New to Real Estate · MI · Member since 2020 · 13 posts · 6 votes
Hi all, my name is Misty and I am looking to get started in out of state Real Estate investing and these are the markets that I am interested in: North/South Carolina, Georgia and Florida. If you have any recommendations in these states I would love to hear them. Looking forward to your feedback and to make some lasting connections.
If you have any questions about the Wilmington market, I would be happy to help. Deals right now can be hard to come by as in many places but depending on what you’re for, they are still out there. It can just be very competitive. Good luck with getting started!
@Rachel H. Thank you and very happy to be a part of BP! Fantastic referral. I will certainly connect with @Ali Boone. This is very helpful! Thank you again.
The Kissimmee/Orlando area is great for STR & LTR. The great thing is that there is an option to do either if you were to get a property here. I say that because STR can make a really high return, but at the same time long term rentals are highly demanded in this area. When we put one of our properties out to rent we get dozens of inquiries leaving basically no vacancy. That's even during COVID as well.
@Misty Syts I own and operate a vacation rental in the Charleston SC market and its been fully occupied since late May! Definitely a solid place to look but there are some rules to work with to get a permit and do it correctly. I would recommend working with Dan Rivers at Maven Realty. Very knowledgeable and has rentals himself. DM me if you'd like me to send you his number! Good luck in your search!
@Misty Syts Welcome to BP! If you're looking to invest in out of state properties, definitely connect with @Ali Boone here. She specializes in this area and has written on this topic extensively for the BP blog. I'm sure she'll be happy to answer any questions you have about out of state investing. Hope that helps!
@Misty Syts Those are great areas to be researching. As you start your search, be sure to hire an experienced agent that is knowledgeable in their vacation rental market so they can guide you to areas with rental friendly regulations. My STRs are in Michigan, but I do a lot of work in the Florida markets. The Florida panhandle was recently rated number 1 for best return on investment in a study by Rented, Inc. That being said, there are tons of areas in Florida that are great for vacation rentals. The southeast coast of Georgia; Charleston, Myrtle Beach and Hilton Head in SC; and the Outer banks and Wilmington in NC are all popular vacation rental destinations as well. I would be happy to connect if you'd like an agent referral or want to talk further about those markets or short-term rentals in general!
Be glad to work with you. I am a realtor in South Carolina Grand Strand Myrtle Beach Area. In addition to realtor tools I use PropStream to analyze properties and develop lead lists