All Forum Posts by: Josh Stevenson

Looking for similar information will continue looking. 

Just as you said, depending on the location and build you're looking at a wide range of builds. 

Here in Lexington School District 1, 29072, zoned for Riverbluff HS, you are going to be getting around 70-80 a square foot. That's on less than .25 acres and around 2500-3000 ft^2 with vinyl and partial brick. 

I am not a developer but I've seen higher prices for lots that are brick. There are a lot of homes and developments going up in the Lexington Area because of the growth in population and businesses. There is a lot of developments going up in the Rosewood and Columbia area for college housing as well, mostly condos or townhomes, some multifamilies as well. 

Cayce and Columbia have smaller homes that are often rentals and cash flowing properties. There is still space for developments and converting older buildings. 

 What's your ft^2 price on your development (sale price)?

Hey Carlos, let's connect. Looks like you're probably looking in the Columbia area, but possibly east Columbia or more rural?

Pull it off!

Be proactive. Best case scenario, the taxes are wrong and come December you have to pay the difference all at once from 4%-6% including the tax increase for non primary resident homes. It's about 2-3 times more expensive. Less likely- In SC the default rate is 6%. If they have an updated tax assessment at 4% for 2 of your properties it's possible that you and or a loved one are listed as primary residents at each of those properties. Least likely- To receive the 4% there was either a mess up at the assessor' office, you must request the 4% for your primary residence, or something else. Surprise giant bill at the end of the year? No fun fix it now to avoid the big payment. The state will get their money eventually. Use good tax keeping and accounting to minimize taxes not a mistake that can come back to hurt you.

The tax sale is what's called a senior lien. It takes first place of all other liens. The issue you're going to have is in claiming ownership of the property. In South Carolina the winning bidder purchases a lien against the property. You must wait a year until you can move forward with beginning the process of claiming ownership. During that year the owner can then redeem the property by paying interest on the winning bid amount. Not to exceed the total amount originally owed. If the starting bid is $700 they probably owed like 650ish. So no matter what your bid is you can only make $700 max if they redeem it. This is an auction so be prepared to move quickly, bid quickly and be outbid. After that year of waiting, after you've won the bid, you will receive a tax deed. This promises you nothing except that currently you own the property. You can rent on it and say that it belongs to you. Trying to sell it may bring up issues with the title. That's why title work is so important, buyer beware. After this year you still could lose the property and it be redeemed (again with a maximum interest payment to you of the original bid (in this case $700)). This happens if the state didn't give "proper notice" to the original owner that they were in default of their taxes and their property tax would be sold at auction. Taxes take priority of mortgages. This is usually why a property is foreclosed by the mortgage company. Mortgaged properties aren't usually sold at tax auction unless their is a mix up with the lending company. There will need to be a clearing up of liens against the property after you're the winning bid and you will actually have to claim the property and pay the taxes or your property that you bid on will be again sold at auction and bid on by buyers. If you have more questions ask a Real Estate Attorney. I can point you in the right direction. If I can be of any other assistance please let me know.

Columbia's MLS is similar to what @Troy Gandee shared about Charleston's. You could certainly be an assistant but our RE laws prohibit paying someone a kickback or referral fee who doesn't have a license. 

As an assistant you could certainly be paid a salary or hourly wage with incentives, but that's a question outside of what I'm currently doing.

If you're look for an admin position, I know of a REALTOR in the Columbia market was was looking for one. Send me a PM and we can talk some more. There are laws about what you can and cannot do without a license, but it happens often in our market especially in Keller Williams where the Agents are encouraged to build a business and the first hire should be an assistant. 

What part of SC are you looking? Upstate, midlands? Bigger Pockets just released a study and said Atlanta was a great place for growth in RE. 

Best of luck! Keep working hard.

Read. Ask questions. Read more. Meet up with Local Real Estate Investors. 

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