Want to buy in CLT but need recommendation (Charlotte, Matthews: real estate, buying a house)
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I am thinking of buying a house in Charlotte for "me". "Me" is an out of state real estate investor and I would like to buy a house that I can have for my own personal use and become a part-time resident of Charlotte. But, here's what I have in mind and perhaps it's not doable.
I want a house VERY close to uptown. The closer the better.
I want a cottage type house that I can gut renovate. I have no concern for what it might look like now as I will completly renovate.
Parking on property for a least one car.Space for 3 bedrooms and 2 baths.
Budget--would not spend more than 100,000 and of course would like to spend less considering my renovation.
Additionally, if this could be a duplex-all the better as I would not be there full time I would like someone there and the extra bit of income.(and raise my budget price)
Is this possible and in what neighborhoods should I look?
Something just occured to me while typing--I would entertain the idea of splitting a duplex (as partners) if anyone was interested.
TIA
John
I want a house VERY close to uptown. The closer the better. Budget--would not spend more than 100,000 and of course would like to spend less considering my renovation.
I am not sure this is possible even in Matthews, but will be interested in what others have to say.
Would love to pick up a half dozen fixer-uppers for that price in Dilworth/Elizabeth!
If I was you I would join some of the Yahoo! groups and see if you could pick something up from a wholesaler. Metrolina REIA might be a good one. However normally there are not to many great deals to find. Anything in that price point will be in a "rougher" part of town and may not do to well being left vacant at periods of times especially if your leaving something of value inside.
If I was you I would join some of the Yahoo! groups and see if you could pick something up from a wholesaler. Metrolina REIA might be a good one. However normally there are not to many great deals to find. Anything in that price point will be in a "rougher" part of town and may not do to well being left vacant at periods of times especially if your leaving something of value inside.
Yeah - and translate "something of value" to mean a stove, fridge, etc. LOL!!!
Yeah - and translate "something of value" to mean a stove, fridge, etc. LOL!!!
Do you need to be close in b/c of transportation?
Ani---I'm thinking of a couple of reasons.I have never ever lived in the surburbs
number one. I like city life (like your uptown). Have mixed feeling about spending a nite in town and then travelling more than 10-15 minutes in a city I don't know well at night.
Of course, I don't need my ac and fridge taken while I am dilly dalling in NY.
(I guess the white wine will get warm?--No they will take that too.
I guess it really depends on what your looking for, I think S.Charlotte would be ideal but still your not going to get much if anything for $100K. You could always get something around the North Lake Mall area which would be a quick drive to Uptown. Wait long enough and the light rail might show up
I am thinking of buying a house in Charlotte for "me". "Me" is an out of state real estate investor and I would like to buy a house that I can have for my own personal use and become a part-time resident of Charlotte. But, here's what I have in mind and perhaps it's not doable.
I want a house VERY close to uptown. The closer the better.
I want a cottage type house that I can gut renovate. I have no concern for what it might look like now as I will completly renovate.
Parking on property for a least one car.Space for 3 bedrooms and 2 baths.
Budget--would not spend more than 100,000 and of course would like to spend less considering my renovation.
Additionally, if this could be a duplex-all the better as I would not be there full time I would like someone there and the extra bit of income.(and raise my budget price)
Is this possible and in what neighborhoods should I look?
Something just occured to me while typing--I would entertain the idea of splitting a duplex (as partners) if anyone was interested.
TIA
John
That "VERY close to uptown" criteria will not get you within 5 miles of uptown in that price range without being in very challenged neighborhoods. The kind I wouldn't recommend to anyone, heck the people already living in them most likely wish they weren't stuck there. It would be one thing if you were going to gut and rennovate and then be there day in and day out - your property might be safer - but being a part-time resident? I just wouldn't advise this, sorry.
Give us your distance range so we can tell you where, lol!
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