All Forum Posts by: Deadrick Colbert

@Bill Jacobsen, thank you for the reply. Yes, the 1,100 is market rent. If the owner financed the monthly payment low enough to cash flow, then my plan would be to place a tenant in the house and rent it out.

Hello BP, I need help analyzing this potential deal. A bird dog that called me with this lead today.

The house is a 3br 2ba ranch, sf is 1740, tax value is assessed at 150k. House is in a good subdivision in upstate South Carolina. Previously rented for $1100 per month. There are 3 comps recently sold in this neighborhood. They were for 169k, 189k, and 190k. This seller is asking for 194k. He told my bird dog that he is open to owner financing it since he owns it free and clear.

I've not that experienced with lease options or owner financing. For those of you that are, what are your thoughts on this deal? What questions should I ask the seller and what monthly rate should I try to get it financed for? Please feel free to ask any questions that you may have and I will do my best to answer them.

@Matt Granger welcome to BP! It's always nice to see a fellow South Carolinian.

I'm looking for any sub2 deals in upstate South Carolina. If there are any wholesalers that have any of these, please pm me.

I'm looking for any sub2 deals in upstate South Carolina. If there are any wholesalers that have any of these, please pm me.

-Does the past holidays and tight economy have you strapped for cash?

-Do have accumulating debt, facing bankruptcy, or at risk of foreclosure?
-Do you have vacant properties that have become liabilities and/or are just costing you money?
-Do you have new financial obligations and wish to sell off unused or unwanted houses and properties?

If so, you may have considered turning your house or unused properties into cold hard cash? Are you looking to relieve some or all of your financial obligations and reduce unnecessary stress and burdens? WELL THEN, CONSIDER NO MORE!!! We are a group of investors looking to buy homes and properties in the upstate SC area!

-You can sell your properties or house as is.
-You do not have to pay for repairs, appraisals, or inspections.
-You can have an offer within 24 hours.
-Settlement can be possible in as little as 3 to 5 business days, not weeks!

Don't let accumulating debt, payments, foreclosure, or bankruptcy happen to you! Call or e-mail and let us help you turn your unwanted properties into cold hard cash!
864-810-0424

I'm in the upstate and happy to see we have such an active group in this area.

I am looking for a few "fixer-uppers" in upstate SC. I prefer houses that are vacant, ugly, beaten-up, dirty, and neglected. Maybe it's got an jungle growing in the yard, or perhaps a local graffiti artist's latest work on the walls. Those are the best ones!

If you know of an property for sale that's vacant, not listed in the MLS, 3/1+, 1000 sqft+, 1950+, less than $60,000 and located in a decent rental area of town - I'm very interested in buying it right away.

When you see something that fits the bill - shoot it my way and let's put the deal together.

@Dondi Delk Your best bet is to join a local reia and any other real estate investing groups that are in your area. Network and let everyone know what you do, and what exactly you are looking for.

@Tony Gatto I live in Easley, SC. I currently invest in Greenville, Pickens, and Anderson counties.