The rules and disclaimers governing your use of newsouthrei.com, property submissions, our investor buyer list, and all related New South REI, LLC services.
These Terms of Service ("Terms") govern your access to and use of the website located at newsouthrei.com (the "Site") and any related services provided by New South REI, LLC ("New South REI," "we," "us," or "our"). By accessing the Site, submitting a property, joining our investor buyer list, contacting us through any form, or otherwise using our services, you agree to be bound by these Terms and our Privacy Policy.
If you do not agree to these Terms, do not use the Site or submit information through it. We reserve the right to update these Terms at any time, as described in Section 18.
New South REI, LLC is a real estate investment company organized under the laws of the State of South Carolina, with operations primarily focused on the Upstate South Carolina market, including but not limited to Greenville, Spartanburg, Anderson, Fountain Inn, Simpsonville, Greer, Mauldin, and Easley.
We are a principal buyer of real estate. Some properties we purchase we hold as long-term investments or rentals. Some we renovate and resell. Some we assign to other investors in our network. New South REI, LLC is not itself a licensed real estate brokerage. However, one or more principals or employees of New South REI may hold an active South Carolina real estate license. The capacity in which any such licensee participates in a given transaction is described in Section 4.
To use the Site or submit information through it, you must:
If you do not meet these requirements, do not use the Site.
One or more principals or employees of New South REI, LLC may hold an active South Carolina real estate license. The capacity in which any such licensee participates in a transaction depends on whether New South REI is acquiring or selling the property, and is disclosed below and in the applicable written contract.
When New South REI is making an offer to purchase your property, any principal or employee involved — whether or not they hold a real estate license — is acting as a principal buyer for the company's own account (or for assignment to another principal buyer as described in Section 7). A licensee involved in the acquisition is not acting as a real estate agent representing you, is not providing brokerage services to you, and is not in a fiduciary or agency relationship with you. No commission is paid by you to New South REI or any licensee in connection with the sale.
If you want representation by a licensed real estate agent — including a market analysis, MLS exposure, or buyer-side negotiation on your behalf — you should engage your own licensed South Carolina real estate broker independent of New South REI. We can refer you to other licensed agents upon request.
When New South REI sells a property it owns — for example, after renovating a property we previously acquired — a licensed principal or employee of New South REI may act as the listing agent representing New South REI as the seller. Such a licensee may list the property on the Multiple Listing Service (MLS), market the property, negotiate offers on behalf of New South REI, and earn a real estate commission paid through the licensee's sponsoring brokerage. In this capacity, the licensee represents New South REI as the seller and does not represent the buyer unless a separate written agency agreement is executed.
South Carolina law requires real estate licensees to disclose their licensed status in writing to all parties in a transaction. New South REI complies with these requirements through this Terms of Service page, through the purchase or listing agreement applicable to each transaction, and through any additional disclosures required by the South Carolina Real Estate Commission (SCREC) and the licensee's sponsoring brokerage. If you have not received a written disclosure of licensee status before signing any contract, request one immediately.
Nothing on this Site, in any communication from New South REI, or in any offer we make constitutes legal, financial, tax, accounting, or other professional advice. Real estate transactions have legal, tax, and financial consequences that depend on your specific situation. Before signing any contract, accepting any offer, or making any decision regarding the sale or purchase of real estate, you should consult with a licensed attorney, certified public accountant, financial advisor, and any other professional appropriate to your circumstances.
Any information we share — including about pricing, market conditions, creative finance structures, tax implications, or transaction processes — is provided for informational purposes only and should not be relied upon as professional advice.
When you submit a property to New South REI through a form, phone call, email, or any other communication channel, you represent and warrant that:
Submitting a property to New South REI does not obligate you to accept any offer we make. An offer from New South REI is not binding on either party until reduced to a written, signed purchase agreement executed by both parties. We may withdraw or revise an offer at any time prior to execution of a written agreement, and you are free to reject any offer for any reason or no reason.
Offers from New South REI are based on factors including but not limited to: property condition, location, comparable sales, repair costs, holding costs, financing costs, and our desired return. Our offers are typically below retail market value (the price you might achieve by listing with a real estate agent and selling to a retail buyer). The trade-off is speed, certainty, no repairs, no showings, and no commissions. If you want to maximize sale price and have the time and ability to wait for the right retail buyer, listing with a licensed real estate agent will usually result in a higher gross sale price.
New South REI reserves the right, in our sole discretion, to assign any purchase contract we enter into to another investor, entity, or assignee at any time before closing, unless explicitly prohibited by the executed purchase agreement. This is a standard practice in real estate investment and may be referred to as "wholesaling" or "assigning."
When we assign a contract, the assignee — not New South REI — typically becomes the buyer of record at closing. We may receive an assignment fee or other compensation in connection with the assignment. We disclose our role and the existence of any assignment in the purchase agreement itself, and you have the right to refuse any contract that does not contain assignment terms acceptable to you.
Our investor buyer list is a private list maintained by New South REI of real estate investors who have requested to receive notifications of off-market and wholesale opportunities. Membership on the buyer list is at our sole discretion. We may add, remove, or modify list members for any reason or no reason, including but not limited to:
Deal information shared with buyer list members is provided for the recipient's own investment purposes. Recipients agree not to republish, redistribute, or wholesale any deal information to third parties without our prior written consent. Property addresses and seller contact information are confidential.
New South REI may discuss or offer alternative deal structures, including but not limited to seller financing, subject-to transactions, lease-options, hybrid offers, and other creative finance arrangements. These structures have significant legal, tax, lender, and insurance implications that vary based on individual circumstances.
Any creative finance proposal must be reviewed by your own licensed attorney, accountant, and (where applicable) licensed mortgage professional before you sign any document. Subject-to transactions involve taking title while leaving an existing mortgage in place and may trigger lender due-on-sale clauses. Seller financing creates ongoing legal and tax obligations. We are not attorneys and we are not advising you on any specific structure.
You agree not to use the Site to:
All content on the Site — including text, graphics, logos, images, videos, design elements, software, and the New South REI name and logo — is the property of New South REI, LLC or its licensors and is protected by United States and international intellectual property laws.
We grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Site for personal, non-commercial purposes consistent with these Terms. You may not copy, modify, distribute, sell, lease, or create derivative works from any part of the Site without our prior written permission. The New South REI name, logo, and any associated brand marks may not be used in connection with any product or service without our prior written consent.
The Site may contain links to third-party websites, services, or resources. We do not control, endorse, or assume responsibility for the content, products, services, or practices of any third-party site. Your use of any third-party site is at your own risk and subject to that site's own terms and privacy policy.
You agree to indemnify, defend, and hold harmless New South REI, LLC and its members, managers, employees, contractors, agents, affiliates, and service providers from and against any and all claims, demands, losses, liabilities, damages, costs, and expenses (including reasonable attorneys' fees) arising out of or related to:
These Terms and any dispute arising out of or related to them or your use of the Site shall be governed by and construed in accordance with the laws of the State of South Carolina, without regard to its conflict-of-laws principles. The Site is operated from the State of South Carolina, and any matters concerning your use of the Site are subject to South Carolina law.
Before initiating any formal proceeding, you agree to first contact New South REI in writing at the address in Section 21 and attempt to resolve the dispute informally. We will work in good faith to reach a resolution within sixty (60) days of receiving your notice.
If informal resolution does not resolve the dispute, you agree that any legal action or proceeding arising out of or related to these Terms or your use of the Site shall be brought exclusively in the state or federal courts located in Greenville County, South Carolina, and you consent to the personal jurisdiction of such courts.
We may update these Terms from time to time. The "Last Updated" date at the top of this page reflects the most recent revision. Material changes will be communicated through additional notice (such as a banner on the Site or a notice to active contacts). Your continued use of the Site after the effective date of an update constitutes your acceptance of the updated Terms. If you do not agree with the updated Terms, you must stop using the Site.
We may suspend or terminate your access to the Site at any time, for any reason or no reason, without notice or liability. Upon termination, all rights granted to you under these Terms will immediately cease. Sections that by their nature should survive termination — including disclaimers, limitations of liability, indemnification, intellectual property, governing law, and dispute resolution — will survive.
These Terms, together with our Privacy Policy and any written agreements you execute with New South REI, constitute the entire agreement between you and New South REI with respect to your use of the Site and supersede all prior or contemporaneous communications, whether oral or written.
If any provision of these Terms is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, that provision shall be modified to the minimum extent necessary to make it enforceable, and the remaining provisions shall remain in full force and effect.
Our failure to enforce any provision of these Terms shall not constitute a waiver of that provision or any other provision. No waiver shall be effective unless made in writing and signed by an authorized representative of New South REI.
You may not assign or transfer your rights or obligations under these Terms without our prior written consent. We may assign or transfer our rights and obligations under these Terms without notice or consent.
New South REI shall not be liable for any failure or delay in performance to the extent caused by events beyond our reasonable control, including acts of God, natural disasters, war, terrorism, pandemic, civil unrest, labor disputes, government action, internet or utility outages, or third-party service failures.
Notices to New South REI must be sent in writing to the address in Section 21 and are effective upon receipt. Notices to you may be sent to the email or postal address you provided to us or by posting on the Site.
Section headings in these Terms are for convenience only and have no legal or contractual effect.
For questions about these Terms, to provide notice, or to initiate informal dispute resolution under Section 17, contact us:
Email: [email protected]
Phone: (864) 399-1993
Mailing Address: [Business Mailing Address — required]
For dispute notices, use the subject line: "Notice of Dispute" and include a description of the dispute, your contact information, and the resolution you are seeking. We will respond within sixty (60) days as described in Section 17.