All Forum Posts by: Kevin Johnson

Currently, I'm on the lookout for my first property in and around the Columbia area.

Defining My Criteria:

One of the key aspects of my property search is establishing a clear criteria. I'm targeting both single-family and multi-family properties that align with my valuations of the deal. To ensure long-term success, I'm adopting a conservative approach with a 50% expenditure ratio. This helps me maintain a healthy cash flow and minimizes risks.

The Quest for a Lender:

As a prospective real estate investor, finding the right lender is crucial. I'm currently exploring options for someone who can provide financial support for the down payment on my first property. The decision between a residential or commercial loan depends on the nature of the deal, and I'm seeking guidance on which avenue suits my investment goals. I'd love for some guidance with the loan process (especially since I am quite young). 

Would love to hear what y'all have to say.

Hi folks, hope that you're doing well. Kicking off a discussion to see if people have ideas of where to invest in 2024. Because of high interest rates (as well as soaring insurance premiums), I think cashflow is near impossible to achieve for long-term rentals. Best strategy is to look into rougher neighborhoods, get creative with financing or find off-markets. 

That being said, I still find these cities interesting:

Detroit, Michigan

Charlotte, North Carolina

Cleveland, Ohio
Indianapolis, Indiana

Birmingham, Alabama

Any other ideas? Let's set some goals and crush it!

 @Theresa Harris the power is on different meters but I think the water meter is shared between the ADU and the house. Do you think this would be an issue? There is a laundry in each unit.

Hi I am planning to buy a property in West Columbia, SC and I wanted to know if other investors in that area have experience with renting out an SFH with an ADU? Can I rent out both to different tenants? Does the ADU have to be owner-occupied? Are there any pitfalls or advice you can give me about this scenario?

Thanks!

@Will Gaston on a side topic, how are Lugoff and Elgin areas for rental investment? I am considering few properties there as well.

How much is general rent possibility (Ball Bark estimate) in your opinion / experience for 3 Bed single family or townhome in - 

1. Lexington

2. Columbia

3. Lugoff / Elgin

4 Sumter

Thank you again,

Pradip

Hello,

I am looking to buy 3-5 houses this year in Columbia SC, maybe even more. I would love to find wholesalers to get my houses at the best prices. Please reach out with any leads or contacts.

Thanks,

Roberta

I'm Rubi, a seasoned real estate investor with a deep focus on house flipping, particularly using autopilot strategies. My area of expertise lies in various real estate investment strategies, including the BRRRR method, raising capital, and engaging in joint ventures. I have a comprehensive understanding of deal sourcing, the complexities of renovation, and the nuances of financing.

My approach to building wealth centers on leveraging others' resources, with an aim to create lasting legacies. I place a high value on relationships, which I believe are key in the real estate sector. Outside of my professional life, I enjoy shopping, dining out, spending time with my family, and going on vacations. Real estate is more than just a profession to me; it's a passion, and I'm always keen to delve into discussions and share insights in this field.

I'm based on the East Coast of the USA and am always excited to connect with people who share my interest in real estate and to exchange experiences and insights in this dynamic industry.

Hello – My name is Adelaide. I live here in Columbia South Carolina. I am new to real estate investing and looking to connect with any local investor. Thank you

Any property managers in the North Charleston SC area please?