy to focus on and where to continue to get better at maximizing return and generate cash flow.  The few rentals we have generate small amounts of cash flow and were bought at retail prices.  The latest agent I am working with is showing us properties that are in up and coming areas and have already been rehabbed but essentially break even or net $100 a month (265k price points and appreciation would be expected.)

We are struggling with continuing to buy retail properties for how much it eats your capital for small amounts of cash flow.  By no means am I trying to be naive in this market and am asking where can I gobble up $500+ cash flowing properties, and I have read tons about other avenues like partnering with a wholesaler or trying a rehab but I guess I am just looking for ideas on where to dip our feet into to take a bit more risk that will lead to more work but better return at then end (the goal at the moment is to increase our residual cash flow as much as possible with each transaction not flip for cash profit)

As I read this, sometimes I even struggle with completely understanding what I am asking or supposed to ask.  I am a self admitted analysis paralysis addict so just looking for help pushing past that on some strategies that we can attempt and the avenue to self learn and get started.  I am also wired to want to figure everything out on my own and not ask for help...... Any help/suggestions, no matter how unique, are welcome to challenge us.

Thank you very much