All Forum Posts by: Durante Kirby

@Ray Harrell thanks! This is the advice I'm looking for.

@Ray Harrell the owner is elderly and really doesn't have the energy to manage the property any longer.

@Will Gaston you are a gentleman and a scholar. I'm still a newbie at this so thank you very much for the advice!

@Will Gaston it's in Spartanburg.

Thank you @Will Gaston. That makes sense.

I am analyzing a possible deal for an 8 room boarding house in South Carolina. Motivated seller (property has become a headache for owner), 5 rooms currently occupied, paint and carpet rehab. Would a boarding house be treated as commercial or residential? Is it similar to a multi-family property? Thank you for any advice!

Thought about that @Josh Stack but not really trying to get my feet wet with an out of state property.

My mother has some real estate she is motivated to sell and I've been tasked with selling it for her since she has realized my new undertaking here. I thought my first real estate transaction would be me buying but in fact it will be me selling. What would be the best strategy for valuing the properties for an as is cash deal where I don't give away everything?

Would anyone suggest completing a formal business plan when starting a real estate business or simply understanding and following you goals and objectives?

Thanks for the motivation Rush!