All Forum Posts by: Eric Fonville

I look forward to working and networking with you all

Just wanted to say welcome!

1774 sqft nice and clean home, large bedrooms, nicely landscaped yard, and convenient to I-40, 540 and shopping.  Bedrooms: 3; Bathrooms: 2.5; Square footage: 1774; 

Kitchen: Refrigerator, Dishwasher, Stove, Pantry, Garbage Disposal; Flooring: Carpet, Linoleum/Vinyl; Rooms: Living Room, Dining Room, Huge Bonus Room Study/Office; Amenities: Air Conditioning, Heat, Walk-In Closets, Fireplace, Cable-Ready, Window Blinds; Laundry: W/D Hook-Ups; Outdoor: Balcony off Master Suite

@Jeremy Hunter  Thank you!

@Jeremy Hunter  I am interested in finding out more about this grants.  Can you point in the direction I (we) should be looking?

I have not.  I have a couple of c class properties currently in NC right now in which one of them is costing more money in repair and chasing tenant down for not paying on time. I can only imagine how much worse it would be if it was a D class.  I also know that market really well as I spend 16 years of my life there before moving.  I know other investors from that local market in which invested in the D class market because of the low entry price point. They have paid me a lot of money because of maintenence and repairs and on top of that they spend a lot of time and money in court on evictions. I'm not saying that you will not find success, I'm only trying to give you a warning of another potential problem that may come up. 

I would not invest in D class properties, especially out of state.  I believe you would spend more time and money fixing properties and chasing money than you would getting money.  I would stay far away from those.

Sounds like you did the right thing with following your gut.  I can tell you that I cannot give you advise on this deal for the simple fact that I would have had some many more questions that you did not address in your post.  However I am inclined to tell you that you made a good decision because you followed your gut.  That feeling is priceless..

I am new to the South Carolina market.  I am interested in meeting and working with others to assist and grow to be a better mentor and a better real estate investor.