All Forum Posts by: Clyde Mulkey

@Paul Sofia . No worries about zoning or planning.  This property is located outside city limits (so in the county) very minimal zoning and restrictions (if any). Also, this property once had over 20 MH's on it. My client purchased 2 yrs ago and has been buying cheap old MH's and doing total rehabs on them (owns a construction/remodel company)  So zoning, no issue. 

@Anthony Dooley.  What is your experience with this type of project? Have you done this before?  If so, I would like to talk about how you did it.  

 What you are suggesting in your comment is what he has been doing.   We find cheap older MH's get them moved to the park and he has his crew come in and update/remodel them.  It is working but is very limited in scaling.  

The demand for what he is developing is great and he would like to find an option to move faster or at least buy multiple MH's at a time.   Mostly want to see what his options are and if it's worth staying on the current path or taking a little short term debt to speed up the process.  Thanks! 

I have a client who currently owns a MH park with 14 (park owned) MH's He is in the process of clearing some more land and will have room to add about 30 +- spots.  We're looking for options for short term/ long term loans for adding units.  Any suggestions would be GREAT!  Thanks 

Ian, hello, hope your finding the info your looking for on the site. I am a Realtor/investor in the Clemson. If I can help with anything please feel free to reach out. 

Clyde

great job! thanks for sharing and taking the time to provide the details and pictures! it really helps when you can see real info not a bunch of fluff. keep up the good work.

@Philip Mullinax as an investor friendly Realtor I've helped several of my clients with this type of transaction. if I'm only writing up the paperwork and setting up the attorney I will charge a small flat fee. if I need to find the buyer a lender, and walk them through the inspections all the way to closing my fee is a little more but way less than the normal commission. You may suggest the buyer hire their own agent (and have them pay the commission, yes that does happen) if they have never purchased a property before. But overall it's not a very hard process if you have a good closing attorney. feel free to contact me anytime if you have any questions. I'll be glad to help if I can.

I am looking into these credits too. I'm in the process of purchasing a 1900s building that was originally a hotel but converted into small apartments.  My long-term goal is to convert it back to a hotel (airbnb) style property.  Any advice or tips would be greatly appreciated!  

I have 3 properties listed for sale (same owner) 

2 houses and a duplex (100% occupied) 

1. 807 E S 2nd - (Asking $50k) 4/1 - $625 /mth  (Taxes: $575/yr  Insurance: $560/yr)

2. 817 E S 2nd - (Asking $40k) 3/2 - $650 /mth (sect 8 renter) (Taxes: $725/yr  Insurance: $550/yr)

3. Duplex - (Asking $110k) 3/1 per side - $475 & $500 per /mth (below market rate) (Taxes: $1415/yr  Insurance: $750/yr) 

Same owner for above 3 and would be willing to do a package on all.  The houses are in a C/C+ area and the duplex is in a B/B+ area. (Owner has had very low vacancies over the years) No owner financing available. 

Feel free to call, email or text me with any questions, 

Thanks, 

Clyde 

864-247-9926

[email protected] 

Hey Andrew, sorry my relpy took so long, I just got an alert today.

Clemson does have some crazy laws about rental houses. I work with people who have homes in Seneca,  Pendleton, LA France, central, liberty, six mile and some other surrounding areas.  Not all college students want to be in an apt or close to school. The demand for rental houses is still good for students and even better for non students.  

Give me a call sometime so we can talk about what you're looking for. I'll be glad to help in anyway I can. Thanks Clyde

@Andrew Merritt  I live and work in Clemson.  I am a Realtor but mainly focus on working with investors who flip and buy and hold.  I have owned a few rental properties in the past and will own some more in the near future.   Let me know what you are looking for in the area, I may know of a few things that you maybe interested in.  Like @Chad Carson says the inventory is very low right now.  Which drives the prices way up.  There are still a few deals to be had but you may have to look past the current condition of the house and area to see the future value.  Feel free to contact me anytime.  I will be glad to answer any questions you may have.  Thanks!