Newbie in SC looking for advice

[Mark Tebalt]

Hi all, I’m a newbie in upstate SC. For a while now I’ve been scouring the BP forums, blogs, and podcast trying to soak in as much information on rental property investment as I can. Talked with my wife extensively, and convinced her to get on board with our first purchase. I’ve found a lender to work with us on a 30 year conventional loan with 20% down as well. My problem is with the properties available in our area. When I run the numbers, I’m not seeing any cash flow with a conventional loan. I’m 44, and both my wife and I have great jobs, and are just looking to buy and hold for passive income when we retire. Am I just not finding the right deals? Maybe my math is off? Or should I really be looking at ways other than a conventional loan to get into our first rental? 

[Mark Tebalt]

@Brenden Mitchum

Thanks for the reply! I was really hoping to get into something as close to turnkey as possible on our first deal, but I'm definitely rethinking that now. With no experience in estimating rehab cost the BRRRR method is a bit scary but looks like my best if not only option at the moment. Thanks again!