Author: South Carolina Homes Inc

5 Key Differences Between Buying an Apartment Building and a Multi-Family Property in Charleston

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When planning your financial future, your goal is to gain the highest return on your investments. Therefore, real estate investors must consider all market sectors as opportunities for diversification, keep a steady eye on the future, watch for new market trends and local city zoning changes or economic development plans, and adjust their exit strategy. … Continued

What Investors Should Know About Buying Multi-Family Properties in Charleston

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Investment properties help create wealth and provide an income stream that allows investors to maintain their lifestyle, despite increases in living costs because rental rates tend to keep pace with inflation. While investors may typically envision single-family homes when considering investment properties, nearly half of commercial investments are multi-family properties. As a result of many … Continued

How to Find Multi-Family Properties for Sale in Charleston

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Diversifying your portfolio builds security against economic downturns in any one market sector. In addition, because of the nature of multi-family properties, having shared construction, costs per unit are lower overall, as are maintenance costs in general which makes this an attractive way to diversify your portfolio. Finally, rental investments such as multi-family help build … Continued

What You Should Know About Auctioning Your House in Charleston

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Many homeowners consider selling their homes by themselves, often avoiding the hefty real estate commissions. In real estate, these listings are referred to as FSBO for sale by owner. Regrettably, however, homes listed and marketed by their owners typically sell for less, and homeowners only sell about eleven percent of FSBO homes listed. Understanding all … Continued

4 Basic Parts of a Charleston Rent to Own Agreement

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Rent-to-own agreements can open the door to homeownership for buyers who would otherwise be waiting years to correct credit issues or save towards their down payment to qualify for a mortgage loan. This arrangement can be a win-win situation for both buyers and sellers with a properly structured agreement. Typically not found listed, rent-to-own contracts … Continued

How Almost Anyone Can Buy a Home in South Carolina

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After taking a realistic inventory of your credit standing, you may find yourself in need of an alternative method to achieve homeownership. Or perhaps your situation has you strapped for cash, unable to come up with your down. Whatever the case, you should understand that you will need to prove that you can afford to … Continued

5 Ways to Stop Foreclosure in South Carolina

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Foreclosures are not a sudden event; there is a lot of warning before the lender implements the final procedure. Putting your head in the sand and hiding from your problems is the worst thing you could do regarding financial issues. Instead, it is always better to face your problems head-on and make the best choice … Continued

5 Financing Tips for Real Estate Investors in Charleston

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Cash may not always be the best option for real estate investments, and great deals may come along when cash isn’t an option. However, having advanced awareness of your options provides you with the confidence you need to move on these hot properties and create sound financing strategies. Then, with the resources for additional funds … Continued

5 Ways to Find Off-Market Properties in Charleston

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Every day thousands of buyers turn to the MLS to find their new homes. However, they are missing out on an untapped market of properties that evade most, known as off-market properties which cannot be found on the MLS. Nevertheless, there are many reasons sellers select this option, about 10 percent of annual home sales … Continued

What Investors Should Know About Mixed-Use Properties in Charleston

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A mixed-use property contains three or more land uses, such as residential, retail, and parking within a carefully designed walkable community in the same or adjoining structures. Mixed-use falls under the commercial property category. You will frequently see an example of mixed-use real estate in commercial buildings located on busier thoroughfares with both offices and … Continued

How to Rezone a Property in Charleston

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There are many reasons to seek rezoning; as a real estate investor, you are likely to encounter the need for rezoning, typically when developing land for specific purposes, be it housing developments or commercial enterprises, industrial, agricultural, or a mixed-use.  Zoning is often outdated, and commissioners are perfectly willing to update zoning. Be prepared for … Continued

What Charleston Investors Should Know About All-In-One Loans

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Enter the all-in-one first lien HELOC, which functions much like a line of credit on a credit card; daily deposits in the account guiding the interest rate paid for the principal that day. Specific banks offer the all-in-one loan, which brings your primary mortgage, checking, and savings account together in a combination loan, which borrowers … Continued

How to Make Money With Short Term Rentals in Charleston

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Building wealth through your investments and planning for your retirement by investing in real estate is a great way to increase your current cash flow while creating passive income, ensuring you will enjoy your golden years in style, living life on your terms. However, Charleston real estate investors with an eye towards the future growth … Continued

Pros and Cons of Buying Multi-Family Properties in Charleston

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There are two sides to everything, including investing in multi-family properties. Wise investors take steps to educate themselves on the risks and the potential before plunging into a new real estate market sector. As your knowledge grows and you work towards diversifying your portfolio, it’s advantageous to have a bit of guidance as you expand … Continued

3 Unconventional Ways to Buy a House in Charleston

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Ready to buy a house in Charleston? The traditional marketplace isn’t always the best fit for every home buyer. Some buyers have extenuating circumstances that create a sense of urgency in finding and closing on a property. For others, economics is the driving force behind finding a creative solution to achieving homeownership. No matter the … Continued

5 Landscaping Tips for Landlords in Charleston

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Adding curb appeal through landscaping serves a dual purpose in that it attracts more desirable tenants and adds value to your investment. As for the plants you select, it is worth your effort to learn about xeriscaping and using native species that require less water and care overall, saving you money in the long run.  … Continued

5 Things Buyers From Out of State Should Know About Investing in Charleston

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Diversification is the key to securing your retirement dreams of passive income earned on your real estate portfolio investments. The internet has changed the game of long-distance real estate transactions, and savvy investors are no longer limited to local real estate deals to fulfill their investment plans. Instead, they are spreading their investments out into … Continued

5 Signs of a Great Charleston Property Manager

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Your real estate investment business and your properties care are crucial to you, making hiring a property manager feel much like rolling the dice with your future. Just as you should meet your potential tenants in person as part of your screening process to ensure the best experience, you should interview your potential property manager … Continued

5 Things to Check When Investing in Charleston Mobile Homes

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Now that you have focused on mobile homes as a great way to diversify your real estate investment portfolio, this sector of the market is underutilized by investors, so there is little competition. With lower overall upfront investment costs, mobile homes are an excellent entry investment for beginners, starting with one unit. On the other … Continued

Buying a Mobile Home in Charleston? 5 Tips for Savvy Investors

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Not typically considered for real estate portfolios, mobile homes provide a less competitive vehicle for investment diversification into specific market sectors. At the same time, the returns on investment properties or resales are lower, so too are the initial investments. Therefore, if you’re buying a mobile home in Charleston, you will want to pay close … Continued

5 Tips to Help You Airbnb Your House in Charleston

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Hosting guests in your investment property via an online booking platform as a way to earn additional cash flow has become a new business model for savvy investors who understand how to utilize technology to their advantage. Accessing this service provides you as a host with the ability to create a free listing of your … Continued

Our Market Outlook for Charleston Real Estate Investors in 2021

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One of the most important aspects of becoming a real estate investor is market analysis, which should guide how you manage your holdings. Familiarizing yourself with Charleston and all of the factors that influence each property’s long-term value requires dedication to your business. You can achieve the security of your golden years through wise planning … Continued

How to Make Money Buying Notes in Charleston

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You may have had a mortgage with a lender and then received notification that you will be making payments to a different lender. This change of payment notification means your lender sold the note on your mortgage on the secondary mortgage market. Your originating lender bundled your mortgage note in with others and sold them, … Continued

4 Things You Should Know About Buying a Charleston Investment Property Sight Unseen

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Are you ready to broaden your real estate horizons? Why not reach out to new markets to further diversify your investment portfolio? The real estate market no longer knows any boundaries by advances in marketing through digital photography, drones, and internet technology.  Investment buyers can now search through online sites for listings, with the ability … Continued

How to Determine Home Values in Charleston

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Ready to sell? Now the tough part, understanding how to determine home values in Charleston.  Sellers often get caught up in memories that were created and attach an emotional value to the home. It can make the determination of the value an extremely difficult process and also result in the home being priced far out … Continued

Our Guide to Charleston Real Estate Contracts

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As a real estate investor, when there is a deal at hand, there is necessarily a contract involved. While real estate contracts may seem intimidating, taking the time to familiarize yourself with the terminology you’ll encounter is well worth the effort. You’ll want to have a full grasp of contracts or a trusted guide to … Continued

5 Alternative Real Estate Investments for Charleston Area Investors

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Ready to broaden your investment opportunities? Real estate holds value over the long term which can help hedge against inflation. Several alternative options exist for real estate investments in addition to the traditional single-family home, unfamiliar to a majority of investors, these niches are worth investigating. With far less competition, buyers pursuing these avenues are … Continued

4 Reasons Why Charleston Real Estate Investors Need To Work With a Professional Home Buyer

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Wise investors know real estate is a good way to diversify their investment portfolio. However, the process of finding and purchasing investment properties is extremely daunting to the inexperienced. As one of the largest investments you may ever make, purchasing the wrong property can lead to financial disaster. In order to be comfortable with their … Continued

5 Ways to Find Discount Real Estate in Charleston

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When you are searching for discount investment properties, it will benefit you greatly to focus on the type of investment property that suits your overall goals and dreams as an investor. Would you prefer to earn passive income or are you going to be a hands-on landlord? Will you be investing for the short term … Continued

Pros and Cons of Using an LLC to Buy Investment Property In Charleston

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The real estate investment market of today offers opportunities to anyone willing to forge their own personal wealth. We’ll introduce you to the concept of employing a limited liability company structure (LLC), which keeps your business and personal finances separate when you buy investment property. While not suitable for everyone building their investment portfolio, you … Continued

6 Tax Tips For Real Estate Investors in Charleston

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Here are 6 tax tips for real estate investors in Charleston. Taxation on income is a given, by making the right moves, you can lessen the impact to your bottom line. Using tax laws to your advantage can maximize the returns that you will realize on your investments.  Planning Proper planning prevents poor performance, most … Continued

6 Books Every Charleston Real Estate Investor Needs To Read

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Whether you’re a newcomer to entrepreneurship and embarking on your investment journey into real estate or an experienced landlord, these books can help to improve your returns. Educating yourself on real estate investing is the key to building the best possible portfolio and it will benefit you to add the 6 books every Charleston real … Continued

4 Ways To Find Deals on Charleston Real Estate

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Finding bargains is a way of life for many people. Always keeping an eye out for great deals, they’re dedicated to locating alternative resources in Charleston for nearly everything that is sold by those who no longer have use for the item. From household goods to larger ticket items such as furniture or appliances, these … Continued