Is Myrtle Beach, SC Good For Cashflow or Only Appreciation?

[Jen Menchaca]

I'm doing a little market research to narrow down my options. Currently I am interested in LTR for cashflow. I understand this is difficult lately with interest rates, but I hear Myrtle Beach is a great market for investing. I am curious if anyone has come close to the 1% rule recently or if this market is purely appreciation based. I am also considering STR after I get my feet wet with LTR and figured staying in the same market would beneficial down the line. Any information or advice would be greatly appreciated!

[Myrtle Mike Thompson]

@Jen Menchaca for LTR, Myrtle Beach has become mostly an appreciation play. But I'm very bullish on appreciation in this market. US News & World Report has named us to the top 3 fastest growing areas in the country three years in a row. And you can find some positive cashflow, but the 1% rule just doesn't work here. You can do well here with STR and even mid-term rentals, so if you're looking for a market that would allow you to explore those strategies in the future or diversify your portfolio, this could be it. Feel free to DM me with any questions and I'd be happy to share some additional insight.