Buying a vacation rental in high tourist area?

1 Reply

Any advice for investing in beach condos in a high tourist area? I live near and work on Hilton Head SC and the tourist season is very heavy from May-August. Really is amazing how many visitors flock to the island for summer vacations. 

What are some pointers or guidelines to follow if I decide to pick up one of these units? 

Thanks 

Gotta know the numbers. Seasonal beach rental businesses look great in the summer, just like ski resorts look good in winter. Make sure you consider all expenses since HOA and management costs tend to be high for oceanfront/beach properties.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you