All Forum Posts by: Will Gaston

I'm looking to purchase a couple single family detached homes for rentals in the coming months.  Can anyone suggest Property Managers in the Columbia, SC market?

Thanks, Christian

@Will Gaston for how many investment properties can you use this 25% exemption?

Hey Bp family,

I’m looking to move to Lexington, South Carolina area within the next year or so. I would like to start investing in real estate once I get situated down there. My plan is to sell my primary home in New York and purchase a house to live in South Carolina. I also have three other investment properties in New York. I would like to 1031 exchange these properties into investment properties in South Carolina. From the research I’ve done so far, it seems that South Carolina taxes investment properties at 6% which makes a tax bill quite high compared to a primary home. This worries me a little. The high tax eats away a lot at the cash flow. Is it still worth to invest in the area?

Also if anyone has any contacts in the area and would like to share, I would greatly appreciate it. I don’t have any In the area at this point. Tax accountants, investor friendly agents, 1031 exhange experts etc. Thankful for any response or input.

 Hi Will,

Thanks for your posts, they are very helpful! I have 2 questions:

1) You mentioned you make one lease for all the student tenants in the house. But what if I get one room filled today and another 2 weeks later and another 1 month later. How will I tell the first tenants to wait to sign the lease until all the rooms are filled??

2)  Do you manage your student rental properties on your own or use property managers. From your posts it seems like you manage them on your own. So is there any disadvantages you see to using a property manager for student rentals.

Please advise - Thanks - Benny

Hi all,

For anyone who has student rentals I would love your advice! I have had a lot of success purchasing 5 bedrooms houses next to larger universities and have been able to easily find tenants. However, I just purchased a 5/2.5 perfectly situated next to a larger university in Chattanooga and it has been very hard to find tenants. I am wondering if this is just the wrong time of the year. Really if I could sign a group up for 2025 I would be very happy with that and would just try my best to do month to month until the new school year. 

My question is should I just suck it up until April, or should I drop my rent rates now to get renters. I know if I do not rent to students, we will not get even close to the type of rent we are looking for, but paying the mortgage with no rent is hard on my family and I. 

Thank you!  

Looking for a lender to do a DSCR in South Carolina.

I am looking for property managers in Columbia, SC.  Tried the PM finder here but it came back with nothing so hoping someone may be able to recommend a PM for a 34 unit property.  TIA!

Got it will try him, thank you

Are you investing in multi-family in Cola? There is an interesting listing I would like to get your view on

The house is a 4bd/2bath close to campus - mostly looking to fix indoor walls (dents, cracks etc), windows, and tidy up the crawlspace? 

Have you used any good companies in the area that you would recommend?

Hello,

I’ve been involved in real estate investing for about a year now, so I’m still relatively new to the game. Currently, I have two single-family homes: one in Orange County, CA, which generates excellent cash flow, and another in Fort Collins, CO, where I live and rent out the basement apartment as a furnished mid-term. As an attorney by profession, my legal background has been a valuable asset in navigating contracts and regulations, and I’ve successfully self-managed my properties.

Now, I’m looking for my next investment—a single-family home in Fort Collins, ideally to rent to college students—and I’m interested in partnering with someone who shares the same goals.

What I bring to the table:

• Cash
• Legal expertise
• Willingness to manage the property

What I’m looking for in a partner:

• Strong deal analysis skills
• Experience in real estate investing
• Knowledge of how to find the right opportunities
• Cash

If you think there’s potential for collaboration, I’d love to chat!