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Updated about 3 years ago on . Most recent reply

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Erica Page
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Investment Property / Furnished Rental

Erica Page
Posted

Hey all! I'm an investor who flipped from 08-14. I live in SC. Now I focus on long term rentals following the 10% rule. I have 2 single families, two duplex's, and one triplex-- all in SC. In SC, property tax for residents is great. Non-primary residences are high. So, I'm looking into out of state markets with lower tax liability for out of state owners. 

In a perfect world, I'd like some vacation rentals to furnish near the mountains, a lake, or the beach. That way, if I furnish them I could rent it for part of the year and enjoy it too.  Is there somewhere that has not had the giant boom in in prices. That way I could make more in appreciation as those hidden gem locations gain popularity in the future.

I heard that NC property tax for residents and non-residents is the same and the number of properties owned does not matter. I do not know anything else about other states.

Do you have any suggestions for me to look at or areas to avoid? There is a lot I have to learn and I appreciate your help!

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