All Forum Posts by: Andrew R. Lucas

Matt send me your email and I'll forward you someone.  

Mike, I had this happen to us and we didn't catch it.  Came as quite a surprise when we got the bill.  

it will catch up to you sooner or later.  The county will send the tax bill to the lender and presumably it will be at 6%.  Your lender will pay the bill and then send you a bill for the difference.   

2 options: call them to update. Or put the money away and wait for the bill.

@Will Gaston good luck with your search.  I'm meeting with some Commercial brokers in January, so I'll bring your criteria with me.

Welcome @Jody William Knotts!  I'm in Columbia as well.  Been here all my life and investing for 8 years. Great that you have started with BP.  Now just time to get going :)

@Brandon Barnes is right. 1% in this area is too expensive.   You can find a rental that will bring better returns in Columbia or Lexington.   

Your first calculations at $85k is where you should try to start.  

Hey Brandon, I'll pm you my guy's contact info.  He has coverages on my rentals, vacant homes, flips and an umbrella policy. 

I'm sure there are others out there, but I've been happy so far

Looks good @Jonathan Perez.  Let us know when  you pull the trigger :)

Ps.  This is in a good rental market.  Those units stay occupied.

@Jay Hinrichs it is 4% or 6% of your assessed home value.  You would then multiply that by your municipalities millage rate. 

Im a SC resident and All Non Primary homes are taxed at 6% opposed to 4%.  I'm pretty sure that state residency does not matter.

Congrats on the acquisition Jesse.  I'm in Columbia so feel free to reach out with any questions about my area.