All Forum Posts by: Kim Puckett

Hello - I am looking for the Property Management percentage in Columbia SC. I have attempted to contact a few places but have not heard back from them. I am just trying to get an idea of what types of fees I am looking at. Thanks in advance.

Hello - I have a question about this thread...I also have a son at USC and have look extensively at buy and hold properties, just have not pulled the trigger yet... But I do not believe that owning property in SC alone, is enough to get my son residency in SC to qualify for "in state" status through USC. From what I have read, there is a lot that goes into it, (understandably) but I just wanted to make sure that I had it correctly. Owning property in SC alone, is not alone. I believe this must become the student's legal address. 

Absolutely wonderful!! Congratulations on your success and thank you for sharing the pictures and your story.

@Jeff Burdick you are correct and I am sorry, I shouldn't generalize that way. My taxes are crazy high. I'm just feeling crabby and thinking about SC because it's so darn cold here today!!

Oh my Goodness! Thank you so much for all of your help!! I do understand now and it is not as huge of a problem as I thought it was going to be. I am thrilled that I will be able to continue my "Carolina Dream!!" I appreciate all of the input!! 

@John Underwood Thank you John! That makes me feel a little better! I live in Illinois, the land of GIANT taxes!! We pay close to 8K for the home we live in and it is about 280K!! It's outrageous, so taxes are a bit of a sticking point for me, as it is is one of the (many) reasons I want OUT of Illinois!! That was actually what I was considering was buying a house now, using it and renting it out when we aren't. Then when we retire, we could live there, or buy another home. I just wanted to make sure it made sense. When I spoke to the agent and she mentioned the taxes, I freaked a little. So, I thought I would ask on here, as I refer to BP for all of my concerns. The people on here are experts!! I do not understand the "Millage" I am not familiar with that term. What is that?

@Nick Redding so let me see if I am understanding this correctly - On your primary residence, you pay $3,998 approx and on your investment property you pay $8,025?

Ok I understand. My husband and I are looking at buying a house on Lake Murray, but I heard of the higher taxes for second homes. I thought the agent said it was because we lived out of state, but I may have understood her. I am just trying to weigh our options. We know that we want to be on a lake and I love South Carolina and love Lake Murray, so we thought maybe we would buy a second home there....now I'm not so sure.....

I am so sorry to have missed this! Please post when you have another meeting.

Hello - I need some clarification. In the state of South Carolina, I understand that there is a hefty tax on out of state owners for second homes. My question is this: If you are a resident of South Carolina, is there also a large tax on homes/investments outside of your primary residence or is it just if you live out of state and own the property?