Low Price Investment Properties Available in The Upstate of SC

As of this morning there are 150 homes available in the Upstate priced under $35,000. Some of these properties do need extensive work while some would make great rental properties. How do you decide what to do with these type of properties? First you must asses the cost of putting the property in rent ready or sale ready condition. It is advised to have a contractor that you trust do a walk through with you and give an estimate on all repairs along with a time frame to have them complete. Once that step is complete use the estimate to assist in the negotiation of the property both with price and terms. Keep in mind most of these properties may not be eligible for financing so plan on spending some cash. Once the negotiations are complete and you have worked out your ROI on the property, begin the marketing while repairs and updates are being done especially if you are going to resell the property. Buyers like to see the before and after pictures. If you are going to use this as a rental property do your research on other rentals in the area for cost and vacancy rates. I hope this helps answer some of your questions, thanks for visiting.