North Charleston, SC · Member since 2013 · 19 posts · 0 votes
Just joined and looking for help with the local Charleston, SC market mainly around North Charleston and Summerville. Also any mentoring from someone in the area would be great. I am new and a little anxious about the whole idea, but I have been thinking about making my home a rental property for some time. I live in the Archdale neighborhood and it seems a good place to have a rental property based on my neighbors results.
I see this is only your second post so welcome to Bigger Pockets. Sorry I don't know the are but I do suggest you set up an alert (Small print upper right "My Keyword Alerts") for your area. That way when someone mentions your area you will get notified. It is a terrific way to build your network here.
Hey Tim- welcome! I'm down in Charleston as well, and I do some of my investing here. It's always a good idea to check out the local REIA to meet people, share ideas, find deals, etc. The meetings are usually in N Charleston. Start taking action and the anxiety will melt away! I'd be happy to have a conversation with you, if you'd like, to give you some insight.
The real anxiety I have is the money part. I don't really have a lot but I did get a good deal on my current home which I would like to turn into a rental and buy another home. I think this is the best way for me to get my feet wet so to speak. I would love to have a little extra income. Problem is I am still remodeling and my wife won't be ready to move anytime soon, and I am not about to make her, I couldn't if I wanted to anyways.
I know there are things like wholesaling but I don't really understand that whole process. I don't really know any other investors to help. I am pretty handy and anything I can't do to fix up a house, I could either find the answer and do it myself pretty quickly or would be willing to contract out. That's where I am lost I could do work but I don't have capitol.
Ok I see. Well if the timing isn't quite right at the moment, it may help to start researching areas of interest (wholesaling, rehabs, etc) and widening your circle to include some active investors. BP is a great start, and there are Meetups and networking events all over Charleston that are fun and really rewarding.
There are also a lot of valuable informational resources on this site. Once you become involved with investors who are applying these principles that you learn in your research, you'll start to see it all come together. Shortage of capital is a roadblock, but definitely not a dead end.