Quote from @Jay Hinrichs:
having done bizz in both cities I have to say I really love Charleston we were one of the first builders to build across the tracks in charleston I bought my first lot there for 20k and built and sold the house to Shep of southern charm.
we have done a lot of stuff in Fountain sq as well new builds and remodels. plus a ton of rental financing for investors in Indy..
I kept a few rentals medium term in Charleston one on Amherst which was a converted and made it into a 4 plex plus built 2 unit behind it . Property tax's there for out of state though are pretty steep and so we sold and cashed out.. We also did a high end on on New st that was a super fun project.
are you talking about fHA 3% down loans owner occ.. ?? when you bought another did you have to pay one of your old ones off or refi it ? I was under the impression you could only have one at a time.. but maybe one for wife one for you.
I have a new build coming up in Fountain sq and am looking for a broker .. ping me if you would like to chat about it.
Hey Jay! Thats so awesome about Shep. Im pretty sure a friend of mine is his personal trainer. The same guy trains Danny McBride so I found a way to get on season 2 of Righteous Gemstones. That was a blast!
I still have one property out on Clements Ferry closer to MP and then another property in WA right off 17 just north of avondale. I will agree with you on the taxes!
In regards to my financing strategy I was able to do a no money down VA loan on the first property. About 10 months later I purchased my second property with a zero down VA loan as well. I was suppose to have to wait 12 months but was told if I wrote a letter explaining why I wanted to move I could move sooner than the 12 months so thats what I did. I lived in that second home for 12 months and then purchased my third property with a 5% down conventional loan.
I will send you a PM about the Fountain Square property. Thanks!
