All Forum Posts by: Jacob D Adamczak

@Kyle Ewanic I also moved from WNY (Elma) to Charleston!  I would be happy to chat and also let you know what meetups are in the area.

@Hilary Harrison Charleston county charges 4% on owner occupied primary residences (your house) and 6% on any non owner occupied structures or second homes. If you rent out your ADU, it would be taxed at the higher 6% rate and your primary residence will be taxed at 4% despite them both being on the same piece of land. Also, it should be fairly easy to determine the square footage by measuring the length and width of the ADU and multiplying them. If they are taxing you at the 6% for 100 additional square footage, I would try to get that adjusted so you don't overpay.

@Brandon Bartley is a great agent in the Charleston area if that's where you end up!

@Patrick Drury I appreciate the suggestion, and do a little in house, but am looking at 60,000 leads. (I would start with outsourcing maybe ~2000) I don't have the time to tackle it all and am willing to outsource even if they aren't as successful as I may be.

We have a large list of real estate leads that we have tried mailing/texting but have gotten no response.  I would like to try cold calling and see the results that yields both on the aforementioned list and on the list we have of targeted, driving for dollars leads.  Anyone have any luck with a reasonably priced, reputable company?  I have reached out to a few online and have had trouble getting a response.

@Steven Vega Whats the address/price?

After news broke about the new Panthers training facility and event venue coming to Rock Hill, my partner and I decided to dig in an investigate the area.  Any locals have some insight, do you expect this development to bring a lot of business to the area? Looking to network with an investor focused agent and any wholesalers in the area.  We are open to buying and want to get some direction on areas to target.

@Brandon Lee Turner Yes, I do know someone locally I can reach out and have had 2 DM's from the commenters above for the WHO I will use.  I just didn't want to spend the extra money again just to be told to take the standard deduction again, if my taxes are that easy I'd just go to turbo tax. But if there is room to work with to save me money and plan for the future id  happily pay someone to help.

@Michael Plaks  I did expect to buy a rental and do expect to buy a few more this coming year, in addition to a flip, and potentially some wholesaling if my marketing efforts are more successful than the amount of deals id take down.  I didn't expect my W2 to double or to take on the additional side work with the realtor.

I appreciate the feedback and think that I will reach out and get a second opinion and make sure that I can game plan for the future.  I'm not opposed to spending money for value (and clearly I'm not up to date on what tax strategies are out there) just felt I paid for no value last year.

@Daniel Hyman I know there isn't an exact answer to this but I'm asking because I hired a CPA last year and didn't get any tax advice.  I asked about deductions (education, home office, donations, etc) and my real estate goals and he said just to take the standard deduction.  This is why I'm asking, was I just to new to real estate and not making enough money to require a more thorough conversation?  Would I be past that point now?  Or is there always some bit of strategy that can be employed and I should reach out to someone else.