All Forum Posts by: Dan Vollmer

Hey Everyone, 

I am trying to find a good recommendation for an architect in the North Augusta/Augusta GA area to renovate a residential 1930's home in the North Augusta area. Anyone that has had a good experience with a certain one? I appreciate the help! Thank you! 

 Just wanted to thank you for your recommendation! Our family used Huguenin Law Firm in October and they were so great to work with! I really appreciate it! 

Hi Everyone, 
Does anyone in the North Augusta, SC area have a reputable recommendation for a title attorney?

We will be purchasing a home directly from our family and want to make sure that we have the process and all of the proper paperwork done correctly. Also any advice/tips on things to look out for regarding a smooth transition would be great. We will not be using realtors for this transaction, but will be using a traditional loan.  

Thank you! 

Hey Guys! First time poster so thank yall in advance! I have the opportunity to buy my grandmothers old home. She passed away
away 6 months ago and the home has no mortgage and is currently still in her name, however the home was left to her daughters and will transfer into their names in the coming months. 

I will be buying the home directly from them and we will not be using a realtor. I would like to use the home as an investment property for either a short or midterm rental. The home has been appraised and has had a home inspection already.

The home will need a renovation so I will need a loan that would cover the purchase price as well as the reno costs. 

For people that have been through this process before, what type of loan did you secure or is there another creative way to do the deal without seller financing as they would like to receive all of their share of the money at closing. With interest rates going up I would like to put down as little as I can. 

Also because we are not using a realtor, how did you conduct the closing, for example did you use a title company and a title attorney??

Home purchase price:  $163000

Reno cost: TBD but we estimate around 80-100K 

home location: North Augusta, SC

Any help would be greatly appreciated on this :)

Very interesting responses, not what I expected so I am glad I asked.  I don't think the house will cash flow appropriately at the current value.  The house has appreciated significantly over the last 10 years. I may need to look into taking advantage of the gains and utilize that towards an appropriate cash flowing property.

I came across an interesting opportunity to possibly get me started in real estate investing which I have been trying to get in for some time now.

I am in the process of moving to a new home, and was considering turning my current home into a rental property.  Most calculators seem to be built for new purchases to rent as an investment rather than my predicament.  Are there any calculators, articles, or suggestions that can be provided so I figure out if this is a prudent investment?  Is it as simple as adding interest paid on the mortgage over the last 10 years and property enhancements to the purchase price and treat the rest as normal?

Appreciate in advance the help!