Real Estate Investing with Coach Carson #463: How I Turned 1 Ugly House Into 3 New Rentals
Dec 5, 2025
Discover how a rundown house transformed into three rental properties through clever strategy! The host shares insights about finding undervalued real estate and the negotiation tactics that led to a successful purchase. Delve into the importance of zoning and subdividing for maximizing value, along with a detailed breakdown of costs and expected returns. Learn why new construction trumps renovation in certain situations, offering a glimpse into the profitability hidden behind seemingly terrible deals.
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From Buzzard House To Three Lots
- Chad Coach Carson bought a trashed âbuzzard-coveredâ 1950s ranch house in Clemson and converted the site into three new rental lots.
- He documented the full process, from finding the MLS listing to tearing the house down and planning new construction.
University Location Supports Premium ARVs
- Clemson area values vary widely with new construction often 600â750k while older homes can appraise near 300k.
- Location near Clemson University drives strong demand and supports higher ARVs for new builds.
Multiple Offers Then Price Drop
- The property listed as house plus extra lot at $298k; Chad made multiple offers as other buyers fell through.
- They ultimately bought it for $190k after the seller repeatedly reduced price post-contingency failures.