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Updated over 5 years ago,

User Stats

4
Posts
1
Votes
Nailah Williams
Pro Member
1
Votes |
4
Posts

High HOA fees and 6% taxes need advice

Nailah Williams
Pro Member
Posted

I am buying my first property. I found 1 that's about 30k in Columbia SC. rehab would be between 5-10k. Contacted the realtor and he told me the HOA is about 350 per month. Yes high. They only have a community pool. He also told me I would have to pay a 6% yearly tax since I would not be living there. So right off I would be out 500 bucks. I can safely rent for 950. I am paying cash but would like to BRRR. the reason I picked this is because it's a townhome so I don't have to worry about the roof/ foundation/ or other structural issues. Can someone give me some advice?

  • Nailah Williams
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