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Updated over 9 years ago on . Most recent reply

User Stats

106
Posts
29
Votes
James Bynum
  • Phoenix, AZ
29
Votes |
106
Posts

Sort of new here from Upstate, SC

James Bynum
  • Phoenix, AZ
Posted

hey all, I've actually been active on this forum for a couple months trying to work out an investing strategy, but wanted to make things "official"

I'm new to REI and new to the Spartanburg - Greenville, SC area. It's made it a little challenging to figure out what neighborhoods are good and which are not so good, but I've been driving around a lot to get a better feel for the area.

My long term goal is passive income from rentals, and from my research Spartanburg is at about 50% renters to owners, so that sounds like a great place for buy and holds. But the sales from what I've seen are a tad on the weak side, so I plan on looking at surrounding areas to do flips to raise capital for the rentals. To get started I'll be using a decent inheritance to fund the flips. I plan on keeping my current job until it's no longer helpful to do so. (IE. Tap out conventional mortgages)

I'm looking to meet as many investors in this area that I can so I can grow this new business venture.

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