All Forum Posts by: Kevin Sellon

Investment Info:

Single-family residence buy & hold investment in North Charleston.

Purchase price: $577,000
Cash invested: $12,803

Welcome to 5323 Helene Dr, a stunning and thoughtfully reimagined home that blends style, function, and profitability as a top-performing short-term rental. We designed and renovated this one-of-a-kind property, creating an inviting retreat filled with modern charm and exceptional comfort.

What made you interested in investing in this type of deal?

This was our first investment in the Charleston area, and after searching high and low, we knew this was the one the moment we walked through it. Nestled in a quiet cul-de-sac, the property perfectly aligned with our goal of creating a warm, family-friendly short-term rental. With North Charleston's evolving STR regulations on the horizon, we did our due diligence early, ensuring the property would comply with the new laws—and it did. Now, we proudly operate a fully licensed, highly profitable

How did you find this deal and how did you negotiate it?

We found this deal on the MLS and did very little negotiating due to the hot market in 2022.

How did you finance this deal?

With a limited partner and traditional financing.

How did you add value to the deal?

Due to my background, I did the lion's share of the remodeling myself and my wife did the interior decor with mostly reused items making it a slam dunk.

Investment Info:

Single-family residence buy & hold investment in North Charleston.

Purchase price: $577,000
Cash invested: $12,803

Welcome to 5323 Helene Dr, a stunning and thoughtfully reimagined home that blends style, function, and profitability as a top-performing short-term rental. We designed and renovated this one-of-a-kind property, creating an inviting retreat filled with modern charm and exceptional comfort.

What made you interested in investing in this type of deal?

This was our first investment in the Charleston area, and after searching high and low, we knew this was the one the moment we walked through it. Nestled in a quiet cul-de-sac, the property perfectly aligned with our goal of creating a warm, family-friendly short-term rental.

With North Charleston's evolving STR regulations on the horizon, we did our due diligence early, ensuring the property would comply with the new laws—and it did. Now, we proudly operate a fully licensed, highly profitable

How did you find this deal and how did you negotiate it?

We found this deal on the MLS and did very little negotiating due to the hot market in 2022.

How did you finance this deal?

With a limited partner and traditional financing.

How did you add value to the deal?

Due to my background, I did the lion's share of the remodeling myself and my wife did the interior decor with mostly reused items making it a slam dunk.

Investment Info:

Single-family residence buy & hold investment in North Charleston.

Purchase price: $577,000
Cash invested: $12,803

Welcome to 5323 Helene Dr, a stunning and thoughtfully reimagined home that blends style, function, and profitability as a top-performing short-term rental. We designed and renovated this one-of-a-kind property, creating an inviting retreat filled with modern charm and exceptional comfort.

What made you interested in investing in this type of deal?

This was our first investment in the Charleston area, and after searching high and low, we knew this was the one the moment we walked through it. Nestled in a quiet cul-de-sac, the property perfectly aligned with our goal of creating a warm, family-friendly short-term rental.

With North Charleston's evolving STR regulations on the horizon, we did our due diligence early, ensuring the property would comply with the new laws—and it did. Now, we proudly operate a fully licensed, highly profitable

How did you find this deal and how did you negotiate it?

We found this deal on the MLS and did very little negotiating due to the hot market in 2022.

How did you finance this deal?

With a limited partner and traditional financing.

How did you add value to the deal?

Due to my background, I did the lion's share of the remodeling myself and my wife did the interior decor with mostly reused items making it a slam dunk.

Investment Info:

Single-family residence buy & hold investment in North Charleston.

Purchase price: $577,000
Cash invested: $12,803

Welcome to 5323 Helene Dr, a stunning and thoughtfully reimagined home that blends style, function, and profitability as a top-performing short-term rental. We designed and renovated this one-of-a-kind property, creating an inviting retreat filled with modern charm and exceptional comfort.

This spacious 4-bedroom, 2.5-bathroom home boasts a brilliant layout, featuring two distinct living areas and versatile bonus space. Expansive sliding doors and abundant windows bathe the home in natural light, enhancing its open and airy feel. Every detail has been curated with designer touches, creating a warm and sophisticated atmosphere.

Whether as a dream home or a highly profitable short-term rental, 5323 Helene Dr delivers an unparalleled combination of beauty and functionality in the heart of North Charleston.

What made you interested in investing in this type of deal?

This was our first investment in the Charleston area, and after searching high and low, we knew this was the one the moment we walked through it. Nestled in a quiet cul-de-sac, the property perfectly aligned with our goal of creating a warm, family-friendly short-term rental.

With North Charleston's evolving STR regulations on the horizon, we did our due diligence early, ensuring the property would comply with the new laws—and it did. Now, we proudly operate a fully licensed, highly profitable

How did you find this deal and how did you negotiate it?

We found this deal on the MLS and did very little negotiating due to the hot market in 2022.

How did you finance this deal?

With a limited partner and traditional financing.

How did you add value to the deal?

Due to my background, I did the lion's share of the remodeling myself and my wife did the interior decor with mostly reused items making it a slam dunk.

Hello,

I am just starting out in Charleston SC, I work as a bartender and project manager for a restaurant in downtown and am looking for a the best way to become financially independent as soon as possible. We have about $100k to start investing and have already set up an LLC in the state. My main question is what are some of the best ways to start showing income for our company to get approved for loans? Should I put my wife on payroll as a property manager?

I would love to quite my 9-5 (actually 4pm-2am) as soon as possible and show my main source of income through the LLC.

We are currently in the process of closing on a home with an ADU in the backyard that brings in about $2700 a month through Airbnb and feel like this is great first step. Our main focus will be BRRRR'ing and buy and hold.

Any advice or thoughts are welcome, I really want to get a conversation going about how to make those first steps to work for yourself as I haven't been able to find many posts on the topic.

Hey @Troy Gandee, thank you for the helpful information. I will definitely look into both of those recommendations! 
I see that you host local REI events. It sounds like a great way to get introduced to the area and other like minded people. Thank you for reaching out and I look forward to hopefully meeting you soon.

Hello, 

I recently moved to the Charleston area and am looking to open up an account with a local credit union, does anyone have any recommendations for RE friendly credit unions in the area?

Thank you!

Thank you all so much for the warm welcome. Thomas Morley, I will be moving from Marin County up north but I was raised all throughout CA. 

Hello, 

I am a newbie investor who is currently in the process of relocating from CA to Charleston SC. We recently flipped our first home and really want to use the capitol wisely to invest in multifamily units. I have been devouring all of the bigger pockets material as well as taking courses from a local investor who has become one of my mentors. I'm really excited to get out to the Charleston area and am looking to make connections with any investors, wholesalers, agents, property managers, general contractors or anyone else reading this who is interested in investing! 

I am looking to build my portfolio and assemble a core 4!

Thank you for taking the time and really look forward to hearing from the forum.