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Updated over 5 years ago,
How to start real estate investing in SC?
Hi all,
I want to start investing in real estate - Generally I am interested in a buy and hold strategy to get to the point that the property pays for itself to have passive income in a couple years... Thus I am looking for multiplex houses in good areas.
I have 50K cash and make 75K in my job. Credit score of 750 and no debt.
I found two houses which I like.
https://www.realtor.com/realestateandhomes-detail/121-Hester-St_Charleston_SC_29403_M65477-68321?ex=SC647059914
https://www.realtor.com/realestateandhomes-detail/78-San-Souci-St-Apt-A_Charleston_SC_29403_M55615-09407?ex=SC2268731789
But when I run the numbers I never get anywhere close to 12% Return on Cash flow...
I dont know if this is just unrealistic in the area I live and if real estate investment still makes sense?
Happy for any advise where and how to start...
Thanks!