All Forum Posts by: Chris DeTreville

Quote from @Sidney Garcia:

hello everyone, my original real estate investing plan was to buy several multifamily homes and house hack. but ive heard where i really want to move to, (south carolina) that state is not the best for MFH investing. what are the best type of real estate investing strategies in south carolina? i would be purchasing the property with an FHA loan. and im also looking for solid cashflow + long term holding

I think house hacking is great way to get started, especially here in SC so you can take advantage of the lower tax rate. I'm happy to help guide you if you are interested in Columbia SC or surrounding areas. 

Steve,

My brokerage just stabilized a large portfolio about half of which was section 8.  My team can probably help, feel free to reach out.  

Ken,

I am happy to chat with you anytime.  I will send you a colleague request. 

@Chris Rosenberg It seems almost impossible that our non-owner occupant taxes are that high, but it's true. There are some tricks and ways to reduce that burden though. Also to answer your question, they reassess at the point of sale. So if you buy it for 150k the taxes will then be assessed at that new number. If you rehab you should be fine. So buy it for 100k, rehab it and they assessment will still be 100k even though you added value and it's now worth $190k. Small multi family that you can add value to is the sweet spot in my opinion, but extremely difficult to find. With SFR you will have more opportunities. Happy to discuss further if you want to shoot me a dm.

Justin, let's connect.  I am also curious if you are a full time investor or looking for another similar position as the one you had in NY?

Do it! I bought a house after graduating from USC and I still own it as a rental.  I wish I had bought it or another one while I was in school.  Listen to Will Gaston, the USC student rental guru!

Secondary markets in the Southeast.  I am happy to help you in SC and GA.  

I will echo some of the sentiments here about the SE, but I would stick to some of the secondary and tertiary markets.  Columbia, SC (I am biased), Augusta, GA, Chattanooga TN, Huntsville, AL, etc.  While these markets are competitive, they are not saturated like a Charleston, Atlanta, or Charlotte.  

@Sydney G. I may have a deal for you in Columbia, SC if you are interested in coming a little further South.  Feel free to reach out if so.  Thanks

Steve,  I have great house hack for sale in Columbia if you are interested in that.  I will send you a DM.  It is a 3br 2ba main house with a 2br/1ba  apartment in the back.