Myrtle Beach Investments

[Rhonda Crockett]

Hello All!!

I am new to BP!  I purchased a condo in Myrtle last year as A second home.  Im now thinking about purchasing a second one as an investment property since I have a 1st home in MD.  The condo location is excellent and I was able to rent to friends/family all summer.  Being new to This, I wondering if purchasing another which would be as an investment is beneficial(e.g., taxes, rental income, cash flow.....).  Any advice /direction would be helpful.  I am a teacher and enjoy investing and hope to be a able to suppplement my teacher pension in retirement in 3 years.

Thanks!!!

[Avery Carl]

I may be missing something, but why can't you rent your existing second home on VRBO or Airbnb when you aren't using it? As long as you occupy it 18 days a year it's totally legal to rent it on Airbnb and VRBO as long as you don't sign it over to a company. Might be beneficial to try that out first before purchasing a separate property.