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Updated by Ben Lovro on Jun 20, 2019
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Ben Lovro Ben Lovro
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Off-Market Investment Property Deals

Off-Market Investment Property Deals in Columbia, SC With High Equity...... for serious investors and buyers only please. See Our Columbia Investment Property Inventory and Join Our Exclusive Buyers List!

Source: https://www.en-visioninvestments.com/investment-properties-columbia-sc/

We Buy Houses Columbia SC - Local & Trusted

Need To Sell Your House Fast? We Can Help. We Buy Houses Columbia SC - Get A Fair Cash Offer On Your Home - Close On Your Timeframe.

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No Obligations. Get A Fair CASH OFFER On Your Home Today! Simple Process - No Fees - No Commissions - No Obligation - Sell My House Fast Charlotte NC

Sell Your Distressed Property in Columbia SC | EN-VISION HOME SOLUTIONS

We buy distressed houses in Columbia SC fast for cash! Explore Your Options. Download Your Free Guide Today! How To Sell A Distressed Property in Columbia SC. Fast Cash. Simple Process.

Sell Your House in Probate | EN-VISION HOME SOLUTIONS

Stop the stress and frustration of owning that probate property. We would like to buy your South Carolina house now, regardless of it's condition. Fast Cash - Simple Process

Off-Market Investment Property Deals in Columbia SC With High Equity…

Off-Market Investment Property Deals in Columbia, SC With High Equity...... for serious investors and buyers only please. See Our Columbia Investment Property Inventory and Join Our Exclusive Buyers List!

Off-Market Investment Property Deals in Columbia SC With High Equity…

Off-Market Investment Property Deals in Columbia, SC With High Equity...... for serious investors and buyers only please. See Our Columbia Investment Property Inventory and Join Our Exclusive Buyers List!

Comprar un hogar con el financiamiento del dueño | Columbia SC

¿Desee comprar un hogar?¡Aunque usted tiene el MALO o NINGÚN CRÉDITO, buenas noticias para usted!Usted ha encontrado el lugar derecho para un hogar fantástic

EN-VISION INVESTMENT GROUP (@EnInvestment) | Twitter

The latest Tweets from EN-VISION INVESTMENT GROUP (@EnInvestment). EN-VISION INVESTMENT GROUP (803-369-3327) is the South Carolina area's premier real estate solutions company. United States

EN-VISION INVESTMENT GROUP - Google+

EN-VISION INVESTMENT GROUP (803-369-3327) is the South Carolina area's premier real estate solutions company.

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Buying Investment Property With A Partner – EN-VISION HOME SOLUTIONS (803) 828-0872

Buying Investment Property With A Partner – EN-VISION HOME SOLUTIONS (803) 828-0872

Are you looking to acquire real estate investments and maybe considering bringing another investor into the agreement? Then make sure you read this blog post first! Buying investment property with a partner can be a great way to invest, if you follow these 3 strategies…

They say “two heads are better than one” and that’s true in many areas, including buying investment property with a partner in Columbia. But remember: a partner brings benefits to the table but also adds a layer of complexity to the situation. The best way to make sure you have an enjoyable and mutually profitable investment is to discuss and agree on the following 3 strategies…

Strategy #1. Agree On What Each Partner Brings To The Table

When people think about partnering, they often first think of the money and how much capital each partner brings. However, depending on the investment, each partner might bring different things including capital, sweat equity, knowledge and experience, an existing business and/or existing relationships, and a good credit score… just to name a few. There are many ways that both partners can contribute in an investment deal in Columbia.

Strategy #2. Agree On Each Partner’s Ongoing Responsibilities

Once the deal is acquired, they might yet be more work to do. If you’re managing the property yourself then you’ll need to figure out who does what; if you’re hiring a property manager then you’ll still need to decide who speaks to the property manager if you need to. You’ll need to decide who deals with the tenants and who deals with the SC taxes and paperwork.

Strategy #3. Agree On Each Partner’s Expected Return And Exit

As the property starts to deliver a return, you will need to figure out what each partner gets. Do you split the cash flow? By what percentage? Will you split the value of the property if the property is sold in the Columbia market? By what percentage? It doesn’t have to be 50/50 if one partner brings more to the table than another. You also need to decide on your exit strategy – for example, under what conditions will you choose to the sell the house? What happens if one partner wants to leave the agreement?

Summary

Buying investment property with a partner in Columbia or anywhere in SC might seem like it’s fraught with peril but it’s really not – as long as you figure out ahead of time what the agreement will look like between the two of you. You need to sit with your partners and determine what you’re each bringing to the table, what your ongoing responsibilities are, and what you each expect to get out of the deal. Knowing this ahead of time will help erase many difficulties and misunderstandings, and ensure everyone feels fairly treated.

Ready to buy right now in Columbia? Great! We’re here to help.
If you’re buying investment property with a partner, and if you and your partner are ready to start looking at property, call our office at (803) 828-0872 or click here now and enter your information into the form to see what investment properties we have available.

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Off-Market Investment Property Deals in Columbia SC

Off-Market Investment Property Deals in Columbia SC

Off-Market Investment Property Deals in Columbia, SC With High Equity...... for serious investors and buyers only please. See Our Columbia Investment Property Inventory and Join Our Exclusive Buyers List!

Working With A Columbia Investor To Buy A House

Working with an investor to buy a house in Columbia is an often unexplored method to buying a house at a great price.

Specialty Inspections For Investors In Columbia | EN-VISION HOME SOLUTIONS

As a Columbia investor, it is important to know when to request specialty inspections. Learn about what to look for in our latest post.

Sell A Damaged House In Columbia | EN-VISION HOME SOLUTIONS

In our latest post, we explore how to sell a damaged house in Columbia. Learn how to save money and sell your house without any waiting.

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How To Sell A Damaged House In Columbia

If you own a house that is in disarray or in need of repair, don’t fret. There are ways you can sell your house without having to pay for all the required repairs. If you need to sell a damaged house in the Columbia area, our latest post will help you save time and money on the sale of your home.

In order to sell a damaged house in Columbia, you’ll need to be able to get in front of the right buyers. Many buyers are looking for a house they can move in to right away or rent out for investment. The idea of taking on a new property, that comes with damages, can seem very stressful and off-putting to many buyers. Your best bet will likely be finding the right investors who don’t mind taking on damaged property. At EN-VISION HOME SOLUTIONS, we are very experienced in fixing up properties and are happy to help if you need to sell a damaged house in Columbia.
Your Selling Options
Fix It

Quite obviously, if your house is damaged, you can fix it. This is likely going to be your best choice if you want to sell it for a price that is competitive with others on the market. That said, many people don’t want to spend a bunch of money on a property they are selling without any guarantee of a return.
List As-Is

Instead of spending money on repairs, you can choose to list your house as-is. While you may be offering it at a fair price, if your average buyer sees pictures making the house look bad, or sees that there are a number of repairs required in your property description, you might have some trouble getting enough attention to the property in order to sell it.
Sell Directly

Typically the fastest and easiest way to sell a damaged property is to get it in front of an investor or a direct buyer. If you choose to sell to EN-VISION HOME SOLUTIONS, we will buy as-is, potentially saving you thousands of dollars in repairs. Plus, we are able to close very quickly so you can easily sell your damaged home in the Columbia area, and move on with your life!
Ask Yourself These Questions…
How Much Do You Want To Spend Upfront?

If you have the cash upfront, you might consider fixing up the house and putting it on the market. This can require a good amount of time, and will not come with any guarantees. If you spend a fortune fixing a damaged property in Columbia, there is no guarantee you will get it back.
Who Is Your Ideal Buyer?

Is it realistic to fix up the property and put it on the market? Do you honestly believe that you will be able to find buyers for your damaged property, willing to pay what you need? If so, and if you have the time to wait and find out, consider listing your Columbia house. Or is the damage so severe that your ideal buyer would actually be an investor, with the means to fix up the property? Many investors, such as the team at EN-VISION HOME SOLUTIONS, thrive on fixing up old homes, and helping owners escape their damaged Columbia properties!

Owning damaged property can be stressful. The repairs can be expensive and you can be held liable for any injuries that occur. If you are not able to make the needed repairs, it might be time to sell your damaged house. You don’t have to hire an agent. Learn more about selling your house as-is, so can be rid of your troublesome property once and for all!

To learn more about how to sell a damaged house in Columbia, get in touch with our team today! (803) 828-0872

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How To Finance A Rental Property In Columbia

Are you interested in investing in Columbia real state? Doing so can provide you with a substantial extra income. If you are not ready to buy a property in cash, you will likely want to know how to finance a rental property in Columbia. In our latest post, we will explain just that!

For many successful real estate investors, the first step is to make sure their finances and credit are in order. Not everyone can just go out and pay cash for a rental property they are interested in. For many investors, financing their first few properties is what will enable them to get their foot in the door. Keep reading to learn more about our tips to finance a rental property in Columbia.
Basic Tips
Check Your Credit

Make sure you know your credit score and have taken steps to improve it if necessary. People with a score under 740 will see higher interest rates when taking out a loan.
Think Small

Small, local banks, credit unions, and lenders can sometimes help more than a big bank can. They will have a bit more flexibility and may look at you and your background than a large corporate lender would. They will also have more interest in investing in the local community.
Loan Types
FHA Loan – Owner Occupied

A great way to buy your first rental property is to purchase a property using an FHA loan. These loans are for properties with 1-4 units and require a much smaller down payment than a conventional loan would. By utilizing an FHA loan to purchase a multi-family property, you will be able to use the income you receive from the other units to pay off the mortgage on the property, you will likely be able to live for free as well.
Conventional Loan

A conventional loan can help you get the cash you need but will require a much larger down payment. You will likely be putting at least 20% down, so save up accordingly.
Other Types

There are other types of loans investors can use to finance a rental property. Some of these include a short-term loan, a portfolio loan, a conforming loan, or a Balance Sheet loan. Each will have different rates and repayment plans.

Financing Through A Self-Directed IRA

When your money is invested in a self-directed IRA, you will have the ability to invest in things other than stocks and mutual funds. If real estate is approved, you can use funds from your IRA to finance your rental property in Columbia. Of course, you will want to talk to your CPA first to make sure it is a smart financial decision.
Other Points To Consider…

Additional Costs

When buying real estate, there is more to consider than just the price you are paying for the house. If using an agent, you might have their fees to cover. You may also be faced with a percentage of the closing costs. Most loans will require an inspection and appraisal, along with the payment of the loan origination fees.

Tenants

Buying with tenants in place will help you immediately generate income from the property. You won’t have to deal with screening tenants, managing leases, or collecting security deposits right away. You will be able to avoid immediate rehab and repair costs as the property is probably in pretty good shape with tenants being there. It can help ease you into the routine of being a landlord, without having everything thrown at you at once. Of course, you will want to make sure the tenants in place have been properly screened, and have a good history of paying their rent on time.

Are you ready to finance a rental property in Columbia? When you are ready to buy, we are ready to help! Contact us today to learn more! (803) 828-0872

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Tips For Buying A Vacation Rental in Columbia

Investing in vacation rental properties has become a tremendously popular way to make profits from real estate in the Columbia area. Travelers are opting to stay somewhere that feels more like home as opposed to large corporate hotels. In our latest post, we will offer tips for buying a vacation rental in Columbia, or anywhere else!

Before purchasing any property, you have to really decide if buying a vacation rental is the right choice for you. It will typically be a more hands-on investment, and it is really great for those who thrive on being hospitable and welcoming. If you love having guests, hosting parties, and welcoming others, owning a vacation rental may be a wonderful choice for you!
Understand The Local Markets

It is important to know if there is a demand for vacation rentals in your particular neighborhood. Learn about the tourism rates, what is going on in the local real estate market, and the occupancy rates. Look into other vacation rentals in the area. How many are there? Are they booked often or does it appear that they are having trouble finding guests? You want to enter a market that has a demand for vacation rentals, but that isn’t flooded with an excessive amount of available properties.

Determine The Property Type

You could choose to purchase a house or condo to use as a vacation rental. Just ensure that your plans are allowed if you are in a development with an HOA. You don’t want to discover that using the property as a vacation rental isn’t allowed after you make the purchase. Purchasing a single-family house will give you more freedom to do as you wish with the house. It will also offer your guests more privacy. A condo can also be a good choice as the exterior is likely to be maintained by your HOA. Plus, there are often amenities such as a pool or gym which your guests will be able to utilize.

Understand The Costs

The costs of owning a vacation rental are a bit different than owning a rental with a longer lease term.

Taxes: bit only will you have property taxes to consider, but you will also be taxed on your rental income and with an occupancy tax.
Cleaning: Your cleaning fees will be considerable. With tenants coming and going, you will need to thoroughly clean the rental between guests.
Utilities: With a standard rental, your tenant will pay most, if not all utilities. With a vacation rental, these costs fall on you. Your guests may not be as mindful about turning off the lights if they aren’t the ones paying the bills.
Marketing: Your marketing will be a full-time thing. With a traditional rental, you only market until you find a tenant, but with a vacation rental, you will constantly be on the lookout for new renters.

Determine Funding

How will you be financing the purchase of your Columbia vacation rental? Payi8ng in cash will save you from high-interest rates, but it isn’t always possible. There are different loans you can use to buy the property including a convention loan, short-term loan, or portfolio loan. Most of these types of loans will require a substantial down-payment up front. Sit down with your accountant or financial advisor to determine which type of loan makes the most sense for you.

At EN-VISION HOME SOLUTIONS, we can offer you all kinds of potential vacation rental properties. By working with us, you can rest assured the property has been fully researched and well-maintained.

Are you interested in buying a vacation rental in the Columbia area? We can help! Contact us today to learn more! (803) 828-0872

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Pros and Cons of Single-Family Investment Properties in Columbia

Single-family investment properties are the most common type of real estate investment. However, there are some pros and cons to consider before buying. To learn more about it and to find out if it is the right niche for you, check out our latest post below!

If you are thinking about making a real estate investment, you might automatically think of buying a single-family home. While this is an excellent choice, there might be a few things you haven’t thought about. As buyers and sellers of Columbia real estate, we have put together a list of things you may not have considered. If you have any questions about investing in Columbia, please reach out to us any time!

Pros:
Resale Value

Single-family properties will likely appreciate over time, they will hold their value as opposed to rentals which tend to fluctuate a bit more. There is always a demand for single-family homes as opposed to other types of real estate. If you decide one day that you want to sell, the odds are you will make a profit and have a much easier time selling than you would with other types of properties. If you want to walk away from the property at any time, you can. Or, if you decide you want to live their yourself, that option is always there for you too!

Lower Taxes

Single-family homes typically have lower property taxes than their multi-family counterparts. This will allow you to keep more cash in your pocket each month, without having to worry about excessive tax bills.

High-Quality Tenants

People renting a house as opposed to an apartment tend to stay a bit longer. They might be saving up for a home of their own or they have a family they don’t want to move around. Having tenants in place, without any vacancy will greatly improve your ROI. When you have good ones living in your home, it makes your job as a landlord easy. Be sure not to give them any reason to move!

Low Maintenance

There isn’t much maintenance of the standard single-family property. So long as things are all in working order when you rent out the house, the tenants you have in place should take good care of it if they want to see their deposit back. And if they don’t, it can be a violation of their lease, resulting in eviction.

Cons:
Vacancy Hurts

If you lose your tenant and aren’t able to find another one, your income from the property will be zero. Plus, you will have to pay the expenses the tenant usually pays for such as power, water, and other utilities. After all, the lights need to be on if you are going to show the property to other prospective tenants. This is the risky park of only owning one rental property. However, it shouldn’t dissuade you from buying, just make finding great tenants your #1 priority.

HOA Fees

Depending on the community, there might be HOA fees to contend with. These can rise over time, so make sure you have a true understanding of the costs and what the HOA will cover. There can be special assessments added as well, so be sure to keep up with what is going on if you do not live within the HOA’s jurisdiction. Your tenants will also need to abide by the rules of the HOA. If they are in violation, it can come back to bite you.

Single-family homes in Columbia are a wonderful way to add value to an investment portfolio. EN-VISION HOME SOLUTIONS can help with your questions as well as show you some of the best rentals in town!

Interested in single-family investment properties in Columbia? We can help! Get in touch with us today!

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Unconventional Real Estate Investments That Will Make You Money In Columbia

Many investors choose to mix up their portfolio with some unconventional real estate investments. Which is right for you? Keep reading to learn more about some of the best real estate investments available in the Columbia area!

As a real estate investor, it is important to diversify our portfolio. Putting all of your eggs in one basket is never a wise choice. And by diversifying, you might find a niche you wouldn’t have discovered otherwise, which could end up being your path to abundant financial success. Don’t rule anything out until you look at the pro, cons and the numbers.

Vacation Rentals

The vacation rental industry is huge. With sites like Air BnB and VRBO, people are cashing in on hosting travelers. Many people prefer to feel at home when they travel as opposed to a bland hotel. Travelers can have the use of a kitchen, a yard, and have some space… not having to worry about the people above or below them making a racket all night. You can decorate and personalize the house however you wish, even offering gift baskets or treats upon arrival. Most rentals can cover the mortgage payment with just one week of renters. This leaves the rest of the month as a profitable time. You could even choose to use the property yourself!

Mobile Homes

The mobile home market can be very profitable. With the lower cost of homes, it is a niche most anyone can get into. You have to be conscious of different kinds of repairs, as well as new expenses such as lot rent, but all and all, it can be a great niche for Columbia investors!

Mobile Home Parks

Instead of investing in mobile homes, some investors choose to invest in the entire park. Collecting lot rent from several tenants each month will easily generate substantial profits with very little overhead. There are things to maintain such as landscaping and common areas, but overall, the amount of work needed to be done is very low. You will need to have great liability insurance in place to help you avoid any lawsuits that arise from people being injured on your property.

Land

Land is often overlooked as it doesn’t have the same appeal or excitement as that of a property with an actual structure. It can seem boring and not profitable, however, this is exactly how you can cash in. Seeing as there is less interest in land, you can buy a lot for an excellent price and hold until there is more demand for it. Depending on the location and zoning, you may also be able to lease the land out. You could use it as parking for special events or even hunting land if the parcel is big enough.

Agricultural

Agricultural land can be an excellent investment for the right person. You can see profits both on the appreciation of the land as well as a percentage of the profits from what is being farmed. Many farmers rent land, so buying near other farms is a big plus. Also, if you choose to sell, you will have likely buyers located nearby,

Distressed Properties

Distressed properties are owned by people who can no longer take care of them. Whether they can no longer afford the mortgage or the property needs work, distressed properties can lead to big profits. EN-VISION HOME SOLUTIONS works with distressed sellers all of the time, creating win-win situations that will benefit them, us and you as well! We pay great prices to people who need to sell quickly. We make the process convenient for them which in turn allows us to purchase the property below retail. They save on commissions and fees, and we save on the overall price. In turn, we resell these properties to fellow investors at excellent prices.

Are you interested in unconventional real estate investments in Columbia? Contact us, we can help! (803) 828-0872

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How Long Selling Your House In Columbia Will Take

Selling your house can be a large feat. When hiring an agent, the process will likely take much longer than a direct sale, and can also end up costing you more in the long run! Keep reading to see how the time it takes to sell will affect you financially.

While there is no way to determine how long selling your house will actually take when listing your house with a Columbia agent, you can plan ahead if you choose to sell directly. In our latest post, we will look at how long selling your house will take and the common things that can cause delays.

If You List…
Getting It Ready For The Market

If you decide to list your Columbia house, you will likely need some time to get it ready for the market. You’ll want to clean up, remove personal belongings, make repairs and possibly stage the house for showings.

Finding The Right Agent

Choosing an agent can take some time as well. You aren’t going to want to work with the first agent you meet. Instead, you will likely do some research, talk to friends and family who have recently sold, and speak with a few agents before deciding who to hire.

Waiting For A Buyer

Once the house is listed, you are at the mercy of the market. There is no guarantee you will find a buyer right away or that you will get the price you are asking for. Your property could sit on the MLS, only to receive offers lower than you had expected. You never know how long this part of the process will take, which makes planning ahead difficult.

The Inspection Process

Once an offer has been made, your buyer’s lender will require an inspection and appraisal. If it doesn’t appraise for what they are lending, the loan won’t be funded. If there are problems with the property you will need to either make additional repairs or negotiate the price with your buyers. When pricing your home, be sure to prepare for this step. The value of your home can change greatly once it has been inspected. Some sellers even opt to pay for an inspection themselves before putting it in the market. This will ensure that there aren’t any surprises after an offer has been made.

Escrow

The amount of time escrow can take will vary depending on the agreements made between the buyer and the seller. The buyer may ask for repairs before signing off on contingencies and the lenders may take some time to fund the loan. Typically escrow takes 2-4 weeks+.

Closing

Once the escrow process is complete, the buyer and seller will need to arrange a mutually agreed upon date to sign the paperwork. You will meet at the title company, review all paperwork and finally… sign on the dotted line.

When You Sell Directly…
Get An Offer

When you sell directly to EN-VISION HOME SOLUTIONS, you will get an offer right away. It is then up to you to decide if it is the right choice for you. We understand you might need some time to think or run the numbers. We will never pressure you into a sale.

Sold

If you choose to accept our offer, the closing can take place in a matter of days. With a direct sale to EN-VISION HOME SOLUTIONS, you will avoid all costs of listing (repairs, commissions, closing costs, etc.) and be able to plan ahead by knowing exactly when the house will close. For many properties in Columbia, a direct sale is a faster and more cost-effective solution. You will not need to make repairs or hire an agent in order to sell. Before you decide to list, find out if a direct sale is right for you! There is never any commitment!

Thinking about selling your house in Columbia? Get in touch with EN-VISION HOME SOLUTIONS before hiring an agent! (803) 828-0872

How To Finance A Rental Property In Columbia

We can help you understand the best ways to finance a rental property in Columbia! It might be easier than you think!

23

Tips For Managing Several Properties In The Columbia Area

Managing several properties can be a lot of work. In our latest post, we will offer some tips on doing it yourself and knowing when to hire a property management company to assist you.

Sure, managing your rental properties on your own will save you some money, but at what cost? How much time do you want to spend being hands-on with the properties you own? Below we offer some tips to help you manage several rental properties at once in Columbia as well as what to expect when hiring a professional to help you.

Have A Detailed Screening System

You process for screening should be very thorough and detailed. You should screen every tenant in the same way, even if it is someone known to you. Don’t rush this part of the process as missing something on a background check may end up costing you in the long run. If you don’t hire a property manager, it is still wise to outsource your background checks to a third-party company.

Stagger The Date Rent Is Due

This works well for some landlords, but not for others. You could opt to stagger the dates when rent is due so you aren’t having too chase too many people at once. For example, you could make rent for some properties due on the 1st, and have the remaining properties pay on the 15th. This may help you have an easier time managing things.

Create A Maintenance Schedule

Each property should have its own maintenance schedule that is strictly adhered to. You want to be proactive in the maintenance department because without proper maintenance, you could find yourself with much larger problems. Don’t just assume a property is fine, no matter how great things look, stick to your schedule.

Sub Out Specific Tasks

If you don’t want to hire a property manager to do it all, consider subbing out some of your least favorite responsibilities. You can hire someone to make all the repairs, to screen the tenants, to show the property on your behalf. You could also hire a part-time bookkeeper to help keep your finances in order.

Do Regular Checks On Your Properties

When you have many properties to deal with, you might find that one gets lost in the shuffle. If you don’t check on it regularly, you run the risk of finding it to be poorly maintained or damaged. Schedule regular maintenance checks and property walk-throughs with your tenants. This will help you to catch small problems before they turn into something bigger.

Be A Good Landlord

If people like where they live, they are less likely to get up and move. As a landlord, the goal is to find high-quality tenants who want to stay for the long-term. The less turnover you have, the more money you make on your rentals. Always work on being a good landlord. Hold up your end of the deal by making your property a place where people want to live. Handle all repair and maintenance issues right away and strive to have good relationships with your tenants.

Hire A Pro

Managing properties on your own will save you money. However, the consequences of spreading yourself too thin are far greater. You could allow a bad tenant to move in, or neglect repairs, resulting in damage to your tenant’s property, or hire unlicensed contracts because you didn’t have the time to do your homework. If you feel like you are in over your head, even a little bit, it might be time to break down and hire a professional to step in.

Are you managing several properties in the Columbia area? Let our tips help you find the success you’re after! Contact us today to learn more! (803) 828-0872

24

Tips For Purchasing And Marketing A New Vacation Rental In Columbia

Owning vacation rental properties is an excellent way to build wealth in real estate. In our latest post, we will help you learn more about purchasing and marketing a new vacation rental property in Columbia.

Have you ever entertained the idea of investing in vacation rental properties? Doing so can generate excellent profits while allowing you the flexibility to use the house yourself whenever you desire. You decide when the house is occupied and when it is not. What the rates are, and when you feel like raising them. In some cases, vacation rental owners can make the same amount in a week that a standard rental would make in a month. While you might run across a tough guest from time to time, you won’t have to deal with permanent bad tenants or complicated lease terms.

Finding The Right Property

A few things to consider before purchasing a vacation rental property in Columbia or the surrounding areas:

Location – Is the property in a nice neighborhood? What attractions are nearby? Are there any shops or restaurants within walking distance? Determine the type of rental property you want to offer, and choose its location accordingly.

Maintenance Costs – How much will owning the property cost you? There is the regular cleaning after a guest leaves, in addition to repairs and landscaping costs.

Demand – Are people coming to your area for a vacation? You don’t want to buy a vacation rental where nobody is vacationing. Take a look at vacation rental sites to find out what is available and how often they appear to be rented.

Size – How much house do you want to maintain? A larger house might fetch a higher price, but it will also b more to clean and maintain.

Renter Demographics – Who is staying in vacation rentals in your area? Is it families, couples, singles on business? Figure out who is staying, and market your property accordingly.

Ownership Cost vs. Potential Monthly Profit – You’ll want to figure out how much you are spending in total each month to own the house. This includes the mortgage, mortgage insurance if applicable, homeowners insurance, utility bills, cleaning, maintenance, and more. Once you have an idea of these numbers, check it against how much the property will likely bring in each month. Does it make sense?

Marketing Tips
Make It Feel Like A Home Away From Home

People want to feel at home while still feeling as if it is a vacation. find the balance in your decor while keeping things simple yet aesthetically pleasing. Include some comforts of home, and then add a few more. Some ideas would be to utilize unused pantry space to include all sorts of kitchen gadgets such as a popcorn maker, waffle iron, and ice cream maker. You could also include a gift basket upon arrival or a fluffy white robe in the closet.

Photos and Description

When advertising your vacation rental property, be sure to include lots of great photos and an extremely well-written description. Show the rooms from all angles and give as much description as possible so potential guests can get a good idea of what to expect. You don’t want guests to feel as if you hyped up the property, on;y to be disappointed upon their arrival.

Sell The Neighborhood Too

Not only do you need to sell guests on the property, but you need to sell them on the location too. Let them know exactly what is around. Include local attractions, restaurants, and stores. You could make a map and include contact information to make things as simple as possible for your guests.

Get Lots of (Good) Reviews From Guests

Gather up all of your great reviews to use in your marketing. You can include reviews both from online sites as well as handwritten ones left in the guestbook.

We can help you learn more about purchasing and marketing a new vacation property in the Columbia area! Contact us today! (803) 828-0872

25

What You Need To Know About Selling Your Home To A Real Estate Investor in Columbia

Selling your home to a real estate investor can be an efficient, simple, and profitable way to sell your Columbia property. In our latest post, we’ll discuss how it works, what you can expect, and how to determine if it is the right selling method for you!

When people initially decide to sell a house in Columbia, their first thought may not be to find a real estate investor to work with. However, the right investor can save a property owner thousands, in addition to all the time that can potentially be saved. Working with a buyer such as the team at EN-VISION HOME SOLUTIONS will allow you to avoid the traditional selling costs, save you time on the sale, and give you the peace of mind in knowing that once an offer has been accepted, you can consider the house sold. Below are a few things you should know about selling your house to a real estate investor in Columbia.

Preparing Your Property

The beauty of working with a direct buyer or property investor is that there is usually very little if any prep work that needs to be done before selling a Columbia home. Most buyers will purchase the property as is, saving you the time and effort of getting it ready for a sale. With a listing, it is important the property be kept clean at all times in case of a last minute showing request from a potential buyer. You’ll want to show your home in the best light for everyone who comes to see it. By selling directly, you won’t have to worry about strangers traipsing through your house or keeping the property in showing-ready condition at all times.

Your Costs

One of the major perks about working with a direct buyer when selling your Columbia house, is all the cash you’ll be able to save. There aren’t usually any costs when you work with a professional investor. The house is typically purchased as-is, not requiring any repairs or maintenance be done before it is sold. There is no need to clean, stage, or even market the house which can ultimately save thousands.

With a traditional listing, you aren’t free of the costs even after a buyer has been found. After the appraisal and inspection, you might be faced with even more repairs. When the property eventually closes, there are commissions, agent fees, and many other costs that must be paid. When you choose a direct sale, commissions and agent costs go out the door. You’ll be able to keep more money in your pocket when all is said and done.

The Timeframe

When you work with a direct buyer, the amount of time saved can sometimes be shocking. It is not uncommon for houses to stay on the MLS for months at a time. However, with a direct sale, the process is usually completed in only a matter of days. We make things easy and efficient so you can sell your house quickly and move on.

A fast sale helps you to avoid any more holding costs for the property. Instead of officially selling your house months down the road, selling right away saves you money on your property taxes, homeowners insurance, utility bills each month, and regular, routine maintenance.

Not All Buyers Are The Same

When discussing direct buyers and real estate investors in Columbia, it’s important to note that not all of them are the same. The points above are true for the team at EN-VISION HOME SOLUTIONS, however, if you choose to work with another buyer, make sure you find out how their process works. Some buyers may require repairs be made, that you pay for the closing costs, or that you wait to close until they have found a new buyer for your home within their network. Before selling, make sure you are asking all of the right questions so you know what to expect. When working with any company, you’ll receive a fast closing and an excellent price.

Investors Aren’t Bad Guys

We simply have a passion for real estate and make our living fixing up properties in the neighborhoods and towns we love most. It’s not about making the highest profit possible. It’s about helping local homeowners while restoring and revitalizing the Columbia area. The common misconception is that a real estate investor will only be out for themselves. However, once you get in touch with EN-VISION HOME SOLUTIONS, you’ll quickly find that’s not the case with us. We love real estate and we love the Columbia area. But above all else, we love the people who live in the area, and we want to do all we can to help!

Selling your home to a real estate investor in Columbia can be a smart and profitable way to sell. Get in touch with us today to learn more about what it can mean for you! (803) 828-0872

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Pros and Cons of Single-Family Investment Properties in Columbia

Single-family investment properties are the most common type of real estate investment. However, there are some pros and cons to consider before buying. To learn more about it and to find out if it is the right niche for you, check out our latest post below!

If you are thinking about making a real estate investment, you might automatically think of buying a single-family home. While this is an excellent choice, there might be a few things you haven’t thought about. As buyers and sellers of Columbia real estate, we have put together a list of things you may not have considered. If you have any questions about investing in Columbia, please reach out to us any time!

Pros:

Resale Value

Single-family properties will likely appreciate over time, they will hold their value as opposed to rentals which tend to fluctuate a bit more. There is always a demand for single-family homes as opposed to other types of real estate. If you decide one day that you want to sell, the odds are you will make a profit and have a much easier time selling than you would with other types of properties. If you want to walk away from the property at any time, you can. Or, if you decide you want to live their yourself, that option is always there for you too!

Lower Taxes

Single-family homes typically have lower property taxes than their multi-family counterparts. This will allow you to keep more cash in your pocket each month, without having to worry about excessive tax bills.

High-Quality Tenants

People renting a house as opposed to an apartment tend to stay a bit longer. They might be saving up for a home of their own or they have a family they don’t want to move around. Having tenants in place, without any vacancy will greatly improve your ROI. When you have good ones living in your home, it makes your job as a landlord easy. Be sure not to give them any reason to move!

Low Maintenance

There isn’t much maintenance of the standard single-family property. So long as things are all in working order when you rent out the house, the tenants you have in place should take good care of it if they want to see their deposit back. And if they don’t, it can be a violation of their lease, resulting in eviction.

Cons:

Vacancy Hurts

If you lose your tenant and aren’t able to find another one, your income from the property will be zero. Plus, you will have to pay the expenses the tenant usually pays for such as power, water, and other utilities. After all, the lights need to be on if you are going to show the property to other prospective tenants. This is the risky park of only owning one rental property. However, it shouldn’t dissuade you from buying, just make finding great tenants your #1 priority.

HOA Fees

Depending on the community, there might be HOA fees to contend with. These can rise over time, so make sure you have a true understanding of the costs and what the HOA will cover. There can be special assessments added as well, so be sure to keep up with what is going on if you do not live within the HOA’s jurisdiction. Your tenants will also need to abide by the rules of the HOA. If they are in violation, it can come back to bite you.

Single-family homes in Columbia are a wonderful way to add value to an investment portfolio. EN-VISION HOME SOLUTIONS can help with your questions as well as show you some of the best rentals in town!

Interested in single-family investment properties in Columbia? We can help! Get in touch with us today!

  • EN-VISION HOMES is a real estate solutions company. We specialize in buying houses in any condition, and are experts at finding solutions for people who are on the market to sell their own house for any reason. Our diverse team has experience with all types of buying and selling scenarios, and we understand how to make every transaction simple and stress free. With a wealth of knowledge and experience buying and selling homes, our team of real estate experts have handled some of the most complicated real estate transactions on the market today.

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