All Forum Posts by: Andrew R. Lucas

Columbia, SC meet up.  Start the new year off by networking with other real estate investors.  We will make this a monthly midday meeting.  All investors, realtors, landlords, and real estate professionals welcome.  This first event will have a loose agenda and allow us all to get to know each other.  

Feel free to reach out if you have questions. 

@Philip Mullinax I can't be of any help, as I've got no time, but I'd love to see your project.  What part of Columbia is the quad? 

Looks like Lunch time it is.  I'll look at next Tuesday at lunch.  I'll post in the Events section when I have every thing squared away.  

Is there any interest in having a "meet up" in Columbia, SC.  I can't make any of the evening meetings so I'm selfishly asking if anyone would want to get together at lunch time or for breakfast during the week.  I've got the venue downtown Columbia. 

Taking a poll here:  Who's interested?  Breakfast time (7 or 8am).  OR Lunch time (12 or 1pm)  

@Will Gaston @Christopher Bunge, @Chris DeTreville, @Christopher Goldie, @Logan Patterson, @Christopher Tinsley, @Matthew Hipp, @Steven M. Hughes, @Russ Scheider, @Luke Petrozza

@Parker Stiles would you mind sending your property info to me as well?  I'm looking around Columbia. 

@Antwan Phan you should contact @Christopher Bunge

@Christopher Tinsley you should reach out to @Chris DeTreville.  He may be able to locate something in that area.  

@Will Gaston you may be interested in what @Bruce Day has

@Graham Howell

Im an investor in Columbia.  What do you have going on here??

@Dave Toelkes, I figured he was just looking for an easy comparison of what to expect.  There are many other people better qualified to give the full low-down on the tax calculation but here is my best try:

When a owner moves out the assessment goes from 4% to 6%.  That property also loses the School Tax Deduction.  That was a law passed a few years ago that gives owner occupants a deduction on school district operating costs.  So the deduction basically reduces the millage rate.  This is for Richland County.  I don't know about other counties.  Example...

$100,000 taxable value. 

$100,000 x 4% (owner occupied) = $4,000 Assessment

$4,000 x .260 (district millage rate) = $1,020 Tax amount

$4,000 x .130 (district millage discount) = $510 property tax relief

$1,020 Tax amount - $510 property tax relief = $510 Property tax for owner occupant.

$100,000 taxable value

$100,000 x 6% (Non-owner occupied) = $6,000 Assessment

$6,000 x .260 (district millage rate) = $1,530 Tax amount for Non-owner occupied