All Forum Posts by: Cody Richman

@Reggie Maggard Contacting the county assessor is my next plan. One would presume that taxes would be less on a combined property rather than 5 separate. I've heard of this happening when land was undivided.  Curious if anyone here would know of any other potential benefits or possible pitfalls.

New to the forum so forgive me if there is a better area to post this question. I'm looking at a portfolio of 5 townhomes being sold together under separate TMS numbers. They physically makeup 1 building. People combine land all the time but I'm wondering if this can be done with dwellings. Meaning take 5 separate unit TMS numbers making it 1, 5-unit multi-family. If so is there any benefit in doing this or would it be wiser to keep them separated? Just curious about refinancing in the future when rolling in fees on 5 separate units. Seems simpler to combine them if possible. 

Thank you all for the welcome! 

@Account Closed Thank you for the offer I might take you up on that. 

Hello BiggerPockets! My name is Cody and I'm a total newbie currently residing just outside of Charleston, SC. I discovered BP a few months ago and have completely immersed myself in as much information as I can. I can't wait to continue to learn from experienced investors and build valuable relationships. I'm primarily interested in buy and hold investments and would like to focus solely on real estate once I retire from the military. Possibly sooner depending on how things are shaping up. Looking forward to hearing from you all! Thanks.