All Forum Posts by: Jo Amick

Welcome! Where are you stationed here in SC? I am an investor in Columbia, also risk averse, and just closed my first sub-to deal (no money down). 

Welcome! I am an investor in Columbia,SC and am not an agent. I think to learn some basics of transactions, wholesaling is a great way to start. The first transaction I ever did was a wholesale house I got under contract from an out of state owner. It had a huge profit margin, and I learned to borrow private money (from a friend) in order to close the deal and immediately resell it to a rehab buyer I had found. This kept my 16k profit under the radar during the resale, and helped me learn several parts of the business quickly since I had no experience. There is no substitute for jumping in and applying what you are reading about and learning what will work for you. Hope that helps some!

Hi there- I am in Columbia, SC and invest around this area. Aiken is a great city! Let me know if I can help out, happy to refer any resources your way.

Lots of challenges there! Your gut will be a great ally in this business, as well as just getting out there and putting things into practice- not sitting and waiting for someone to tell you something. There is also some risk involved, but having a mentor doesn't necessarily mitigate that. As you find buyers and make offers, you will get a feel for it. One of the biggest lessons about doing deals is learning how to control them;) You will do great.

I am setting up ACH - automatic drafts from my tenant buyers account, which they will initiate and have directed to my account so I will have no fees. I may do this with a mortgage payment that I pay and have it initiated by the payee so I again have no associated fees, but everything is automated.

I have never had issues here in SC either. Are you talking about having a contract on a property amd listing it for sale on the MLS?

Yes, a little bit. Has upside, which I like- can be managed much better and value improved with rehabbing. 

I havent run FB ads for REI before, have run them for a different business and they were effectice. It looks like the more "organic" the ad seems, the better the results. Let us know how your ads do

Also, I know an investor who was very active in the Myrtle Beach area, am happy to reach out to him if you want to connect.

Hi Liz! I have lived in CA, and now have lived in SC for a long time. It's very different from CA but has some great investing areas and definitely some inexpensive properties! Im sure you guys will do great with your investing.