South Carolina Brrrr markets
Hello BP family!
My name is Jesse, and I am a Keller Williams agent in Wilmington, NC. I have listened to the BP podcast for a couple of years now but am just becoming active on this site. Thankful to have this wealth of knowledge through you guys! I am going to start doing some Brrrr's in some other markets around NC/SC. I have a solid connection to a fantastic team in Fayetteville, and a friend/mentor who knows the market very well. I am also interested in some other markets.
My question is- What are your favorite SC markets to Brrrr in, and why?
Also, please comment your experiences in the following markets-
- Columbia, SC
- Florence, SC
- Sumter, SC
I look forward to hearing from you! Thanks in advance.
- Jesse
Most Popular Reply
Will,
No problem finding BRRR properties in Columbia and I should say it works with small multi-family properties at least as well as with SFH. But the reason I am continually pushing buyers into less expensive homes is that the numbers are dramatically better in the 40-80K purchase price range than 125 and up. There is such intense competition for suburbs from large funds that seem to be happy with a 4 % CAP rate that I keep urging buyers into transitional areas, solid neighborhoods and workforce housing. Places we used to call 'blue-collar' and now call the working poor.
There are others but it is most consistently good and Columbia is nothing if not consistent.