All Forum Posts by: Lance Rogers

 Hi Steven,

I have a home in Rock Hill I'm looking to rent out soon and was thinking about using Rabbu.  How has your experience been so far?

I live on a large 4.38 acre lot in an up and coming area in SC and my lot is off a major road in the city (property is not part of the city but is physically located inside city limits).  I am living in a guest house that was built on the property and there is an approved site for a main house.

There is another section of my lot that is .5-.75 acres and sits between the major road and a section of my driveway that I would like to subdivide and build a duplex on, but I am not sure where to start to know if I'm even allowed to build there.  The lot is zoned RC-I but is next to several RC-II properties.  Building on this part of my lot would not affect the plans for the main house and has enough room to meet all setback requirements.  The duplex would also be close enough to the road to access city water and sewage, where as the rest of the property is not close enough to access them.  I want to build an eye-catching, modern looking duplex that can easily be converted into a single family home.

Assuming I can get approval for a duplex here I'm going to try and buy a few of the older surrounding homes and modernize them in an attempt to increase development interest in this side of the city.  There has been major investment in other areas of the city, but so far my part of the city has not received much new investment yet.

Are there any good books on new real estate development that I should read first?  Should I start with calling the county and asking what I need to do?

*Update* I ended up using Allstate for the property because it was cheaper than NREIC and also saved me money for all my other policies

Thanks I just sent them an email, hopefully it'll work out.  I've talked to 4 companies so far and 3 don't provide any plan for NC investment properties and 1 will only do it if I transfer all my other policies to the company first.

I am in the process of renting out my first property.  I recently moved out of my condo and am planning to rent my condo.  The insurance company I have been using for condo insurance does not offer landlord insurance policies.  I have a mortgage on the property so I need to figure this out soon.

What companies offer policies for rental condo's in NC?

I will look into this, thanks! 

What is a good way to bring this up and how do we decide on an interest rate?  I'd like to pay 4% but I'm guessing I'll need to pay more than that to convince him to do it. 

I'm working on financing a 4 acre property in Rock Hill SC with a unique home. The home is a 4 car garage with a 2 bedroom apartment on top. There is one bathroom upstairs and one downstairs. I was approved for an FHA loan, but we have not been able to get an appraisal so I have started to look elsewhere. My credit union agreed to finance it with 10% down, but came back today saying they would only finance 50% due to the home being unique. I've applied to a few other lenders, but I think they will probably say the same thing. My plan for the property is to live in the existing home for 1-2 years and then use cash to build the main house. What else should I try to close the deal?