Navigating the Real Estate Market with Cyrus Vagheei

I’m talking with Cyrus Vagheei , who has an interesting dual hustle. By day, he’s training as an appraiser with the Department of Highways, a process that takes about four years to complete. It’s a job that aligns well with his real estate work, which he’s been passionate about since childhood. His family has been in the real estate business for 30 years, and he’s been involved in it for much of his life.

Cyrus focuses on residential properties, particularly buying and renovating homes. He sees real estate as a long-term investment and a solid path toward financial security. He enjoys the process of taking run-down properties, fixing them up, and then renting them out, helping contribute to the revitalization of Charleston. As we talk, he shares his perspective on the current market. More people are moving back into the city, drawn by the lower cost of living compared to bigger urban areas like Charlotte or Nashville. This shift is creating both challenges and opportunities in the local real estate scene. While property prices are rising, Cyrus finds it easier to secure tenants and sees growing demand for homes in the suburbs.

As we wrap up, I ask Cyrus what advice he’d offer to anyone looking to get into real estate. He stresses the importance of doing research and understanding the challenges of the business. It’s not as simple as it looks on TV, and it requires a lot of organization and effort. But if you do your homework and stay committed, real estate can be a rewarding venture.