Updated almost 8 years ago on . Most recent reply
Greenville SC Bedroom Community
Good Evening,
My name is Will, I am from NYC and am curious about the Greenville market. I am looking to invest in a 3bd SFR in a bedroom community. What are the best rental communities in Greenville and is the 1% rule attainable in the market? Looking for a little appreciation and a little cashflow. From what I have been told Greenville is a hot market.
Most Popular Reply
I don't invest in the Greenville market, but as no one else has replied yet, I will try. I live 45 minutes from Greenville and invest in Columbia, the state capital which is about an hour and half away from Greenville. I invest in Columbia, rather than Greenville, because my husband is from Columbia and I lived there for 8 years and therefore know that market better.
Speaking about South Carolina in general, the 1% rule should be attainable. I would look for cash flow and not to appreciation. South Carolina isn't really known for its rapid appreciation. Something to be aware of is property tax. South Carolina property tax varies significantly between counties and some cities have there own property tax. I would definitely do your research on the property taxes in Greenville, Spartanburg, and Anderson Counties (these counties make up the Greenville-Spartanburg metro area). If you are going further out check out surrounding Pickens, Cherokee, and Laurens county.