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In this episode, Mark Faris and John Makarewicz walk you through their newest acquisition — Faris Residences Georgetown, a 66-unit value-add property located between Charleston and Myrtle Beach, South Carolina.
In this episode, Mark Faris and John Makarewicz walk you through their newest acquisition — Faris Residences Georgetown, a 66-unit value-add property located between Charleston and Myrtle Beach, South Carolina.They unpack why this deal stood out: a 100% classic-unit building acquired at just $100K per door — well below market value — with a projected $400+ monthly rent lift per unit plus meaningful operational upside.
With all ground-floor access, strong senior appeal, and virtually no local competition, the team sees exceptional potential in this asset.Mark and John also share how their proven track record and broker relationships helped them win the deal — even against offers significantly higher. They dive into their 28-day transformation plan, full-scale renovation strategy, and how the investment structure is designed to support both income-focused and growth-oriented investors.
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