They are brutal in all of South Carolina, but specifically in Columbia.A $1,000,000 investment property would be paying over $28,000 year just in property taxes.#1 tip I'd give if you're buying existing (or building) is to call the assessor and ask specifically what the new assessment will be after improvements.

page=1&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification&utm_content=Transactional#p5535505https://www.biggerpockets.com/users/ZacharyCole/referencesHere are my interviews on the BP podcast:Podcast Episode #847 https://www.biggerpockets.com/blog/real-estate-847Podcast Episode #994 https://www.biggerpockets.com/blog/real-estate-994Podcast Episode #626 https://www.biggerpockets.com/blog/real-estate-626I'll be happy to answer any additional questions you have so reach out at any point in time.

It definitely can be done, but it takes more time and more investment per deal to hit $500k fees.Its also a much, much smaller network.

That's a $268,000 gain per property, or, a total equity gain of $536,000 (which is higher than the CA property's equity gain of $296,000).This is a theoretical example using gross approximations, but hopefully it displays the point that percent-growth is still more important than total value growth.And you're also right about it being a coincidence that certain states are blue and experience high appreciation.

Patience is a virtue that may be worth practicing.  

If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!

This exemption can be a game-changer when it comes to reducing your property tax liability.

Bottom line: There may be large monthly cash flows, but they won’t be going into your pocket :(Positive InteractionsTo be fair, James Wachob and his team are pleasant to work with.

It doesn't have to be one extreme or the other.

STR demand is there, but regulations can be stricter.2.