Hello,
Been a long time lurker here but I decided to test my luck in real estate business, in reality I do not believe in luck and more of a hard work believer but there are times luck proved me wrong. I looked into multiple franchise businesses and so on and I still have my heart in real estate. Here are my questions and need you gurus to help this rookie. I am only looking for ideas around Charlotte region.
I would like to buy a commercial zoned property and develop or buy an existing one and remodel. I want to know pros and cons.
I would buy a residential land and build a custom home as per my idea. I am good at planning and have done my fair research over the years and i have a passion for construction.
I thought about building a duplex or multi family unit but the land prices are insane to build a rental property. The production builder quality is atrocious. I am thinking to not pursue that route.
Please let me know if I am day dreaming or it requires any skill that I am missing? I do not want to shed my money to a builder who makes 200k out of me as I myself want to be a builder. Charlotte is a hot market and prices are extremely high, but I am still confident I can survive. My capital is not in millions, I am at a beginner stage and consider 500k would be my max budget atm as I have investors who trust my ideas which I have never put into reality.
If you are looking for investor+working partner feel free to reach out to me and may be we can build a successful partnership.
