All Forum Posts by: Andrew R. Lucas

@Malcolm Kruger we are moving deals in Columbia SC.  We generally get about 8 properties a month at wholesale prices.  I'd love to connect you with our team to see if we getting properties that would interest you. 

Are you looking to connect with them as a buyer? You can post on facebook in groups. We use REI Live Columbia

Meet us back at Grace street tomorrow for a progress report and see what changes have been made since the last time we saw this reno! See you at noon!! Be sure to bundle up!

DOnt miss out on our November Meetup! We are hearing from Brian Trippe this month on discovering hidden profits! Doors open at 5:30 and we start at 6:00!

@Leah Rapley Not sure if you have an area picked out, but REI Live Columbia is a great networking group that you could join. We meet up about once a week to talk real estate.

Dont miss out on our October monthly REI Live meeting! We are hearing from Adrian Smude. He is the go to guy for everything Mobile Homes and investment properties. Doors open at 5:30!! See you there!!

@Adrianna Tyson you have some great local investors commenting above.  

I'd add that you should consider adding a property management costs to your calculator. I see it at 7%, but that should be 20 or 25% for STR. I know you will probably do it now, but your time isn't free. And you will want to know if this will cash flow even if you can't run it. My experience is that I'd rather hire a manager that already has the "Super Host" designation so my listing will start out with more bookings.

As brandon said above, 3,500 a month is high for actual income.  If its 3,500 gross rental then you would probably get more like 2,400 to you before management, taxes, insurance, and mortgage.  

Happy to help further!

Andrew

@Jack Payne we have over 100 units in Columbia.  We have experience with a number of PMs here.  There are a few good ones, so you should connect with them and interview them to find who fits best with your goals.  Check theses out:

Auben Realty

Cantey Company

Stephenson property Management

Horton Company

Please Join us to see the behind the scenes of one of our flips finally coming to a close!! This home was purchased after it had caught fire. Bring your questions!!

Come Join us for our September meeting! We will be hearing from Andrew Lucas as he presents his own spin off of a Masterclass all about the 10 Steps to finding YOUR next Deal!!! Doors open at 5:30 and we will start at 6:00!!