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Updated almost 7 years ago on . Most recent reply
Out of State investor looking at the Charleston area
Good evening everyone!
I currently live in NYC and have been looking to get into REI. However, NYC and the surrounding areas have high costs of entry and are super competitive. I have been looking into the Charleston area. It looks like there may be some lower cost deals in the North Charleston area. Looking to see if anyone is in the same boat as me being out of state or if anyone local is interested in discussing the area.
-Frank
Most Popular Reply
At my investor's lunch last Wednesday, we had a lengthy discussion about various neighborhoods in N. Charleston. Between the 6 investors at the table, we own 75-80 properties in N. Charleston and have bought/sold many more. The discussion highlighted the fact that there are opportunities in every neighborhood, but prices/values vary widely based on crime, tenant-quality, path-of-progress, etc. Price per squ ft varies from $60 to $150 in my experience. Proceed with caution. @Sarah Young nailed it.