Newbie investor looking to connect - closing first deal

[Elizabeth Ward]

Hello all on BP!

I am a newbie looking to connect with experienced investors. I currently work /live in NY but looking to invest in South Carolina. I have family there and it's probably our destination for retirement.  My husband was born and raised in SC and we are currently closing our first deal on three Townhomes. (Rentals). I am very motivated and excited to learn as much as possible to better the future of my family. Looking forward to connecting!

[Christopher Bunge]

Hello from Columbia, SC!
The cool thing here is how far money will go. I am selling a group of five cheap rental houses this week for a client and we'll end up getting about 90 grand for the entire lot of them. Buyer budgeted 2500 a piece to freshen them up and they will all rent immediately for 450 to 550 a piece. He will pay a property manager 8% and forget about them.  Hard to get that sort of return most places.
Best of luck with your first deal, that sounds like a running start.

Chris
South Carolina