All Forum Posts by: Chris DeTreville

@Alon A. I'm happy to look at the property for you and give you my advice if you'd like.  I have worked and continue to work with several investors from the West Coast.  There are certainly some pitfalls here, but I wouldn't list cockroaches as one of them.  Humidity on the other hand.... :)

Hi Hunter, you should check out Auben Realty in Augusta.  We are a full service investment brokerage firm.  While I am in the Columbia, SC office, there are plenty of networking events and meetups that the Augusta office holds.  

Hello BP,

We are currently in search of scatter site single family portfolio's in Columbia SC, Augusta GA, Greenville/Spartanburg, SC and generally smaller markets within a 45 min drive of these cities.  C class homes seem to be the best fit.  The portfolio can be any size, with any level of rehab needed.  This buyer is less restrictive than most of the institutional buyers in terms of buy box.  2/1's are ok, older homes are ok, occupied or not.  While SF is the target, they can take down multi family and townhomes/condos as well if they are part of the portfolio.  

Additionally, we have another buyer for your A-B class single family in Charlotte, NC or Atlanta, GA with a more traditional institutional buy box that looks like this;

• All Single Family Homes
• $150-$300K target
• Will go down to $100K or up to $400K depending on market/deal
• 1960 or newer homes- Prefer 1980 or newer
• Do not participate in Housing Assistance Programs
• Must be Off Market
• This buyer may look at the cities listed in the first paragraph as well if the deal is right.  

Thank you for reading!

@Jocelyn Canfield  

You're exactly right, but there are some ways to reduce that tax burden depending on the property.  I will DM you.  

I agree with @Andrew R. Lucas about Auben Realty, but I may be slightly biased.  I'll send you a dm!

@Account Closed are you interested in portfolios? I am sitting on several hundred doors in Columbia SC, mostly single family but there is a mix of townhome, condo, small multi family as well.  Some can be split up.  Room for value add.  Reach out to me if you are interested.  

@Kit E.

Is it in Richland County? Here is the link to the county website and a calculator that helps you figure it out.  You will need your tax district for a more accurate estimate (Columbia city limits is 1cc).  I have some ways to help you offset the tax burden here if you are interested.  Let me know. 

https://www6.richlandcountysc.gov/AssessorSearch/(S(qcv02oawnozcfwwu3ah5wy5x))/userinput.aspx

I'd be interested to see some details on the types of listings you are seeing.  Market remains tight here.  

Having said that, there are plenty of people buying here and deals to be found...

@Phillip Vera Do you think we can help @Aaron Oetting via Benebu?

@Kit E. I have an off market deal that might interest you.  In Columbia city limits, $895 current rent and purchase price could probably be around $80k.  

A general piece of advice; watch out for our property taxes. Our non owner occupant rate is super high.  So if you buy a property for $130k and only get $1100-1200 in rent you will not cash flow. I usually look at a property further only if it beats the 1% rule. 

(Tax estimate for a non owner occupant house valued at 130k would be roughly $3,800/year)