All Forum Posts by: Jeffrey Cheng
Jeffrey Cheng has started 4 posts and replied 15 times.
Post: Buying Foreclosed Home on Auction
- Rental Property Investor
- Rock Hill Sc, SC
- Posts 17
- Votes 2
Hey guys,
Help wanted! Newbie here, will be participating in an auction for a rental investment property in a few days!
How do you go about (in a thorough way) seeing if there are any liens/second mortgages etc on the property? Do any of you have a good process to ensure there aren’t any major surprises after winning a bid?
Thanks for your help in advance!!
Post: Recommended PM in Rock Hill SC/ Charlotte NC area?
- Rental Property Investor
- Rock Hill Sc, SC
- Posts 17
- Votes 2
Originally posted by @Helen Gebre:
I have used Muse Realty for the last four years in Rock Hill. They have been great to work with. Strict screening process for tenets and they have always been reliable. Let me know if you have any other questions about them.
Hi Helen,
Thanks for the recommendation! I’ll look in Muse as well.
Post: Recommended PM in Rock Hill SC/ Charlotte NC area?
- Rental Property Investor
- Rock Hill Sc, SC
- Posts 17
- Votes 2
Originally posted by @Matthew Watters:
Unfortunately I haven't. I have two single family houses in the area, one in Rock Hill and the other in York. There just aren't that many small multi family properties in the area that I could see when I was looking. They're there, but you'll have to be patient or be more proactive in contacting owners and seeing if they'd be willing to sell.
Gotcha, that’s what I figured as well. Thanks for your reply and advice, Matthew.
Post: Recommended PM in Rock Hill SC/ Charlotte NC area?
- Rental Property Investor
- Rock Hill Sc, SC
- Posts 17
- Votes 2
Thanks for the advice and recommendation! I will put them on the list. I'll be financing conventionally with a 20% DP so I would have some more time in that case. Do you happen to have any experience/success with multi family homes/duplexes in this area? I haven't been able to find much in that respect although that would be my ideal REI at the moment. I'd prefer investing locally where I know the area so maybe there just isn't a big market for them here in rock hill?
Post: Recommended PM in Rock Hill SC/ Charlotte NC area?
- Rental Property Investor
- Rock Hill Sc, SC
- Posts 17
- Votes 2
Hi all,
Newbie investor here. I've come across what I believe is a good deal that meets my conservative analysis for cash flow and appreciation. However, I do not want to manage the property myself. Would it be best to find a reliable PM before putting in an offer? If so, does anyone have any connections and/or recommendations for some good, reliable PMs in the Rock Hill, SC or Charlotte, NC areas? Thanks in advance!