All Forum Posts by: Michael J.

Good morning! I am a realtor in Greenville, SC and have worked with a number of clients from CA. I'd be happy to have a conversation with you to see what your goals are.

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Originally posted by @Leigh S.:

If you are still considering Greenville area, don’t overlook Spartanburg. There are lots of good things happening there and it’s right next door to Greenville. Quality of life if very good and the city is aggressively working on affordable housing to lift everyone up. You can still find bargains if you are willing to put in the work. Lots of neighborhoods in transition right now and I’m not talking about gentrification. I’m talking about good, safe houses for all. And there’s plenty of high end opportunities as well.

I've done several deals in Spartanburg. Actually set to close one next week.

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You are looking to purchase a personal residence and possibly use it down the road as an investment property? Based on the limited info provided, if you absolutely want to purchase one of the houses listed, 2 would be the one to go with. Im assuming the house hit all the criteria you wanted, its just 30 min from work and school?

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Thanks for. your service! Real estate investing is a broad term. Do you have an idea what you type of real estate investing you are wanting to do?

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@Fili Aguirre yes. just get on amazon and order a lockbox and send it to the house. have the homeowner put it on for you.

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look into syndications

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Originally posted by @Neil Furry:

Have the current homeowner try and file a wind/hail claim before the sale goes through. If you can find/know an experienced contractor, they should be able to navigate the insurance process with you. I do this all the time with homeowners as well as real estate agents here in the Indianapolis market. The buyer will want to get the roof replaced, the homeowner doesn't want to foot the bill.. ok, well we step in and get the roof purchased with insurance money. Just make sure the sale agreement states that the current homeowner has to see through the claim as well as the installation of the new roof. Definitely find a contractor that specializes in insurance work. There is an art to working with insurance companies that takes a few years to master, especially when dealing with a home for sale. If you have any questions, I am very experienced in this field.

I was coming here to say this. I try to get all the sellers I deal with to file a claim with insurance on the roof to see if we can get it replaced before purchasing. I will then add the deductible to my offer price. So if they pay $1000 deductible, then I increase my offer by $1000.

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Is this a traditional bank that you are applying for a loan through? I would definitely look at connecting with a lender who specializes in investment loans. Other options would be hard money lenders/private money lenders, borrow the additional 11k from a family member?

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@John Wright has a great suggestion! You could also look in local FB investor groups to see if anyone would be interested in helping you out.

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All Forum Posts by: Michael J.

Michael J. has started 5 posts and replied 186 times.

Post: New Investor Looking For Affordable Market

Post: Investing in 5+ multifamily/apartments

Post: DCSR Loan and forms of Financing

Post: choose any house to get in the market?

Post: New to real estate looking to reach out for mentor

Post: Collecting the keys remotely

Post: Can I Make Investing Simple by Using Other’s Skills?

Post: First Rental Property - Needs Roof Replaced

Post: Creative Financing Ideas/Suggestions

Post: Tips for Finding a Field/Boots on the Ground RE Assistant