Updated over 4 years ago on . Most recent reply
Myrtle Beach condo...near the beach....close to golfing
Investment Info:
Condo buy & hold investment.
2 bedroom//2 bath condo in the Surfside area (just outside of Myrtle Beach proper).
What made you interested in investing in this type of deal?
I travelled to Myrtle multiple times a year to golf with friends. I noticed the increasing number of 'Baby Boomers' retiring and moving to the area from the North (NY, NJ, PA, etc), and thought this would be a good area to invest in property.
How did you find this deal and how did you negotiate it?
I originally bought a condo for ME to use while in MB golfing. I got to know the Builder, and negotiated a great deal on the purchase of a new construction.
How did you finance this deal?
Traditional mortgage.
Lessons learned? Challenges?
I will NEVER buy another condo due to the excessive HOA and Special Assessments.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No, I dealt directly with the builder.