Newish investor in South Carolina

Newish investor in South Carolina

Member since 2022 · 22 posts · 18 votes

Hi, everyone. I'm an ICU/ER RN with a military background that inherited a business that was sold and property then leased back to the new owner of the business. It's paid off and cash flowing well, and I've realized this might be an avenue to exiting the nursing profession. I'm fortunate that I can work full time in only 3 days a week at my j-o-b which leaves more than half of my time available to learn and do in REI. I don't have kids, so this is something I intend to throw my entire self at instead of pursuing graduate training in the nursing field. I'm grateful for any opportunity to network and learn from this organization.

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Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
3y

Welcome to BP, Ryan! What type of business did you inherit?

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  • Investor · SC NC, VA · Member since 2020 · 1k+ posts · 756 votes
    3y

    Hi Ryan - you may want to checkout the Meetup app and attend some of the investor meetings we have monthly here in MB and NMB.

    • Member since 2022 · 22 posts · 18 votes
      1y

      @Mark H. Porter hi, Mark.  I will definitely do that.  I grew up in MB, and my commercial rental is thriving in the Socastee area directly off 17 Bypass.  I now live in Columbia but am not opposed to driving back and forth and investing in Horry Co.  I know it's probably one of the hottest markets in the country.  

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    3y

    Hello Ryan, it's great to have you here!

    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

    I hope BP serves as a helpful resource for your REI endeavors!

  • Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
    3y

    Welcome to BP, Ryan! What type of business did you inherit?

    • Member since 2022 · 22 posts · 18 votes
      1y

      @Zach Edelman hi, Zach. Sorry for the delayed reply! After plugging into bigger pockets, I made the grave mistake of purchasing a larger SFR and thinking I'd do most of the labor myself. 2 years later, the house looks good 🤦🏻‍♂️😂. Lesson learned.

      My father built a reputable automotive repair garage after his 21 year career in the USAF. It is in its 40th year of operation today. I hold a sizeable equity share with NOI approaching gross revenue in a second 5 year triple net lease with rent increasing 3% annually.

  • Real Estate Agent · Columbia, SC · Member since 2012 · 112 posts · 106 votes
    1y

    @Ryan David Dodd have you purchased anything else in Columbia other than your primary? You seem to be in the perfect position to house hack a small multi family and rev up your RE investing.

  • Member since 2022 · 22 posts · 18 votes
    1y

    @Chris DeTreville not yet! I'm putting the finishing touches on my current primary residence so that when the time is right, I can pull the trigger, be it house hacking or another strategy.  Right now I'm in an aggressive learning phase. 

    I know I can probably use the VA to get into 2, 3, or 4 unit multifamily properties a year, and over 3-5 years of doing that, I'd probably have a portfolio of 1-2 million. I will not be shy about pulling the trigger once I'm more comfortable with market and deal analysis. I anticipate doing something this year. Just not sure yet what it looks like but I'm off work for the next two weeks and very heavily investing in my knowledge base, plugging back in here, and preparing to get the most out of BPCON so that I'm prepared to make big moves when the time is right.

    Would you like to catch up over coffee or a cocktail?

    • Real Estate Agent · Columbia, SC · Member since 2012 · 112 posts · 106 votes
      1y
      Quote from @Ryan David Dodd:

      @Chris DeTreville not yet! I'm putting the finishing touches on my current primary residence so that when the time is right, I can pull the trigger, be it house hacking or another strategy.  Right now I'm in an aggressive learning phase. 

      I know I can probably use the VA to get into 2, 3, or 4 unit multifamily properties a year, and over 3-5 years of doing that, I'd probably have a portfolio of 1-2 million. I will not be shy about pulling the trigger once I'm more comfortable with market and deal analysis. I anticipate doing something this year. Just not sure yet what it looks like but I'm off work for the next two weeks and very heavily investing in my knowledge base, plugging back in here, and preparing to get the most out of BPCON so that I'm prepared to make big moves when the time is right.

      Would you like to catch up over coffee or a cocktail?


       Sure- shoot me message and lets set something up

  • Rental Property Investor · Hampstead, NC · Member since 2024 · 107 posts · 54 votes
    1y

    Welcome Ryan. I am not too far up the coast. I know a good realtor in Myrtle Beach if you are interested. 

  • Member since 2022 · 22 posts · 18 votes
    1y

    Hi, Heath!  Thanks! I'll message you. 

  • Real Estate Coach · Miami, FL · Member since 2024 · 1k+ posts · 484 votes
    1y

    Welcome, Ryan. You’re in a strong position, cash-flowing real estate, a flexible schedule, and the drive to go all-in. Leveraging your existing asset and time to learn the ropes of active investing could be a powerful path to transitioning out of nursing. Whether you go into rentals, flips, or commercial, your discipline and availability give you a real edge. Happy to connect and share insights and knowledge!

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