All Forum Posts by: Russ Scheider

I have an 8 unit multifamily coming up that may interest you. 

send me a message. I can hook you up

@Robert Buzby I have a deal for you in Cowpens!  Please send me a personal message.

HI Mike,

Send me your info and I will connect you with some deals and some local investors you may want to know.

Hi Scott,

Sounds like we have mutual interests.  Welcome to the BP community.  Charleston has a vibrant investor community.  A good place to be!

I am with @John Semanchuk on this one.  The 2000's bubble was almost entirely artificial. Nationwide lending standards were very different and the "real estate ALWAYS goes up!!" mentality was running wild (I drank the kool-aid as many others did). 

 Everyone has his/her own perspective on the 2007-2008 bubble.  I was living and working on Hilton Head Island when the bubble was expanding, and moved to STL in 2006 just before it burst.  Hilton Head had an entirely artificial economy.  People were building vacation homes & Spec homes they could not afford, on the assumption that property values would go up, and those homes would always sell for more next year than this year.  Dumb luck caused us to sell the 2 houses we owned at good profits and move to the boring, stable midwest just ahead of the downturn.

 The difference in 2015 is - Charleston's current "Overvaluation"  has some sturdy structural underpinnings.  Jobs, Jobs, and more Jobs, #1 tourist destination, best place to live, etc, etc.  Lending standards are pretty tight, yet inventory is very low.  I believe that we will see some value adjustments in the near future, but not a precipitous drop.  From my perspective, Charleston is a beautiful city with a vibrant economy, not "Fantasy Island" like Hilton Head in the 2000's.  I am not blindly optimistic, but I am certainly not worried about our long-term prospects in Charleston real estate.

I am curious to hear other perspectives.

Welcome to BP and to the Charleston Investor's community.  I sent you a colleague request.  Keep in touch!  Would love to talk to you about Multi-family investment opportunities.

@Rebekah Hawkins  I am interested.  I will send you a private BP message with my email address.  Look forward to hearing from you!

Ron Legrand knows his stuff!  Good luck with your career. 

Congratulations!  Would love to hear all about it.  I am hosting an investor's happy hour next Tuesday, Sept 15 in Mt. Pleasant.  If you would like an invitation, please let me know.  All are welcome