All Forum Posts by: Cedric Emmanuel

Hi all,

I'd be super thankful for some input here.

I'm looking at a condo in Charleston, South Carolina that is part of a small building made up of:

-2 parking units

-4 residential units, with the one for sale that I'm looking at being the smallest

-1 commercial unit on the ground floor, in which you currently have a clothing retailer

Every unit is owned by the same investment group, and everything is currently being rented out. I would also rent out the unit if I were to purchase it. So, questions:

-There's an HOA - considering every other unit is owned by the same owner, do I have any protection from them raising fees, making assessments and/or limiting how I can rent the unit?

-As a general point, do you think it's smart to buy into a small building where every other unit is owned by the same investment group?

Thanks,

Cedric

Thanks @William Pesce, getting my RE license in SC is indeed what almost everybody I've spoken with suggests. And great you're also a New Yorker - I'll PM you and @Michael Limina to potentially connect in person.

Hi all,

I'm a New Yorker who just moved to Charleston, South Carolina. I'm looking to get into single family buy and hold.

I'd love to grab a coffee with anybody in the area to connect, share and potentially partner on deals. Please shoot me a note to connect.

Also, a question please: I'm considering getting my real estate agent license to help me 1) source deals and 2) network - any tips/insights/advice?

Thanks,

Cedric