All Forum Posts by: Michael Marlatt

Welcome to Charleston!!! I was raised here and what a great place to live!!! There are a few things about the area that you need to consider when buying rentals. The school system here is very challenged and familys with kids want to be in a good school district. Also, there are a lot of great rental opportunitys in Goosecreek, Summerville and parts of North Charleston. With the presence of Boeing getting bigger and bigger coupled with the military bases rentals are commanding top rental rates. If I can offer any advise please let me know. Again, welcome to Charleston one of the best cities in America!

Hi Jason,

Thanks for the great advice! I may get in touch with you when I get closer to buying. I can't wait to get started. I love it in Charleston. I'm so glad we made the transition!

Thanks again

Mike

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Originally posted by @Tim Schmitz:

Hey Michael,

I've lived in Charleston for 15 years and have just started buying and holding rentals. So far, so good. I haven't bought anything yet that doesn't cash flow. One thing I should tell you, is the greater Charleston area is a mixed bag and you really need to scope out each neighborhood/market to make sure it will hit your target. There are many run down areas that offer great cash flow but limited equity. These are also areas where you will have more problems with tenants. Other areas are a good mix of CF and equity. So, best of luck and feel free to contact me anytime to discuss further.

Tim

Hi Tim,

Thanks for the advice! I will definitely do my research. I would love to buy in some of the nicer neighborhoods but I don't have a huge amount of capitol. I think I will start small and hope to save some more money for something better in the next couple of years. Thanks again for your reply!

Mike

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Originally posted by @Steven N.:

Welcome, Michael. I am also new to the Charleston area as I just moved here last Friday and live in West Ashley. I'm looking to buy rentals in the North Charleston / Goose Creek/ Summerville areas as these look like really good rental areas. As for North Charleston I have been looking at some properties located near west of the air force base but I also remember looking at a few nice houses near the northwoods mall area. Anyway feel free to reach out anytime, while I'm not an expert I think we can still help each other out.

Steve

Hi Steve,

Thanks for the info. It seems like the area would have a good rental market. The taxes are high in some spots but overall I think it would be successful. Thanks again for the reply. I'll keep in touch.

Mike

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Originally posted by @Lenn L.:

Welcome to the forums!

I recently relocated from Iowa as well.

Hello,

That's great to hear. We love it here. Where in Iowa?

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Hello all,

I have recently relocated to Charleston from Iowa. My wife and I have owned rentals before and would like to start buying houses for that purpose here. I have some time on my hands for "some" remodels or repairs. Does anyone know about the rental market in the area? I was starting to look in North Charleston because of the lower costs but I don't want to buy if I cant expect to get it rented out soon. Any thoughts from area experts would be appreciated! Thanks!

2 Votes

All Forum Posts by: Michael Marlatt

Michael Marlatt has started 1 posts and replied 5 times.

Post: New to Charleston, SC area. Looking to invest!

Post: New to Charleston, SC area. Looking to invest!

Post: New to Charleston, SC area. Looking to invest!

Post: New to Charleston, SC area. Looking to invest!

Post: New to Charleston, SC area. Looking to invest!