Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

21
Posts
2
Votes
Steve Muise
  • Charlotte, NC
2
Votes |
21
Posts

General question to investors in SC

Steve Muise
  • Charlotte, NC
Posted

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?

Loading replies...