All Forum Posts by: Tradd Bastian

Buddy, where is the next meeting and at what time? I've missed the last few and I'm ready to get back in the grove.

Steve, did your daughter end up taking a job in Charleston? Did you find a property for her? Feel free to contact me, if love to help. Have a great day.

Levi T. Well said. I read about a third of the posts. While I believe it is good to be conservative and cautious when investing, one still has to pull the trigger. It comes down to one simple idea, buy low. If bought properly, one can do whatever he/she wants after that. Don't get caught up in the bs and make sure the numbers make sense. Buying purely based on possible appreciation is a suckers bet (that said, suckers can still win). But, they are usually the ones holding the bag at the end of the day as well. I love that there are so many passionate people in the real estate game. Keep it up.

The deal: 

1. 2 single family homes on 2 separate TMS numbers, but they are essentially on the same lot. 

2. Front unit has had the same tenant for about 9 years at $650 per month. Could be raised. 

3. Back unit was just rented and has a lease in place till Jan of 2018 at $650 per month.

4. This is a package deal, as there is no right of way to the back unit at this time.  

Let me know if you have further questions about the units. 

[email protected]

I have two single family homes that are on two different TMS numbers, but essentially the same lot.  Both are rented for $650.  One tenant has been in place for over 9 years. An easement could be put in place for access to the back unit and sold individually.  I am selling as a package deal. 

Email me for further information. 

[email protected]

Michael Thompson I'm not sure if it's state wide, but there is a property tax calculator online. Google property tax calculator for SC. Each county/town is a little different. I'm moving to a different town in the same county and my taxes are going to be $200 more annually for the same priced home than in the town I'm in currently.

Michael Thompson Great question, property taxes in SC are very inexpensive. But, on a secondary/investment property they are about 2.5 times that of your primary for the same home. Just keep that in mind as well. You said you are looking to potentially relocate to Myrtle Beach. Why Myrtle Beach specifically? If you are concerned about schools, Mt. Pleasant has some of the best schools in the state. The homes are definitely higher priced, but the area is very nice and the public schools are very good from what I understand. You can check for yourself on line, I believe it's greatschools.com or something similar. If you do go to Myrtle Beach, please let me know. I've got a friend that is an agent and property manager in the area and could be a great contact to help guide you in the right direction. Have a great day.

Collin Smith see above.

Collin, Welcome to BP. I went to college at FMU, but haven't been back to Flowtown in a minute. I know one really solid agent in Florence, his name is Ken Jackson. I believe he is still with Remax, you should be able to find his info. Tell him Tradd (former KA president) sent you his way. As far as the multi vs single family, I'd go multifamily. The reason why pertains mostly to maintenance. With a multifamily unit, you generally will have one roof, 4 exterior walls, one structure to insure, one lawn to cut, and so on. You may not get a higher amount of rent for these units, but your maintenance outlay would potentially be less than if multiple sfd's. Each market is different and I don't know your market well enough to speak on it, but I like multifamily in just about any market. I hope that helps and good luck with your future endeavors.

The Opportunity:

Prime location in SC

Off Market

300+ class b units 

Built prior to 1990

Value add 

$60 million plus 3% fee

4% CAP rate

Lots of high value acreage (reason for the low cap rate)

More info provided with signed buyer rep agreement 

Feel free to contact me directly

Cell: 843-224-0771

Email: [email protected]