South Carolina House to (difficult to wholesale)

New to Real Estate · New York, NY · Member since 2018 · 13 posts · 8 votes

I have a home in pee dee area of South Carolina that I've been trying to wholesale since, mid Dec, although this is my first deal, it is a little different since Im doing it for a close relative of mine, (and they are patient with me and trust that i'm trying to sell for them.) The area the property is in is not a hot zone for investors to pay for and no wholesalers i know currently do business there. (breakup/split situation) I'm just stuck honestly. anyone else in SC or close to florence, marion, dillon area ? thanks maybe something is off on my side.

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Jonathan GreeneBusiness Member

Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes

So, you have been attempting to wholesale a property in SC from NY since December and your relative is being patient? If they need to see, why is this their best option? What buyer contacts do you have in their little area of SC? Why don't they just put the house on the market with a local real estate agent and get the most that they can?

I think what's off is you are trying to long-distance wholesale a deal, for family, with no buyers and no experience. What are you doing to try to find them buyers and what is your background in real estate, transactions, or wholesaling out of state?

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Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
6y
So, you have been attempting to wholesale a property in SC from NY since December and your relative is being patient? If they need to see, why is this their best option? What buyer contacts do you have in their little area of SC? Why don't they just put the house on the market with a local real estate agent and get the most that they can?
I think what's off is you are trying to long-distance wholesale a deal, for family, with no buyers and no experience. What are you doing to try to find them buyers and what is your background in real estate, transactions, or wholesaling out of state?
[email protected]Podcast Guest on Show BiggerPockets Daily 667: 5 Amazing Benefits Multifamily Investments Offer (That Single Family Homes Don’t) by Gino Barbaro
Zen and the Art of Real Estate Investing59 Reviews
Website View Page
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Brandon W.
Rental Property Investor · Columbia, SC · Member since 2018 · 83 posts · 33 votes
6y
Hi @Timothy J. Cudjoe
PM me the details and I can give you my analysis from a buyers perspective.
Brandon
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Timothy J. Cudjoe
OP
New to Real Estate · New York, NY · Member since 2018 · 13 posts · 8 votes
6y
could i get you guys email please .
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Kai Kopsch
Real Estate Broker · Charlotte, NC · Member since 2016 · 569 posts · 351 votes
6y
@Timothy J. Cudjoe I understand everyone has to start with there first deal but please make sure you're not getting in trouble brokering a real estate deal in SC without a license! (i'm trying to sell for them) doesn't sound like wholesaling do you have a valid contract including earnest money deposit? Are you able to portages the home from you're relatives if you don't find a buyer in time? If one of those isn't in place you're not even allowed to advise the seller!
SECTION 40-57-20. Valid Licensure Requirement for Real Estate Brokers, Salespersons, and Property Managers.
It is unlawful for an individual to act as a real estate broker, real estate salesperson, or real estate property manager or to advertise or provide services as such without an active, valid license issued by the SC RE commission

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