All Forum Posts by: Andrew R. Lucas

Is there any interest in having a "meet up" in Columbia, SC.  I can't make any of the evening meetings so I'm selfishly asking if anyone would want to get together at lunch time or for breakfast during the week.  I've got the venue downtown Columbia. 

Taking a poll here:  Who's interested?  Breakfast time (7 or 8am).  OR Lunch time (12 or 1pm)  

@Will Gaston @Christopher Bunge, @Chris DeTreville, @Christopher Goldie, @Logan Patterson, @Christopher Tinsley, @Matthew Hipp, @Steven M. Hughes, @Russ Scheider, @Luke Petrozza

@Parker Stiles would you mind sending your property info to me as well?  I'm looking around Columbia. 

@Antwan Phan you should contact @Christopher Bunge

@Christopher Tinsley you should reach out to @Chris DeTreville.  He may be able to locate something in that area.  

@Will Gaston you may be interested in what @Bruce Day has

@Graham Howell

Im an investor in Columbia.  What do you have going on here??

@Dave Toelkes, I figured he was just looking for an easy comparison of what to expect.  There are many other people better qualified to give the full low-down on the tax calculation but here is my best try:

When a owner moves out the assessment goes from 4% to 6%.  That property also loses the School Tax Deduction.  That was a law passed a few years ago that gives owner occupants a deduction on school district operating costs.  So the deduction basically reduces the millage rate.  This is for Richland County.  I don't know about other counties.  Example...

$100,000 taxable value. 

$100,000 x 4% (owner occupied) = $4,000 Assessment

$4,000 x .260 (district millage rate) = $1,020 Tax amount

$4,000 x .130 (district millage discount) = $510 property tax relief

$1,020 Tax amount - $510 property tax relief = $510 Property tax for owner occupant.

$100,000 taxable value

$100,000 x 6% (Non-owner occupied) = $6,000 Assessment

$6,000 x .260 (district millage rate) = $1,530 Tax amount for Non-owner occupied

@Christopher Tinsley Here is a simple example:  

I had a property go from $700 a year to $2,000 a year when I moved out and went to 6%.  

@Christopher Tinsley The southeast side is just closer to all of the bases.  The northeast area is great too because the schools are better.  Both areas have their pros and cons.  You may need to visit to figure the best for your family.  

@Christopher Tinsley Columbia is one of the most Military friendly cities in America!  If you look on Southeast side of town you can have your pick of military renters.  That area has Ft Jackson, Shaw, McIntire, and the Marine base out Leesburg rd (can't remember name).  You could even pull students from the Medical school as well.  

Sumter is not bad, because they are adding tons of manufacturing jobs just outside the town.  However, the town as a whole is much smaller than Columbia.  That could mean better deals for you :)

Stay away from Camden as an investment.  Great town. Love the place but bad for rentals.