Boom, you are now a real estate investor.Oh and definitely build a corporate web of at least 5 layers of shell companies before you even begin thinking about buying a property.  

I used this calculator to verify the amounts : https://lex-co.sc.gov/services...information below if from : https://realestatescorecard.co...Real Estate TaxesSouth Carolina taxes on residential real estate can vary quite a bit depending on where you live and if your home is your primary residence, or a second home or rental property.

IF, and should be only IF, the above does not work for you then you can do a debt service coverage ratio loan that will not do any of the above.

But you need to learn all about landlord/tenant laws, how to do basic repairs, know what average labor and material costs are for common projects. learn about payment systems, how to interview property managers, tenants and handyman services, build a team of realtors, contractors, title, hard/private money lenders, inspectors, appraisers and soooo much more. 

The cost of points was $11,880, and the loan service and prorated interest rate fees equaled $6,126.

Anything prior to that day is just added to the cost basis when the property is placed in service (sold or rented).

Hi all,Has anyone leased their units to companies providing services to sober living or elderly care services?

DSCR (Debt Service Coverage Ratio) loans are a popular option for investors because they come with several key benefits that set them apart from traditional loans.

So for these locations, leasing to a car lot is a “tax payer”; no cash flow just enough rent to cover the insurance and property taxes and perhaps a moderate loan service.  

Please reach out if I can be of any service for primary or investment new construction across central Florida.