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Updated over 5 years ago on . Most recent reply

User Stats

36
Posts
14
Votes
Maximilian Marck
  • Gastonia, NC
14
Votes |
36
Posts

Would you buy in SC?

Maximilian Marck
  • Gastonia, NC
Posted

I am currently looking for deals in Gaston County, but I'm curious about what you think about investing in SC areas like Fort Mill or Lake Wylie. 

Do you buy in these cities?

What would your concerns be about investing here? Taxes? Legal complications?

I'm looking forward to what y'all have to say.

Most Popular Reply

User Stats

38
Posts
3
Votes
Mike Morrell
  • Real Estate Agent
  • Fort Mill, SC
3
Votes |
38
Posts
Mike Morrell
  • Real Estate Agent
  • Fort Mill, SC
Replied
Originally posted by @Maximilian Marck:

I am currently looking for deals in Gaston County, but I'm curious about what you think about investing in SC areas like Fort Mill or Lake Wylie. 

Do you buy in these cities?

What would your concerns be about investing here? Taxes? Legal complications?

I'm looking forward to what y'all have to say.

 I currently live in Fort Mill and invest in Fort Mill/Tega Cay/Rock Hill/Lake Wylie.  Taxes are the biggest challenging with investing in SC - the investor tax rate is about triple the primary residence rate - but the rental rates take that into account and there is a serious dearth of rentals in this market.  Finding deals may be challenging in the current strong sellers market, but if you can find them, it's a fantastic area to own real estate due to the fabulous school system and proximity to the airport/Charlotte.

Hope this helps!

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