All Forum Posts by: Arn Cenedella

Will: Bigger Pockets is an excellent site. That being said, the comments found here are sometimes/often not accurate or correct. I think when it comes to legal issues, you need to be very very careful. People may not fully understand your question. In addition, State laws vary greatly. Ohio for example looks at wholesalers differently than South Carolina. I have my opinion on your question. But your question is too important for you for me to pontificate off the cuff. My advice is to spend a $1,000 and consult with a local attorney who specializes in real estate and business law. Contact some local wholesalers and ask them for attorney referrals. Have an attorney knowledgeable on these issues set up your business properly. You probably should also consult with a real estate knowledgeable CPA and get that input. Get your business started properly, invest the money now to save you headaches later.

Will: After a long career in the San Francisco Silicon Valley real estate market, I moved to Greenville, SC 3 years ago and have started investing. I believe one can achieve decent cash flow and solid appreciation. Happy to help educate you about the Greenville market. Arn

Hi Parker

I believe the Research Triangle would be a good area to invest in.

I might also suggest another Greenville, the one in South Carolina.

Rapidly growing secondary city midway between Charlotte and Atlanta.

Fantastic downtown with major international employers like BMW, Michelin and GE.

I have two Raleigh residents investing with me because they feel valuations and profit opportunities are better in Greenville SC.

I suggest you google Greenville SC and consider.

Arn

I moved from CA to Greenville SC 3 years ago and love investing here. I also own rentals in Austin TX and have been very happy with them. I imagine San Antonio would be a great place to invest. Arn

You could trade into a property and rent it for 2 to 3 years and then move into this property as a primary residence. My CPA said you should show the new property as a rental for 3 tax returns. This is a grey area check with your own CPA.

I agree Greenville market especially near downturn is very strong. Recently purchased something in North Main held it for four months while I figured out renovation plan. Got an unsolicited offer for 12% over what I paid. I guess that's not a fix and flip just a flip. :-) Greenville is fabulous and only will get hotter as more folks around the Country become aware of its potential.

Where are good markets to invest in single family homes?

Rents for single family homes in Greenville, SC increased 17% in the past year.

What is your market like?

Where do think is a good market to invest in?

Dan 

I would be happy to sit down with you for a coffee or a beer and discuss Greenville with you.

Generally, mid to late afternoons best for me.

Where will you be staying?

Arn Cenedella

Rubelyn

Do you know what the rules are about sharing BP content on one's website and social media channels?

Thanks

Arn

Daryl

Thanks.

I love it here in Greenville and have been investing in North Main but want to branch out from downtown as time goes on.

Arn