All Forum Posts by: John Hovanec

@Ahsan Walker hey ahsan. Welcome to bigger pockets. What part of the upstate are you from?

@Daniella Steinberg Columbia has some good areas and some not so good areas. Owner occupied is 4% taxes. Non owner occupied is 6%. Some county website have an estimator online or you can call the county tax accessor and they will tell you. It does make a big difference. There’s a few people on here that focus on Columbia. They will probably reply later on. I’ve wanted to buy in that area but haven’t made a move that way yet.

@Daniella Steinberg hey daniella. What part of South Carolina are you looking to invest in? I invest in the upstate. Rental market is good in my opinion. When running ur numbers keep an eye on ur taxes. In sc taxes are 6% for rental properties. Feel free to ask any questions you have. I have a few rentals in the upstate.

@Richard Rogers. My 2 cents is borrow out as much as u can while rates are low and buy smart investments. Don't just rush to buy something since u have the cash. If u do a HELOC pay it back after each flip or if u do a refi just reuse your initial investment. The Greenville market is hot so be careful. Good luck. 

Hey @Zach Babich Brown. Welcome to South Carolina. Have you focused in on an area of sc yet? I live in the upstate so let me know if there’s something I can help with. Good luck. 

@Danielle Lunt hopefully you will enjoy ur visit. Like john said there are a lot of different kind of people in the Easley area. I live in Piedmont which is beside Easley. Make sure you check out the downtown Easley area. Still has a small town feel with a lot of good food and shops. Then visit the downtown Greenville area which is only 10-15 mins down the road. Cheaper prices in Easley and still close to everything. Good luck. 

@Bryant Stokes have you talked to any of your local credit unions?

@Elijah Marrero Molina. Like Antonio said a lot depends on the location. Are you wanting beach rentals, college rentals, sfh, or a list of others. I invest in the upstate sc. I have rentals. They do well. Just make sure u keep an eye on the property taxes. Rentals are 6% and live in properties are 4%. Makes a big difference is ur numbers are close. They have a different way of figuring the taxes. The rental rate is normal twice the normally rate. But knowing that ahead of time the numbers still work. Feel free to reach out if u have any questions. Good luck. 

@Tinsley Morman I’m not sure about greenwood but Greenville can defer a good bit. Greenville county $600 or so downtown Greenville a lot more. Greenwood would be cheaper then Greenville over all. Are you doing high end or blue collar? Have you tried rentometer? Good luck.

@Craig Davis what city in SC? Rental market is good in most of sc. if u plan to be an out of state landlord make sure u vent ur property management really well. Taxes in sc are higher for investment properties. When it goes to ur name and if u aren’t planning on living in it the taxes will go for 4% to 6%. It’s not a major thing just keep it in mind when you do ur numbers. If it’s in the upstate I might be able to swing by and show u the condition of it. Not sure when u saw it last. I invest in the upstate and will try to help anyway I can. Good luck.