Is South Carolina a good place for rentals

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Investor · Austin, TX · Member since 2016 · 531 posts · 310 votes
5y

@Elijah Marrero Molina The answer to this question will be different based on how much money you have to put down, and which city you invest in. 

Different cities have different rents. The more cash you have to buy properties the more cash you will have to put down which will reduce your expenses. 

What I recommend instead is that you find a location to invest based on data.

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  • Investor · Austin, TX · Member since 2016 · 531 posts · 310 votes
    5y

    @Elijah Marrero Molina The answer to this question will be different based on how much money you have to put down, and which city you invest in. 

    Different cities have different rents. The more cash you have to buy properties the more cash you will have to put down which will reduce your expenses. 

    What I recommend instead is that you find a location to invest based on data.

  • Flipper/Rehabber · Piedmont, SC · Member since 2018 · 119 posts · 50 votes
    5y

    @Elijah Marrero Molina. Like Antonio said a lot depends on the location. Are you wanting beach rentals, college rentals, sfh, or a list of others. I invest in the upstate sc. I have rentals. They do well. Just make sure u keep an eye on the property taxes. Rentals are 6% and live in properties are 4%. Makes a big difference is ur numbers are close. They have a different way of figuring the taxes. The rental rate is normal twice the normally rate. But knowing that ahead of time the numbers still work. Feel free to reach out if u have any questions. Good luck. 

  • Rental Property Investor · Columbia, SC · Member since 2020 · 302 posts · 186 votes
    5y

    There are definitely markets that are very profitable 

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