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RE: Real Estate: What you get for 200k
Was just in Charleston last weekend visiting a friend. He wants to do rental propertied in Columbia. I've started poking around the area as my local market, South Florida is too expensive to find good cap rates anymore.
Columbia is an excellent market for that. Housing here is so affordable and being a capital city we have a lot of consistency in the market. Columbia doesn't see huge ups and downs but the gradual price increase and if you have a house to rent your phone will keep ringing.
We have state government, military base, university, lots of hospitals and health care. These are all steady work environments and the winter weather isn't too bad either.
The one thing you must know is if you buy a house as a secondary resident (not your primary) then taxes are 3x the amount. That would probably equate to around 2,700 for a 100k property.
http://www.ColumbiaSC-Houses.com