All Forum Posts by: Chris DeTreville

Hi Connie, Auben Realty is a full service investment brokerage. Most of our agents are investors themselves.  While we do not currently have a footprint in Myrtle Beach, I believe we would look to expand there given the right opportunity. 

The rates vary throughout the State because of the different millage rates and tax districts, but in Richland County for instance, the taxes essentially triple once it goes from legal resident to non legal residence.  Assuming you are in Greenville county you can use this estimator.

https://www.greenvillecounty.org/appsas400/RealPropertyTaxEs...

Quote from @Jaylon Brown:

Thank you very much for the insight! Im 100% P&T  so I wont have to worry about property taxes as of now (for first property) but what you just exclaimed I am looking to do this will be my first home

 Jaylon,

I happen to have a great duplex listed downtown Columbia that would be a perfect house hack.  Both sides are currently occupied but one tenant is set to move out in September.  Dm me if you're interested. 

Terratec, Mt. Valley Foundation, Ramjack are three fairly reputable foundation companies in Columbia that many real estate agents and investors use for that type of issue.  If the issue is more than they can handle they should be able to point you in the right direction.

I agree with the others that you should finance and only use the HELOC if needed for the down payment. There was a time when to be competitive in this market your best option would have been to pay cash, but with current market conditions I do not think that is necessary. Of course it all depends on the specifics, and I am happy to discuss that with you.

Hey Alex,

I am in Columbia and happy to connect.  We do a small investor/agent happy hour about once a month.  I'll have to get your number and let you know when the next one is!

Quote from @Sidney Garcia:

hello everyone, my original real estate investing plan was to buy several multifamily homes and house hack. but ive heard where i really want to move to, (south carolina) that state is not the best for MFH investing. what are the best type of real estate investing strategies in south carolina? i would be purchasing the property with an FHA loan. and im also looking for solid cashflow + long term holding

I think house hacking is great way to get started, especially here in SC so you can take advantage of the lower tax rate. I'm happy to help guide you if you are interested in Columbia SC or surrounding areas. 

Steve,

My brokerage just stabilized a large portfolio about half of which was section 8.  My team can probably help, feel free to reach out.  

Ken,

I am happy to chat with you anytime.  I will send you a colleague request. 

@Chris Rosenberg It seems almost impossible that our non-owner occupant taxes are that high, but it's true. There are some tricks and ways to reduce that burden though. Also to answer your question, they reassess at the point of sale. So if you buy it for 150k the taxes will then be assessed at that new number. If you rehab you should be fine. So buy it for 100k, rehab it and they assessment will still be 100k even though you added value and it's now worth $190k. Small multi family that you can add value to is the sweet spot in my opinion, but extremely difficult to find. With SFR you will have more opportunities. Happy to discuss further if you want to shoot me a dm.