All Forum Posts by: Robert Eaddy

Investment Info:

Single-family residence buy & hold investment in Santee.

Purchase price: $19,000
Cash invested: $6,800

Brick 4br 1.5 bath home on .58 acre lot within city limits

What made you interested in investing in this type of deal?

Low purchase price

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Cash purchase using inheritance and 401k loan

How did you add value to the deal?

New flooring throughout, removed panel and added drywall, new paint throughout the house and new light fixtures, updated HVAC unit

What was the outcome?

Rental to along term tenant since 2014

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Sandy Daniels of Orangeburg SC

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $19,000
Cash invested: $6,000

Brick 3br 1ba, .56 acre lot on well and septic system

What made you interested in investing in this type of deal?

Good buy

How did you find this deal and how did you negotiate it?

MLS used realtor

How did you finance this deal?

Lending Club personal loan

How did you add value to the deal?

New windows and roof, new flooring, smooth ceilings, paint and new kitchen cabinets

What was the outcome?

Rental at 675/mth

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $20,500
Cash invested: $1,400

4br 1ba, new windows and roof, .66 acre lot in rural area, 1.5 from school, 9mi from Orangeburg SC, 45mi to Summerville

What made you interested in investing in this type of deal?

Familiar with the area

How did you find this deal and how did you negotiate it?

MLS used a realtor to purchase

How did you finance this deal?

401k loan

How did you add value to the deal?

House was priced below market value upon purchase

What was the outcome?

Stable rental. New lease signed 8/1/19 after previous tenant vacated 7/22/19

Good Day all. I'm in late 30's and have been investing since 2008. I have built a portfolio of about 7 rentals over time. I live in Charlotte NC and my salary from the rat race exceeds the median household income for the area. I was separated from my previous employer last, whom I joined in 2004. I was granted a pension when I joined them in addition to 401K. I rolled over my 401K to current employer and left a little to keep acct open until I fully repay a loan I had taken to acquire 1 of 7 properties. I received a letter saying I was eligible for a payout of the pension. At some point I do plan to exit rat race and by that time acquire more cash flowing rentals. My question is do I take the payout from pension and use it to acquire more rentals or leave it until retirement age? i am aware of the penalty I will be hit with & learned in macroeconomics money today is worth more due to inflation or something like that. I am looking for feedback. Thanks,

Good Day all. I'm in late 30's and have been investing since 2008. I have built a portfolio of about 7 rentals over time. I live in Charlotte NC and my salary from the rat race exceeds the median household income for the area. I was separated from my previous employer last, whom I joined in 2004. I was granted a pension when I joined them in addition to 401K.  I rolled over my 401K to current employer and left a little to keep acct open until I fully repay a loan I had taken to acquire 1 of 7 properties. I received a letter saying I was eligible for a payout of the pension. At some point I do plan to exit rat race and by that time acquire more cash flowing rentals. My question is do I take the payout from pension and use it to acquire more rentals or leave it until retirement age? i am aware of the penalty I will be hit with & learned in macroeconomics money today is worth more due to inflation or something like that. I am looking for feedback. Thanks,

I just ordered mines. How about some baseball caps as well?

Just ordered mines. How about some baseball caps as well?

try Russell Blanchard at Williams & Williamd in Orangeburg

Chris Duzan The way I look at it is I am targeting g families that I hope will b long term tenants. If a family of 3-4 consists of a son and daughter a 2br won't work. Most homes for sale are going to b a 3br 2ba home. I usually set all my search criteria for a 3/1 as minimum specs and it will include 3/2s and 4/2s +. All of my props in santee, holly hill an charlotte at 3br minimums. I am hoping as I venture into the Columbia area I will have the same outcome where I feel not as much competition and prices and taxes are better.

Hey. I live in Charlotte but would consider investing in Columbia. Send me some listing to take a look at. Prefer something turn key or with minimal work. I'd prefer single family 3/1 around $50k. Would also consider multifamily like a duplex or quad if reasonably priced. I can be reached at: [email protected]