Anyone have experience investing in Spartanburg, SC?

New to Real Estate · Greenville, SC · Member since 2022 · 16 posts · 7 votes

My husband and I just closed on a piece of vacant land in the city of Spartanburg, SC and we are going to build a few duplexes. We are originally from OH but now live in Greenville, SC and are wondering if anyone has any experience with the city of Spartanburg, its tenants, crime, etc.

Any experiences to share RE tenant screening, short term rentals, mid-term rentals, property management, or just the location in general? Open to any and all advice!

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Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

for non owner occ / investment properties in SC you want to be sure mindful of prop tax's they can be significantly higher than other markets for the same cash flow and PP.

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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
3y
Quote from @Jenna Meditz:

My husband and I just closed on a piece of vacant land in the city of Spartanburg, SC and we are going to build a few duplexes. We are originally from OH but now live in Greenville, SC and are wondering if anyone has any experience with the city of Spartanburg, its tenants, crime, etc.

Any experiences to share RE tenant screening, short term rentals, mid-term rentals, property management, or just the location in general? Open to any and all advice!

I own rental properties in Spartanburg. I prefer Greenville County.
Taxes seem to be higher in Spartanburg. I haven't had any issues with crime in Greenville or Spartanburg.
A friend remodeled a house in Spartanburg a few months back and the building permit office put him through the ringer with inspections. He is also having a difficult time sellingnthis house. Mainly due to the neighborhood I think.
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Jenna Meditz
OP
New to Real Estate · Greenville, SC · Member since 2022 · 16 posts · 7 votes
3y
Quote from @John Underwood:

Quote from @Jenna Meditz:

My husband and I just closed on a piece of vacant land in the city of Spartanburg, SC and we are going to build a few duplexes. We are originally from OH but now live in Greenville, SC and are wondering if anyone has any experience with the city of Spartanburg, its tenants, crime, etc.

Any experiences to share RE tenant screening, short term rentals, mid-term rentals, property management, or just the location in general? Open to any and all advice!

I own rental properties in Spartanburg. I prefer Greenville County.
Taxes seem to be higher in Spartanburg. I haven't had any issues with crime in Greenville or Spartanburg.
A friend remodeled a house in Spartanburg a few months back and the building permit office put him through the ringer with inspections. He is also having a difficult time sellingnthis house. Mainly due to the neighborhood I think.

John, thanks for the feedback! I noticed the taxes in my due diligence, also.

Have you had any issues finding tenants? What type of rentals do you have (SFH, duplex, townhome, etc.) and in which neighborhood? How many beds and baths, and how much are you able to pull monthly for rent?
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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
3y
Quote from @Jenna Meditz:

Quote from @John Underwood:

Quote from @Jenna Meditz:

My husband and I just closed on a piece of vacant land in the city of Spartanburg, SC and we are going to build a few duplexes. We are originally from OH but now live in Greenville, SC and are wondering if anyone has any experience with the city of Spartanburg, its tenants, crime, etc.

Any experiences to share RE tenant screening, short term rentals, mid-term rentals, property management, or just the location in general? Open to any and all advice!

I own rental properties in Spartanburg. I prefer Greenville County.
Taxes seem to be higher in Spartanburg. I haven't had any issues with crime in Greenville or Spartanburg.
A friend remodeled a house in Spartanburg a few months back and the building permit office put him through the ringer with inspections. He is also having a difficult time sellingnthis house. Mainly due to the neighborhood I think.

John, thanks for the feedback! I noticed the taxes in my due diligence, also.

Have you had any issues finding tenants? What type of rentals do you have (SFH, duplex, townhome, etc.) and in which neighborhood? How many beds and baths, and how much are you able to pull monthly for rent?

SFH's in Spartanburg, Wellford and Inman. mainly 2 bedrooms, over 1k per month.
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
3y
for non owner occ / investment properties in SC you want to be sure mindful of prop tax's they can be significantly higher than other markets for the same cash flow and PP.
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
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