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All Forum Posts by: Jesse Waters

Jesse Waters has started 6 posts and replied 389 times.

Post: SC Network

Jesse WatersPosted
  • Investor
  • Aiken, SC
  • Posts 398
  • Votes 120

I have been investing in both Aiken & W. Columbia for the past few year.  Always interested to meet up with other local investors for either of those two markets.

Post: Attorneys in Columbia, SC?

Jesse WatersPosted
  • Investor
  • Aiken, SC
  • Posts 398
  • Votes 120

Check out Talley Lattimore on Bull St.  I have used him for a few closings and title work.  

Its a small mom & pop type firm, super friendly and easy to work with.  Gloria, gal that runs the office is really great as well.

Post: How would you invest $10,000 in RE

Jesse WatersPosted
  • Investor
  • Aiken, SC
  • Posts 398
  • Votes 120

What are your goals?  Really depends on what you want to do/where you want to go.

Me personally- Just sitting on 10k, I'd stick it in an REIT since it's easily liquid like any other stock.

Post: If you were me.....

Jesse WatersPosted
  • Investor
  • Aiken, SC
  • Posts 398
  • Votes 120

If you don't mind living in a project, I would combine house hacking with BRRRR. Buy something that needs renovated, since you are going to be owner occupied for a short time, you might be able to get it closer to 3-5% down. I think there's a program where you can get financing for the full re-hab with something small like 5% down. Can't remember the name of it, I've long since passed the point where I can do that.

Anyways... Move in, rehab it, re-fi hopefully for cash out, put a renter in it and move on to your next project.  Just my thought.  Best of luck.

Post: 3:2 vs. 2:1 or 2:2

Jesse WatersPosted
  • Investor
  • Aiken, SC
  • Posts 398
  • Votes 120

In my opinion, go for the 3:2, they seem to be easier to rent, appeal to a broader base of tenant, stay occupied longer, pull the best rent and are more easily resold than either of the others.

Just my opinion.

Post: Columbia, SC Property Managment

Jesse WatersPosted
  • Investor
  • Aiken, SC
  • Posts 398
  • Votes 120

@Luke Petrozza @Kevin Latten @Jameel Rashad

 My rentals are in West Columbia.  I try to stay out of Columbia proper/Richland Co for tax reasons.  

My PM is Charmaine Stark with Crown Property Management, her office is on Sunset in W.Cola.

I don't think she would mind me sharing this with y'all.  I can't post the phone number on here, but its on her website.

http://www.crownproperty.org/

Post: Business entity Structuring

Jesse WatersPosted
  • Investor
  • Aiken, SC
  • Posts 398
  • Votes 120

This is a common question.  First, the more important question is what type of investing do you want to do?  Second, are you investing by your self or with a single or multiple partners?

If you are getting SFR's and investing by your self, you are probably good with out using any sort of entity.

Multiple partners/syndication going for large commercial properties, then a LLC would probably be a good fit.

There is no simple answer to this question.  Do some research on BP and if you are still unsure, ask a lawyer who is familiar with business law in CA.  

Just my 2 cents worth.  Best of luck. JW

Post: To use or not to use a real estate agent for FSBO

Jesse WatersPosted
  • Investor
  • Aiken, SC
  • Posts 398
  • Votes 120

I have a RE agent that I use for the majority of my transactions, however, recently I purchased 13 acres FSBO. I made sure to mention to my agent that I was purchasing the property and it was FSBO (Read No Agents.) A few things to consider on this one. The seller pays the agents fee, for both sides of the transaction. Notice, that an agent will rarely offer to show you a house FSBO when you are looking to purchase, even if it would be the prefect property for you???

So, you can hire your agent as an adviser and negotiate a fee, paid by you, to pay them at closing.  Or if you have just discuss it with them up front.  If you are serious about investing and using this agent, they should be willing to respect your position, assist you if they can and be there for you on your next deal.  

Don't be afraid to do what is best for you, as a business person they should respect you that you had to make the best possible business decision for you.

The short answer.  Use a lawyer, presumably the one that you will use for closing, they can help you with the contract, but explain it to your agent friend first, just to avoid over ruffled feathers.

Just my 2 cents worth.

Post: Looking for a contractor in Aiken SC area

Jesse WatersPosted
  • Investor
  • Aiken, SC
  • Posts 398
  • Votes 120

I just sent you a PM.  

Post: Hi, I'm a doc in Greenville, SC

Jesse WatersPosted
  • Investor
  • Aiken, SC
  • Posts 398
  • Votes 120

Welcome to BP, always great to have other SC investor's on here.  Any idea's on what sort of properties you are looking for?  Single, quads or large scale apartment?

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