I'm sure many of the Charleston investors are aware that duplex-quadplex houses here are not as common as many other areas. I'm trying to 'house-hack' my way into owning my first multi-unit. What resources do you guys use to find multi-unit properties in the area for little down? I have a decent loan officer who is on the same page, I just have to find the property. Do you typically find the properties yourselves or go through whole-sellers?
Real Estate Agent/MLS, Expired/Withdrawn listings, Real estate meetups/networking, craigslist, FSBO Zillow, Driving for dollars
Our realtor/investor friend, @John Semanchuk helped us find a SFR with a converted garage apartment on James Island. The house is a fixer upper, so we got an FHA 203k loan for it (2.5% down, if I remember correctly). We rent the garage on Airbnb and it pays our mortgage in the slowest season, and more than doubles that in the peak season.
I've not not check expired/withdrawn listings, and to be honest, didn't know about FSBO Zillow.
That is great @Sarah Pursell . I'll reach out to John Semanchuk and see if he has any advice for me.