Upon further investigation, I found several more properties under similar circumstances.At first glance, it seems possible that these properties were either gifted to the nursing home by former residents or claimed as repayment for services rendered.I’m new to real estate investing, I’ve been in the education phase for the past 2-3 years.

Pete area  after the recent hurricane and was hoping to get some real, boots-on-the-ground insight.

If I were you, I would first really get brass tacks on numbers for investments, and the second thing I would do is do a discovery phase between you and your family.

I am the boots on the ground, managing the property and doing everything in between.

Options like a unique amortization schedule or a 3/2/1 or 2/1 stepdown interest rate could provide initial relief to get you through the renovation phase while giving the seller confidence in a structured payoff plan.To determine an entry point, consider reducing the price based on the current NOI.

Have you thought about this approach or considered a phased plan to build up your portfolio?

It is extremely hard to find programs for 0 experience simply on the 1-4 unit side of ground up construction. 

I’m looking to invest in nearby areas, focusing on fix-and-flip projects and new ground-up construction.

*Another Exciting Development in Charlotte*The Iron District is set to break ground next year (address 905 w morehead st.)The Iron District's strategic location offers easy connections to Uptown, South End, Wesley Heights, Freedom Drive, Camp Greene, I-77, I-277, and Charlotte Douglas International Airport.

I'm wanting to connect with people from my area that have wholesaling expertise that are willing to teach me from the ground up.