Purchased a lot of these type deals in the past in the Rock hill SC and Surrounding markets. The lower end product takes the right mind set. Just my two cents
Great price , very rough area ( values right around $50k not that it would ever sell at that price.. D type of properties in and around the area. If that's you cup of tea. Could be a great deal to be in under 40k when fixed up. I am thinking more like 25 to 30k on rehab on rehab. Rents seem to be $650 month on average for that area.
Hope that helps, and not trying to be a know it all just in SC and like breaking down deals
Purchased a lot of these type deals in the past in the Rock hill SC and Surrounding markets. The lower end product takes the right mind set. Just my two cents
Great price , very rough area ( values right around $50k not that it would ever sell at that price.. D type of properties in and around the area. If that's you cup of tea. Could be a great deal to be in under 40k when fixed up. I am thinking more like 25 to 30k on rehab on rehab. Rents seem to be $650 month on average for that area.
Hope that helps, and not trying to be a know it all just in SC and like breaking down deals
I definitely appreciate the feed back! The deal might not be perfect for everyone, but someone may think it is a good opportunity to get in the game with a low initial investment cost. What areas are you currently investing in? I currently have several SC properties. I always value the input of other investors.
I definitely appreciate the feed back! The deal might not be perfect for everyone, but someone may think it is a good opportunity to get in the game with a low initial investment cost. What areas are you currently investing in? I currently have several SC properties. I always value the input of other investors.
Brad I agree promise was not knocking the deal. Myself and some of my Clients/investors have lost money on low end deals. So even know their lower price range these type of assets are more for advanced investors. That know what they're doing and getting into. I still own a few myself. Best deal picked up for 10K, 20K rehab. That was 8 years ago. Paid for itself already.
Keep in mind lower end rentals there's a certain appetite to deal with these assets.
As alot more turn over, eviction, rehab cost associated with holding.
I applaud you for finding the deals. Glad we touched base through some private . I look forward to working with you in the .
if I can help in any way with any of your deals in North and South Carolina to be analytical of them please ask away.
Please all, bare with my grammar, and spelling most of my messages are done from my phone. To be 100 % honest. When I am typing or emailing something very important I send to my wife to have her clean it up and detail it out.
Well we are iced in here in Rock Hill SC.
Hope everyone stay safe and warm thats in the path of this winter storm.
@Alex Franks I will be contacting you soon to take you up on that help analyzing deals in SC. I have gotten another SC lead and I am really starting to feel like with the # of leads in SC I am getting I really need to learn more about the SC market so that I can put quality wholesale offers out there.