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?
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.
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