How do you assess and mitigate risks in your investment portfolio? 

While you may be able to get away with not informing the county about the change in residency status, most of the legal residence application processes in SC counties to change your assessment ratio from 6% to 4% will require you to disclose if you currently claim this status elsewhere.

I agree that sharing our experiences can be beneficial for investors who have never encountered such a situation before.Being an investor who takes a hands-on approach, I truly understand the initial emotional impact and the importance of providing immediate support to tenants and assessing the property's condition.

If you can show me a bank statement with a million dollars in it, a lender will tend to not assess the loan as being as risky.

What I did was had my mason come and assess the property and give me a bid to fix it.

Perform comprehensive due diligence on possible investment properties, which should include risk assessment, financial document review, and inspection.

It is actually assessed (taxable value) that seems to be the closest indicator to the selling price.

The expedition into these territories, however, mandates a vigilant approach towards risk assessment and a deep-seated understanding of the geopolitical landscapes that may sway trade relationships and market equilibriums.Empowered by Knowledge-Driven Decision MakingNow, more than ever, the essence of informed decision-making cannot be overstated in its role as the bedrock of investment success.

Both can have large capital expenditures in the form of special assessments for a condo or major repairs with a SFH. 

I asked my agent why the Sellers would downplay the property as only 1,895 sq ft and she said it looks like the current owners bought the house with the sunroom install, but could’ve later added the heating/cooling systems BUT, didn’t go to the county to get it permitted/assessed to be added as true sq footage.