Rental in Columbia

[Alon A.]

Hey

General thoughts on Columbia , SC for rental market

i can get house at 120K.

remodel at 35-45K and rent it around $1900-$2000 ,

property worth after remodel is 240-250K ARV.

What do you think about this area in general about growth in Columbia and about this deal ? its better just do flip and sell it ? or better to do the BRRRR.

[Andrew Postell]

@Alon A. this is often a discussion point for many people who invest out of state - what city/town is best for my profits?  And the answer is ALWAYS - which city/town do you have trusted people in?  I've been an out of state investors for over 15 years.  You may NEVER see your property.  That's an enormous amount of trust to put in a complete stranger.  One misstep and that can erase all of your potential profits.  

For rentals we target 3br 2ba homes that are BELOW the median price point for that market.  You can certainly flip whatever price point you wish, but that's what we do for rentals.  And if you are using people that you have full faith and confidence in - then execute the plan.  That's the most important piece of the equation - trustworthy people who won't let you down.

Hope all of that makes sense.