South Carolina Investing

[Shiv Jey]

Hi guys! I've been doing SFR's and small multi's (2-4 units) in Alabama, Michigan, Indiana, and Ohio, and am now looking into South Carolina.

On cursory glance, it looks like deals are tough to come by in Greenville. Columbia, SC seems to have some opportunities on a quick MLS search. I don't know about the rest of SC (Florence). Myrtle Beach and Charleston seem to be already missed opportunities and too late to strike.

As an out of state investor, anyone have any insights in terms of finding success in South Carolina, in terms of realtors, areas, strategies, property management, etc?

Thanks in advance!

[Troy Gandee]

Hey @Shiv Jey. Your assessment is correct. Charleston is by far the most difficult market in the state to invest at the moment. Greenville and Myrtle Beach are both comparable, but I don't think they're quite as hyped as Charleston is. Columbia, Florence and other slightly smaller areas are much more fruitful at the moment, but they're catching up quickly. A lot of investors in the larger markets have been doing more volume in the smaller areas and they're a little crowded right now. If you're looking to invest out of state, I still hear the mid-west is probably the best, but I haven't looked at out-of-state stats much lately.