Real Estate Agent 路 Columbia, SC 路 Member since 2012 路 112 posts 路 106 votes
Hello BP,
We are currently in search of scatter site single family portfolio's in Columbia SC, Augusta GA, Greenville/Spartanburg, SC and generally smaller markets within a 45 min drive of these cities. C class homes seem to be the best fit. The portfolio can be any size, with any level of rehab needed. This buyer is less restrictive than most of the institutional buyers in terms of buy box. 2/1's are ok, older homes are ok, occupied or not. While SF is the target, they can take down multi family and townhomes/condos as well if they are part of the portfolio.
Additionally, we have another buyer for your A-B class single family in Charlotte, NC or Atlanta, GA with a more traditional institutional buy box that looks like this;
All Single Family Homes
$150-$300K target
Will go down to $100K or up to $400K depending on market/deal
1960 or newer homes- Prefer 1980 or newer
Do not participate in Housing Assistance Programs
Must be Off Market
This buyer may look at the cities listed in the first paragraph as well if the deal is right.
Chris, I know you didn't list it but if your buyer is at all intrigued by Detroit I can definitely chat/help. I have a ton of experience in the market and see a ton of off-market deal flow with a close friend that operates a turnkey company there. He does packages like this often.
You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:
https://www.biggerpockets.com/...
(BP search feature can be problematic, so we鈥檝e also added links @ our website under View Cities & Neighborhoods We Service)
Doubt you'll find this much info for any other market in the country. So, why would you invest remotely anywhere else?
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