All Forum Posts by: Mario Brown

@Jim Smith Jr, what areas of town have you all targeted?

Is this still available?

Like it David, the rental market in Greenville is fantastic right now. Did you move forward with this?

@Katherine Umstetter i totally agree with the abrupt disconnect between homes in the  the village and downtown. When you cross Academy (On Perry  Avenue.) it really is a different world. I really like San Souci Heights, things have been moving very well there for the last 12 months. 110k -125k  being the average the last 30 days. 

The real estate market in Greenville continues to be hot. With decreases in inventory and increases in population prices have continued to quickly rise in the city limits. Being from the area, i feel as though i am hyper-sensitive to over-paying and may wrongly dismiss a few deals becuase of my familiarity with how things "used to be." 

Location : A cool little neighborhood just outside of Downtown Greenville. San Souci Heights,29617

Financing: Used HELOC from my primary residence for 20% down payment on a 30 year mortgage

House had been on the market about 3 weeks longer than the homes around it for $99,000  in my opinion it "had the right things wrong with it."  After going back and forth i was able to get the house for $88,000.

• Crappy Looking Green House in Backyard (Paid $1400 to remove)
• Hardwood floors were in very rough shape (Refinished for $1200)
• House had been vacant for 5 months and was just REALLY dirty (elbow grease)

AFTER 3 weeks and 3,000 ....

As a millennial my first thought was to throw the house on Facebook for rent, then do some real marketing later. I had so many people reach out that i actually raised the rent from 975 to 1050. Within 4 days i had the house rented for $1050 a month from this singular post...

My mortgage payment is $518 a month and i pay $135 dollars to service the HELOC. Right about 400 a month of cash flow.