My husband and I are looking for a change in scenery and want to relocate to a place that鈥檚 good for flipping houses. I was looking into smaller towns in South Carolina like Mullins, we wanted a warmer winter馃榿, but wanted to see what places in South Carolina were good for flipping? Mullins seems like houses might not sell very fast, but we are newbies so any advice on Mullins and The S.C. market in general would be extremely helpful!!
Hi Stephanie, The area you are looking is not well developed - lots of agriculture and not urban at all. Which means low paying jobs and a smaller buyer pool. I'm in Greenville, which is one of the hottest markets in the Southeast. This area is great for sellers, but there's lots of competition for flippers. There's a lot of manufacturing in SC = low unemployment = huge need for housing. Follow the jobs and you'll find your sweet spot. You are always going to be better off looking at bedroom communities of larger urban areas. The sprawl is very real around here and other than Charleston and Columbia, traffic is manageable, so people don't mind commuting.
Hi Stephanie, The area you are looking is not well developed - lots of agriculture and not urban at all. Which means low paying jobs and a smaller buyer pool. I'm in Greenville, which is one of the hottest markets in the Southeast. This area is great for sellers, but there's lots of competition for flippers. There's a lot of manufacturing in SC = low unemployment = huge need for housing. Follow the jobs and you'll find your sweet spot. You are always going to be better off looking at bedroom communities of larger urban areas. The sprawl is very real around here and other than Charleston and Columbia, traffic is manageable, so people don't mind commuting.
Scotts Valley, CA 路 Member since 2018 路 46 posts 路 11 votes
5y
Hi Stephanie - I am a long-distance flipper, based on California, working on my second flip in South Carolina.
Specifically, my investments are around the Charleston suburbs, and that area is certainly hot. I initially wanted to BRRRR or what-have-you, but found South Carolina to be difficult for non-owner occupied investments.
As for Mullins, I cannot say. A quick Google tells me that Mullins has no large employers, so you'd have to figure out where they commute to, and what would give them the means to buy a flipped property.
For flipping, my local realtor believes that foreclosures in South Carolina will hit the market in late spring to early summer. Of course, confirm that, make your own conclusions, talk to your attorney, or whatever.
If you move to a new locale, I would also think about establishing your team now...would you be seen as an outsider? Or is there a realtor or wholesaler or someone well connected who could get you on the early side of opportunities. I just think these small towns would be tight-knit.
Best of luck, and feel free to reach out if you wish to discuss further.
Real Estate Agent 路 North Myrtle Beach, SC 路 Member since 2018 路 110 posts 路 99 votes
5y
Hey @Stephanie Mansfield - we are also getting away from the cold and moving to the Myrtle Beach area. I am biased, but definitely check out that area. It is big on tourism which, apart from the lockdown earlier this year; has in fact been bolstered by the pandemic as a lot of people are driving there and getting out of the larger cities. Very hot market for rentals and development.
Investor 路 Pawleys Island, SC 路 Member since 2015 路 324 posts 路 385 votes
5y
I live in Greenwood, SC, which is semi rural and am from Myrtle Beach. Mullins is really rural. I am not sure how much success you will have there. My preferred market is Columbia, SC. Right now the market is really hot and there is a lot of competition.
I am a newer realtor in Columbia, South Carolina. For anyone looking for someone to work with in any capacity I am available. I am also trying to find my own investments and embark in that journey as well.