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Updated over 6 years ago on . Most recent reply
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Any landlord investors here from Columbia South Carolina?
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
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@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