North Myrtle Beach Buy and Hold

[Abraham Saldana]

Hi everyone,

Long time lurker, first time poster so here it goes.

I am looking to buy some single family / multifamily properties in North Myrtle Beach, but ive noticed that home prices have been trending down the last 6 months or so. My questions are 3 fold:

1. Does anyone know why there has been this downward trend, and is it likely to continue?
2.  How is the North Myrtle Beach area? Livability wise? 
3.  Any local lenders / investors?

[Alex Franks]

Originally posted by @Abraham Saldana:

Hi everyone,

Long time lurker, first time poster so here it goes.

I am looking to buy some single family / multifamily properties in North Myrtle Beach, but ive noticed that home prices have been trending down the last 6 months or so. My questions are 3 fold:

1. Does anyone know why there has been this downward trend, and is it likely to continue?
2.  How is the North Myrtle Beach area? Livability wise? 
3.  Any local lenders / investors?

@Matt McCourry Might be able to help you out. He is very motivated and active young man who works in that market. I have been very impressed with his understanding of the market. I lived in Myrtle when I left Ny in 93 for 3 years. So I love the beach my self. I am looking more on the Lake aroowhea road area. ( folks hwo live their know the area) Good luck on your search.

PM if I can ever help. I still have some good friend that live down that way.

Alex