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Updated about 8 years ago,

User Stats

83
Posts
12
Votes
Kelvin Letron Brantley
  • Rental Property Investor
  • Fort Mill, SC
12
Votes |
83
Posts

Tax Assessment for Lease Option Property

Kelvin Letron Brantley
  • Rental Property Investor
  • Fort Mill, SC
Posted

I'm looking to lease option properties.  In my state of South Carolina, there is a different tax rate for Owner-Occupant vs Investor.  My questions are:

1. If a seller agrees to L/O, are they required to go to the county and have the property assessed as an investment?

2. When entering into a L/O should I structure my Tenant-Buyer agreement to help cover the cost of the increase?

Thanks

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