All Forum Posts by: Jamie Barton

I try to focus just outside of Columbia in Lexington County, the taxes are a good bit lower.  Both markets are still very seller friendly at the moment, so it is tough finding good deals.

@Tom Antonio - Any luck on this?  I am looking at purchasing a quad in Georgetown.  I am planning on managing myself (I live in Columbia, SC) but always like to have a few good contacts for the area.

@Delicia M. - How are your houses performing in Georgetown?

Thank you for the input, that was part of my concern as well.  I appreciate it!

I agree. Thank you for the input. I was very uneasy about this but wanted to get some additional input. Thank you!

The covenants limit income for tenants to 80% of the median income of the area which means that I could only rent to people making less than $36,000/year. It also caps rents. The current rent cap is about $940. The units are currently rented for $795 each. The most I could get based on market rents may be around $840. These covenants are active for 20 years. If I were to sell the property prior to 20 years and the buyer did not want to honor them, I would have to give the housing authority a piece of my profit. The units were just re-done completely and are 100% occupied. I just wanted to know if anyone was familiar with something like this. It has me on the fence about pulling the trigger on this deal.