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Updated over 6 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Robert Dantec
  • Flipper/Rehabber
  • Clifton NJ
1
Votes |
11
Posts

Any landlord investors here from Columbia South Carolina?

Robert Dantec
  • Flipper/Rehabber
  • Clifton NJ
Posted

I am from NJ and looking to start a rental portfolio in Columbia SC. I would like some guidance if possible from landlords in this city. Is there a strong demand for rentals in this city?

Most Popular Reply

User Stats

636
Posts
313
Votes
Andrew R. Lucas
  • Investor
  • Columbia, SC
313
Votes |
636
Posts
Andrew R. Lucas
  • Investor
  • Columbia, SC
Replied

@Robert Dantec there are plenty of investors from Columbia on BP.  And more joining all the time.  Welcome aboard!

As for the market: "strong demand" is relative.  We obviously think its a decent market but i'm sure there are better ones out there.  

In a nutshell... Rents are good compared to home prices (1% rule is easy to find).  Military and College creates demand.  BUT... Appreciation is almost non-existent in most of the city.  Taxes are high for investors.  

I know of a few small portfolios that one could start with.  PM me if interested. 

  • Andrew R. Lucas

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