All Forum Posts by: Jared Wonders

Evening would work better for me if possible. Still in the 9-5 grind :)

Thanks for putting this together @Dan Handford. Either day would work for me!

Hey @Dan Handford this is something I would definitely be interested in as well. Doesn’t get much better than Top Golf and talking real estate!

Looking forward to the Meetup Steve! I’ll definitely be attending!

Good evening BP users!

Recently purchased a property in SC and unfortunately we’ve been getting hit with a lot of rain lately. Our tenants were set to move in last Friday and noted water coming into the garage. Thankfully they noted the issue and let us know prior to any damage. The driveway slopes down and we should be able to divert the drains from the garage however to anyone’s knowledge is there any solution other than replacing the entire door due to the open crack near the bottom? Thanks in advance for everyone’s help and advice!

That is absolute insanity. Going off your appraised value I’m thinking your taxes would be around 1700-1800 or so per year based on Lancaster county’s millage rate (0.313) but I am by no means a tax pro so I would make sure to get those numbers double checked. Good luck and hopefully I was some help! Jared Wonders

No problem Devin glad to help. We recently purchased a property in SC and it can really make or break your cash flow. Here’s a link to SC tax rates and how to calculate. I would probably ask your lender if they could look it up for you as well to give you an exact number but this should give you a rough estimate. http://www.sccounties.org/Data/Sites/1/media/publications/propertytax2017.pdf Jared Wonders

Hey Devin! Congrats on your first flip. If you don’t mind me asking is the property in NC or SC? The reason why I ask is there is a substantially difference in taxes for SC investment properties (higher millage rates) along with higher rate for non-occupant owners (6% vs. 4% for occupant owners). Also for townhomes and condos be aware you might have assessments that can come up and extra reserves would be a good idea in case these pop up.

Hey Jack,

Congrats on getting into the real estate grind. I'm also an investor in the Charlotte area and this market is HOT right now. I'd highly recommend attending local REIAs (I.e. Metrolina, Charlotte REIA, Hobby Millionaire, etc.). Good luck in your investing and feel free to reach out with any questions.

Jared Wonders

@Dick Rosen, @Megan Phillips, @Caleb Heimsoth

Thank you all for your responses. That is pretty much the consensus that I have received from my other sources as well just could cause a multitude of other issues. Appreciate the advice for a first time investment owner!