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Updated about 8 years ago,
General question to investors in SC
I mentioned in a previous post that I had a possible deal fall in my lap in Lexington, SC. Perfect house for investor except...
The owner has been renting for 5 years and paying owner occupied property tax ($864 for 2016 according to tax card) and I calculate tax as rental will be $3844 for 2016.
MV ~$130K but deal is marginal at $110K and fair - good at $100K for investor.
How do investors compete against buyers looking to live in the home in SC when there's such a big difference in the tax rates?