All Forum Posts by: Jarreau Jackson

Thank you for the encouragement @Julio Gonzalez!

@Brian Nally that's a great idea and I need to start writing a draft.  I have compiled some templates to help me formulate my plan.  Would you be willing to give it a glance and offer feedback?

Hello BP Fam-

I'm excited to post an introduction the same week I'm making my first offer for potentially my first deal (fix up + BRRR rental).
Location: Florence, SC

Short Term Goals: 

- Purchase 1 SFH property by end of the month, convert to a multi family, rent out

- Complete my business plan

Personal Development: 

- listen to all BP Podcast episodes starting from Episode 1 (currently on Ep. 25)

- listen to Rants & Gems podcast 

- re-read The Book on Flipping Houses and ABC’s of RE investing

- read Estimating Rehab book and the E-Myth

- utilize @tuckermerrihew resources

BiggerPockets Goals:

- get at least 3 responses on my first two posts

- improve deal analysis accuracy on the BRRR calculator and Rehab estimator

glad to contribute to the community

BP team-

A deal on a SFH in Florence, SC to fix and flip has hit my desk (can expect $15k+ in profit), however I am trying to determine if I can convert this to a duplex or multifamily. The SFH is 3bd x 1.5ba, 1425sqft on a .34 acre lot. As this is my first flip, I have questions on navigating this deal and welcome any other considerations (finance, estimating costs, permitting/zoning, etc.). This is vacant and was damaged during a flood with large front and backyards.

1) should I approach this as a typical SFH rehab, but multiple the estimate by # additional units?

2) is a duplex the most feasible/viable or is a multi family rental a good option?

3) what are the key things I must considering in estimating costs and selecting contractors?

4) are there any unforeseen implications on financing and permitting or zoning (electrical lines run through the front yard)?

thank you!

@Kelvin Letron Brantley I am late to the party but were you able to help the seller, make a connection and close the deal? What’s been your recent activity in the Florence area?

@Jules Hurst and @Dmitriy Fomichenko were you two able to make a deal? How’s the progress on the property and connection?

Great post and exceptional replies/support even 4 years after the post. This is helpful for me as well. Thank you all for your service. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I'm in the progress of reading J Scott's book, am a new investor new to the Florence, SC area.  With $10k in the bank willing to invest, I came across the single family.  I'm seeking feedback from anyone who has the time ;) and interest to set me on the right path for my first property, potential a rehab (though seller claims roof replaced in 2020), rental, and BRRR.

50% confident in the rehab numbers and inputs, and I'm considering if adding a garage will boost the value.
Thank you for your consideration and input!

- Jarreau