All Forum Posts by: Alex Fisher

If you, or you know someone with potential investment opportunities let me know! This will be a good place for Investors in the Surrounding Columbia Area to interact.

If anyone is looking for a great rental property, my parents are selling their rental that has housed college students for the past 10 years. Address is 1035 K Ave. Cayce, SC 29033. Its a very honest property, in updated condition. If you have any questions about it just message me. 

Also, I have a my real estate license so if i can be of any help to anyone please let me know!

Best of luck to everyone!

Alex 

Spoke with my attorney and asked what she thought about "Rent to Own". She said legally, its hard to back in a court of law because of how unfair it can be for the person that rents. Instead, she recommended i check out "Deed and Mortgage".  I am starting to research the subject, but was more curious to hear about first hand experiences. Comment below if you have any experience with either or, and please provide some helpful insight to someone that does not have much experience in the subject matter. 

Thanks!

Jonathan, I actually live in Chapin also! I have my real estate license and I am too actively pursuing investment opportunities. If I can be of any help absolutely let me know! Best of luck!

When you own a rental property, what is the best way to make it easier as the owner? Should you use a fixed price to cover all utilities? Or should you put that responsibility on the tenant. What are some examples for who should cover what?

@Christopher Goldie @Damir Kamber Thank you very much for the help. Gives me the bump to take my studies further.

@Richard Toothill Awesome thanks a lot! That helps me get past my first set of questions.

My parents own an Investment house in Columbia, SC. The Address is 1035 Karlaney Avenue, Cayce, SC 29033 located less than 5 minutes from campus and Columbia. . You can find it on Zillow.com listed at $164,900. Its been on the market Since September 2015 and has struggled to sell. My parents have owed the house for about 8 years in which they rented it out to me, and my brother, and friends whom all went to University of South Carolina. Its a 3bd 1bath house with renovated kitchen, new windows, and new roof, and new insulation. I am in the midst of getting my real-estate license so I can make some personal investments. Its obvious the 1 bath is a big hindrance to buyers which my Mom doesn't want to put any more money into the house to add another bathroom. Because I think the house its perfect for a rental, I considered the possibility of buying the house and putting about 10,000 for an additional bathroom off the back bedroom. I figured I could recoup some of the cost if I rented it out for a year to a few years. As a newbie, my biggest fear is making a bad investment being 24 years old and putting my self in some hot stuff. So I am asking experts on their advice as far as what I need to consider before pursuing this house as an investment. I figured I have an opportunity to get a good price for it because they are my parents, and my dad may even go in it with me so I am not stuck with the full burden of my first investment endeavor. Any ideas?

My parents own an Investment house in Columbia, SC. The Address is 1035 Karlaney Avenue, Cayce, SC 29033 located less than 5 minutes from campus and Columbia. . You can find it on Zillow.com listed at $164,900. Its been on the market Since September 2015 and has struggled to sell. My parents have owed the house for about 8 years in which they rented it out to me, and my brother, and friends whom all went to University of South Carolina. Its  a 3bd 1bath house with renovated kitchen, new windows, and new roof, and new insulation. I am in the midst of getting my real-estate license so I can make some personal investments. Its obvious the 1 bath is a big hindrance to buyers which my Mom doesn't want to put any more money into the house to add another bathroom.  Because I think the house its perfect for a rental, I considered the possibility of buying the house and putting about 10,000 for an additional bathroom off the back bedroom. I figured I could recoup some of the cost if I rented it out for a year to a few years.  As a newbie, my biggest fear is making a bad investment being 24 years old and putting my self in some hot stuff. So I am asking experts on their advice as far as what I need to consider before pursuing this house as an investment.  I figured I have an opportunity to get a good price for it because they are my parents, and my dad may even go in it with me so I am not stuck with the full burden of my first investment endeavor. Any ideas?

@Paul Timmins @Jake Thomas

Awesome thank you guys. Gives me a great start. 

@Jake Thomas Thank you as well for the insight. I have been reading a lot about buying into condos and duplex's etc. I currently own a house so that is what I am trying to work around right now. Would condos or duplexs be a good start to look into as far as a rental? I feel it could be a cheaper and smaller project to get into the swing of things before moving on to houses. What are your thoughts?