Charlotte, NC · Member since 2016 · 46 posts · 15 votes
I would love to connect with realtors and real estate investors that have experience with certain neighborhoods or neighbor cities near Greenville, SC
I am looking to eventually add a satelling office for my day job in Greenville and have been investigating the area for a few months. It is unclear to me what area is good, what is bad, and what is up and coming.
Shouldn’t be more than a non resident state tax return.
Thanks for the perspective.
I think he’s actually pointing you to the property tax, not income. In SC if it’s not your primary, you’re hit with a property tax bill about 3-4x that as a primary. So when you’re running estimates, you need to be careful on what you’re using as your property tax.
Insurance Agent · Greenville, SC · Member since 2018 · 42 posts · 51 votes
6y
Greenville has a lot of incredibly nice neighborhoods ($750k+ homes) that back up to pretty rough areas ($100k). It’s hard to give you areas to look in because it can literally go street by street or block by block. See Nicholtown or Judson Mill for instance.
Shouldn’t be more than a non resident state tax return.
Thanks for the perspective.
I think he’s actually pointing you to the property tax, not income. In SC if it’s not your primary, you’re hit with a property tax bill about 3-4x that as a primary. So when you’re running estimates, you need to be careful on what you’re using as your property tax.
Shouldn’t be more than a non resident state tax return.
Thanks for the perspective.
As David said, I was referring to property taxes. The rate changes from 4% to 6%, and you don't get tax cuts for the state sales tax, or the school operating fund tax, depending on the county. That indeed translates to about a 3 or 4 fold increase. My personal residence would go from $900/yr to $3600/yr. So be sure to factor that in. Either calculate it on the assessor's site, or call the assessor to get an estimate. And if you get a great deal on a property in need or rehab, they will periodically re-assess. It's based on your purchase price or the last reassessment, whichever is most recent.
Investor · SC · Member since 2016 · 89 posts · 35 votes
5y
@Arn Cenedella we are exploring a similar move from San Diego. We love the varied property types and ability to be suburban but in town in 10 minutes. I spent 15 hours walking and driving neighborhoods last time we were out there and am confounded by the botany woods / Pelham road area. More specifically, the neighborhoods seemed nice, but the shops and surrounding commercial districts seemed misaligned (dollar stores, check cashing, etc.). Might you have any thoughts on Botany and the surrounding area?
Botany Woods and Pelham are solid areas. This area overall would be known as the Eastside - excellent schools, solid middle neighborhood.
One thing to note, South Carolina is overall a lower income area than coastal CA. So I believe one’s filter needs to be adjusted somewhat when evaluating things.
I would encourage you to look closer to downtown Greenville.
Downtown is what makes Greenville special.
We live in North Main and are about a mile from downtown and love it.
We walk downtown for the music, festivals and dining and the river, Falls Park, and the waterfall. Let’s just say it is Shangri’la.
The are several fabulous neighborhoods near downtown Greenville.
Figure you will pay $225 to $250/sf for something near downtown.
Investor · SC · Member since 2016 · 89 posts · 35 votes
5y
@Arn Cenedella thank you for the note. I have spent a decent amount of time in Greenville and love downtown. My folks are looking in North Main, actually. We are probably more interested in being south of downtown in Augusta road or Chanticleer. My confusion with botany woods / east side is whether or not the people in the expensive homes shop and spend their time nearby or in town. It seems like the commercial districts out there do not align with the income of the neighborhoods. Maybe I am missing something though?
Your family is on the right track in looking for a place to live. Either N Main or Augusta Road are both great. We chose N Main as it is more “eclectic” less manicured than Augusta Rd.
The East Side is not as connected to downtown. Their world would be more Woodruff Road. The Eastside is suburban. Downtown is not an every day experience for those who live on the Eastside.
You will get more house for the money on the Eastside. You will have to weigh the trade offs for yourself.
When Laura and I moved to Greenville, we drew two circles to provide our geographic range. One was one mile from the Hyatt downtown which is basically the north end of downtown. The other was one mile from either Falls Park or Flour Field which is the south end of downtown.
We live 8/10ths of a mile from the Hyatt and about 1.7 miles from Falls Park.
We have 15 minutes to a proper walk to get to downtown which is about a mile. Even out two miles, you are now talking 30 minute walk which often proves just to be too much.
Just depends on what you want.
Happy to meet for a beer or cocktail next time you or your parents are in town.
Rental Property Investor · Anderson, SC · Member since 2020 · 38 posts · 12 votes
5y
Those of you who invest in Greenville, how do you find you’re deals? Off market or networking. Reason I ask is because I Haven’t had much luck finding them using online portals (Zillow, Redfin, etc).
I’m currently driving for dollars and have been for some time now but no luck yet. Haven’t given up though and won’t plan to anytime soon.
@John Underwood When you purchase via tax sales. Do you run title search? How quick do you get that and close on a deal?
Would love to connect if you can! Thank you!
No title search. A tax deed is a 1st position lien so it wipes out most other liens and mortgages. SC is one of the top states in the country to buy tax liens. I just went to Spartanburg County's tax sale 2 days ago.
@John Underwood When you purchase via tax sales. Do you run title search? How quick do you get that and close on a deal?
Would love to connect if you can! Thank you!
No title search. A tax deed is a 1st position lien so it wipes out most other liens and mortgages. SC is one of the top states in the country to buy tax liens. I just went to Spartanburg County's tax sale 2 days ago.
I have not heard this before. What makes SC a "top state". Process? Inventory?
@John Underwood When you purchase via tax sales. Do you run title search? How quick do you get that and close on a deal?
Would love to connect if you can! Thank you!
No title search. A tax deed is a 1st position lien so it wipes out most other liens and mortgages. SC is one of the top states in the country to buy tax liens. I just went to Spartanburg County's tax sale 2 days ago.
I have not heard this before. What makes SC a "top state". Process? Inventory?
Simple process. Short redemption period, no foreclosure action or additional paperwork to fill out. You just check your mailbox for a redemption check with interest or a deed.
One of these will show up in your mailbox. How is that for easy?
Real Estate Broker · Charlotte, NC · Member since 2020 · 27 posts · 3 votes
5y
@John Underwood I was just reading your replies and was wondering do you actually have to be at the tax sale or is there a way to do this online? Never dealt with tax liens before. Actually in Greenville right now trying to scope out the different areas to invest.