Myrtle Beach Condo Investing

[Sean Bayliss]

Good Afternoon Bigger Pockets,

Last year I visited Myrtle Beach, SC and fell in love with the area.  I'm looking to invest into a condo that I can use once or twice a year and rent out by the night.  I'm looking to network with anyone in the area who understands the market.  Currently, I am a seasoned multi family investor with 27 units in my portfolio.  Also, if anyone knows of any good books on how to rent in these types of properties please list.

Thank you for your time!

[Shane Lafleur]

@Sean Bayliss

I just closed on my property in January in North Myrtle Beach.

Condo, 3Bed/2.5Bath, on the beach with Beach View (not beach front). 2 pools, 2 hot tubs and tennis courts.

We are doing full renovation as noted above to stand out from the crowd of grandma’s and grandpa’s old vacation homes.

We are self managing, expecting to hit the market in March.

I ran my numbers using AirDNA and PriceLabs and checking out listings on AirBnB and VRBO.

Rent rolls from most local companies are generally misleading so use them as another metric when building out your analysis.

Hope this helps a little. Reach out if you have any questions.