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All Forum Posts by: Daniel Roberts

Daniel Roberts has started 0 posts and replied 26 times.

Post: Buying used/forclosed mobile homes

Daniel RobertsPosted
  • Wholesaler
  • Camden, SC
  • Posts 27
  • Votes 19

Facebook marketplace!

Craigslist

Carolina Trader

Call some local mobile home dealers  and mh movers and ask them.

im in Camden, not far from you.

Good luck!

Post: Bandit Sign Deployment

Daniel RobertsPosted
  • Wholesaler
  • Camden, SC
  • Posts 27
  • Votes 19

Yep. Call your local municipality. Everyone is different.

If you are in a town/ city see if they have sign jurisdiction. If you are not in a municipality or city doesnt have jurisdiction, call the county. 

Also, call the local dot maintenance shop (at least one in every county) and ask what they enforce on state roads.

When placing sign, know if you are in town/City limits or on county or state road and place according to their rules.

Post: Best way to make an LLC in SC?

Daniel RobertsPosted
  • Wholesaler
  • Camden, SC
  • Posts 27
  • Votes 19

SC secretary of state now has it set up to be able to form an LLC solely online!

Its kind of scary easy.

Check out thier website for more info.

Daniel

Post: Rental Portfolio Question

Daniel RobertsPosted
  • Wholesaler
  • Camden, SC
  • Posts 27
  • Votes 19

My experience:  If you are talking about 10 or less houses and trying to build on that number, there are many more advantages to being in the same market than being spread out among many.  In the same City/area, you can save time and money by using same prop manager, same realtor, same bank etc.  

Real estate isn't stocks, so I don't buy in to the idea that having all your houses in one area increases your risk.  Instead, one area allows you to get better returns and put less time into the management of your properties, therefore allowing you to build quicker!  You being on the other side of the Country makes that an even bigger deal.

Good luck!

Post: Potentially my first portfolio in South Carolina!

Daniel RobertsPosted
  • Wholesaler
  • Camden, SC
  • Posts 27
  • Votes 19

Numbers look good.

Good luck!

Post: If you had 150k in cash right now..

Daniel RobertsPosted
  • Wholesaler
  • Camden, SC
  • Posts 27
  • Votes 19

Even though you had the cash to burn, I'd would concentrate more on being picky about the instant equity, cash flow and return on investment for EACH deal that I jumped into more than I would spend time on "which" asset class to buy.

Personally, I would accelerate what I do now and that is single family homes.

In this SC Market you can buy, rehab, rent then SELL to investor, then with that cash, buy TWO, repeat...

That would be my strategy.

Bottom line is that you throw that cash at an initial OK deal and not a home run deal, you are shortchanging yourself.

Post: South Carolina Investing

Daniel RobertsPosted
  • Wholesaler
  • Camden, SC
  • Posts 27
  • Votes 19

Wait for the right deal. Be patient. You make your money with the buy. By that, I mean if you pay the right price with the buy, making money is easy!!!

Awesome article!

I'm in Lexington and see what happening in downtown Columbia. Are you seeing an effect or worried about the boom of apartment complexes in downtown?  Feels to me like it being WAY overbuilt and is a bubble in the making.

Thoughts?

Btw, my rentals and flips are in kershaw county. 

Post: 90 day holding period for cash buyers?

Daniel RobertsPosted
  • Wholesaler
  • Camden, SC
  • Posts 27
  • Votes 19

No.  We buy all the time and resell quickly.  You can sell it as quick as you' like in SC.

Post: Flipping In South Carolina

Daniel RobertsPosted
  • Wholesaler
  • Camden, SC
  • Posts 27
  • Votes 19

Market is very hot in SC. It's easy to sell in SC, but hard to buy @ a good price.