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Updated over 5 years ago,

User Stats

43
Posts
12
Votes
Aaron Sizemore
  • Investor
  • Summerville, SC
12
Votes |
43
Posts

Property tax on rental question

Aaron Sizemore
  • Investor
  • Summerville, SC
Posted

Hey guys,

I am new to the REI scene so take it easy on me! I have been soaking up all the info on the website for the past couple months but have yet to find good solid info about property taxes for rentals. I just submitted an offer for a single family (Fannie Mae) property in Columbia SC. My understanding is that property taxes are almost triple the cost for rental properties ($2700 for this particular property). So my question is, will all of my deductions/tax advantages offset this horrible number?? I am assuming so or it would be very difficult for investors to own so many rental properties.I just wanted to run it by the professionals. Thanks guys!

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