All Forum Posts by: Will Gissendanner

I agree that is sounds more like it, but the realtor has also confirmed $1496, that’s why I’m trying to find the difference between the gross and net tax on the county’s’s website. I would imagine the net would be what would be paid on the property. If so, the $1496 is correct. 

@James Killinger I’ve found a few that will cash flow not many my goal is buy and hold. When I look at the taxes on the county website the gross tax is $3524.52, however, the net tax is is $1496

That’s a good though on using these interest rates to my advantage. When I looked at the taxes on the county website, can someone clarify the difference between the “gross tax” and the “net tax” at the bottom of the calculations?

For this property I am able to use cash, and the taxes will be those numbers, I have done the research on that. This will be a long term, buy and hold property. My thoughts with it are to go ahead and start investing, on a safe property, and begin to gain the experience, in my mind the experience on the first property is worth more than the extra $200 in cash flow I would receive, that's just where my mind is at.

https://www.biggerpockets.com/...

Hey everyone, I am looking to buy my first rental property, I have found a property and have run some rough numbers on it and it seems to be a sound investment. However, with this being my first deal, I wanted to get some opinions and advice on the property. It is located in North Charleston, SC. It is a single family, 3bed/1bath, 1,000 sq. ft. home in a quite neighborhood with other single-family homes. The property has recently been remodeled and updated with brand new cabinets, stainless appliances, and upgraded quartz counters with 3/4'' oak floors throughout! There is a fenced in yard, with a deck and storage shed out back. The asking price is $225,000, however, my realtor thinks we can get the property for $210,000. I think it will rent in the ballpark of $1,500/month, maybe more. Property taxes are $1,496 a year. From what I can tell it is a safe, low risk first investment property that is turn key and ready to move renters in. There are not many homes fro sale in the Charleston area for this price point, and those that are, are typically located in rougher neighborhoods. Please give me some feedback and give me your opinions on this! Thanks guys!