All Forum Posts by: Troy Gandee

@William Stewart I use NREIG for most of my investments. I don't think it's the best coverage in the works, but it's affordable and they're really easy to use. They only insure investment properties. 

@Matthew Juels We don't do much in Columbia. We're in Charleston, but @Russ Scheider does the bulk of our work in Columbia. He could probably be of more help in regards to that market.

@Matthew Juels Gotcha. I would recommend choosing one or 2 metro areas and drilling in from there. Charleston tends to be the most popular overall for resident growth. Appreciation is super strong and there are still some 1% rule properties in the C/D areas, but the market is extremely competitive right now. Columbia is also really competitive, but the price point is better and the 1% rule us much easier to accomplish there. Greenville is also a great market. Again, extremely competitive and tends to be a bit more pricey that the Columbia area, but lots of appreciation in all. Even though these metros aren't very far from one another, they're all pretty different, so I would pick one or two and focus there. The market is just too competitive to cast a really broad net.

Going us for the May REI Central event! Investors of all experience levels welcome. REI Central meets the first Thursday of each month from 6-8pm at Palmetto Brewing Company downtown. To repurchase tickets or for more info, please visit our website. Ticket cost is $25 per event or $100 for an annual membership.

https://www.rei-central.com/ev...

@Matthew Juels Which markets are you looking in? We can help in the Charleston market. We also have good referrals in the Columbia area.

Agreed, @Ryan Herting! Let me know if you ever need anything!

@Account Closed I don't think you always have to have one and I am a broker myself. That's my main gig. In this market, especially, you don't always need to have an agent. However, when things get hairy, it's really helpful to have an agent who knows the ins and outs of the contracts. When this gold rush of a market ends, which it eventually will, investors are going to have to rely on agents again. I would not recommend ostracizing agents while the pasture is green because there will be a drought eventually and everyone will need all the help we can get. We do a lot of off-market deals that most people aren't even made aware of. I'm definitely not sending those leads to someone who thinks me or any of my agents are expendable. We also offer a limited listing for $500 for 6 months to our sophisticated sellers, but that's largely just a way to try to help stimulate more inventory to market and hopefully a way to get the jump on properties for our buyer clients. 

Thanks, @Account Closed

@Jeremy Monroe depends on what kind of financing you need. Rehab Wallet is the best for short term (bridge and fix and flip).They're extremely easy to use. I also use Civic and Angel Oak for longer term rental hard money. 

@Adam Jones Typically each party has their own attorneys and pays their own attorney fees. It's no uncommon for buyers and seller to use the same attorney to get a little discount and keep all the docs in one place. Attorneys aren't very expensive. It's usually about $1,200 with loan docs. Usually less than 1k if it's cash. Just depends on the difficulty and moving parts. 

@Brandon Johnson You can use one attorney for the whole state, but it's not usually recommended. I would find an attorney in the general metro area of the property. Some deed offices require in-person recording or appointments for title documents, so some attorneys may decline if they're too far away. If you're in Spartanburg, I'd try to find an attorney in Greenville/Spartanburg. You usually have to sign closing docs, so picking an attorney in Charleston for a deal in Rock Hill won't be convenient.