All Forum Posts by: Ray J.

Quote from @Brad Evans:

Should I take a HELOC on my primary residence that I purchased in 2021 to use for down payment on a oceanfront condo in Myrtle Beach SC for a short term rental?

Hey Brad! Congrats on picking Myrtle Beach as a location you would like to invest in. It's a great place to invest in, but in my opinion there are several things you should be aware of and also research before pulling the trigger so that you can be successful!

I own 2 oceanfront condos in Myrtle Beach, and I'm happy to connect with you if you have questions feel free to send me a DM. 

I'm based in New York but invest in Myrtle Beach SC. Happy to connect Lilach!

Welcome Elisa! A good place to start with the STR business is to read Avery Carl's book Short Term Rental Long Term Wealth. The book is a good read, and gives you the entire roadmap for the STR business and how to be successful.

I invest in STRs in Myrtle Beach SC. Happy to connect and talk STRs!

@Steven De Lange - Congrats on your first investment in Myrtle Beach! The updates you made look great.

Are you planning to use this as a LTR or STR?

Would love to keep in touch and connect. Feel free to DM me as I also invest in Myrtle Beach.

@Jeff Ebert That I'm not sure about, but I know a lot of people here on BP have had good success with the site! Btw.... I invest in Myrtle Beach as well so good to meet a fellow investor investing in the area!

@Jeff Ebert Have you tried marketing on sites like furnished finder? You might be able to land some traveling nurses etc during the off season.

@Greg Strunak I have Myrtle Beach condos that I use for STR and Mid term rentals. I have them managed through a great 3rd party management company who does a great job! Feel free to DM me and I'd be happy to share more details.

@Sebastian Bruszewski - What a cool and interesting idea! Feel free to DM me as I live fairly close to the area and would be happy to help where I can.

@Liridon Fetahu - Myrtle Beach is a great area to invest as this is the area I currently invest in. The area attracts many vacationers during the summer months, and if you are able to get some winter renters from Oct - March its a win/win.

Congratulations on your 1st deal! The first one is always the hardest. Good luck on your REI journey!