Young Investor from Charleston, SC

[Lenn L.]

Hello Everyone,

I am currently living in Charleston, SC. I do not own any properties at this time, but I have been lurking on BP for some time now reading up on a bunch of the blog posts so I finally decided to join. As a young individual I am eager to get into real estate early. 

I am planning on getting into real estate within a year. I have been looking at duplexes within the area as living in one side would definitely beat the rent prices that are going on in the Charleston area. I also have been searching turnkey options because I currently enjoy my career. That being said I haven't had much luck seeing anything turnkey wise in Charleston, but maybe I haven't been looking hard enough. Mostly my short term goal is to get started early with a property and my longer term goal is to reach a cash flow amount that I could retire on comfortably. One thing I hope to learn more about from BP soon is investing from a distance. With Charlotte and Atlanta within a few hours drive I have two solid markets available should I choose to go that route.

I look forward to getting into contact with other investors in the area as well as investors on the forum!

-Lenn

[Elizabeth Colegrove]

Welcome!

My husband and I are also young 26 and 28 and work full time. We own two rentals in Summerville specifically the orchards in wescott plantations. My husband is active duty military so we are very transient in nature. We got started by buying a house and renting it out gene we left. As we for more succesful we started buying pure rental.

Something that is very popular is buying a larger house and renting out the rooms. This wid is allow you to pay off your mortgage. We have tried to  duplex but honestly the numbers and areas tend to be much closer than pure single family room. As I talk about in on my website. A higher class while smaller margins allows us to retain more of it (souh west airlines model).

Just another thought!