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8 December 2024 | 26 replies
There is much confusion about the 4% and 6% in property taxes.Non owner occupied property is taxed at 6% of the value to get the taxable value.This does NOT mean your actual property tax is 6% of the purchase price for rental property,In reality property taxes are about 2% of the purchase price for rental properties and about 1% of the purchase price for owner occupied properties.Google Greenville County Property Tax estimator and play with it and get a sense of how it works.3.
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5 December 2024 | 20 replies
It raised a question of whether it’s the tenant responsibility or the landlords to continue to replace.
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19 December 2024 | 50 replies
And the one time we did get sued by a tenant the LLC never came into play (slip and fall on ice that the tenant won a nice settlement on from our insurance company, insurance company handled it all).
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5 December 2024 | 6 replies
There’s nothing wrong with playing it safe, starting small, mastering your strategy, and then scaling up—especially when using other people’s money.That said, as others have mentioned, house hacking is a fantastic strategy.
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6 December 2024 | 17 replies
My recommendation is to not only read books, but just continue to educate yourself in anyway possible in network with others who have been doing it for a very long time.
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4 December 2024 | 4 replies
And I wish you all continuous success in the Real Estate business.
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5 December 2024 | 13 replies
Mid term rentals however are another viable strategy for the area should further restrictions come into play.
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6 December 2024 | 45 replies
For illustration purposes, the investor with engineering and/or construction background may excel building in a market where there is ease in doing business and can build efficiently whereas the doctor may have greater success in the established market where significant barriers already exist but can afford the entry price and can ride the waive of continued appreciation and offset their high salary by depreciating the expensive building they acquired.
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4 December 2024 | 16 replies
You may be under or over as the market continues to shift!
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4 December 2024 | 5 replies
Strong property management and careful tenant placement also play a critical role in success here, so I recommend partnering with a turnkey company or an agent who specializes in these areas to make the process smoother.As for rental demand, homes that sit for extended periods are often the result of issues like pricing, condition, or tenant quality—not necessarily a reflection of the market as a whole.