All Forum Posts by: Timothy Devitt

Nice Feedback, for STR purchases I would have to pull market rent and use 75% of that to account for vacancy and seasonality. However, providing existing(if any) STR income by the seller via Airbnb, VRBO or Rabbu could help the third party appraiser understand the market and occupancy trends.

Myrtle Beach isn't just a vacation destination — it's quickly becoming one of South Carolina's most attractive DSCR loan markets thanks to strong rental income potential.

🏡 Here’s why DSCR investors are paying attention:

• High Gross Rents Support Low DSCR Ratios: Properties near the beach or in mid-tier resort zones are generating strong monthly income — often enough to meet or exceed DSCR requirements even with today's rates.

• Short-Term and Mid-Term Rentals Boost Income: Investors using 12-month average STR income (where allowed) are seeing stronger loan amounts. Local lenders familiar with vacation markets can often use STR comps or AirDNA to support the file.

• New Construction Adds Inventory for DSCR Plays: New builds in Carolina Forest, Conway, and Little River are creating opportunities for investors to finance with DSCR from day one — especially if they're purchasing with tenants or STR setups in place.

• Out-of-State Demand Keeps the Market Liquid: With many buyers from the Northeast and Midwest, Myrtle Beach properties are trading fast — but well-priced DSCR-eligible deals are still available, especially off the beachfront.

💡 Investor Takeaway: In a market where gross rents can outpace monthly payments, Myrtle Beach offers a rare advantage — you don’t need to over-leverage to make the numbers work. Smart DSCR investors are capitalizing on that edge before inventory tightens further.

Who here has closed a DSCR deal in the Dirty Myrtle lately? Share your experience — STR, mid-term, or long-term?

Charleston continues to be one of the most dynamic real estate markets in the Southeast — and for good reason. Historic charm, economic diversity, and strong tourism have fueled consistent demand, but that growth also comes with nuances investors should watch closely.

🏡 Here’s what stands out right now:

• Strong Short-Term & Mid-Term Rental Demand: With tourism rebounding and business travel climbing, furnished rentals in areas like West Ashley, James Island, and Mount Pleasant are performing well — especially with operators navigating evolving city ordinances.

• Limited Inventory + High Appreciation: Investors are finding deals in outer submarkets like Summerville, North Charleston, and Goose Creek, where prices remain more attainable and rental demand is solid.

• Zoning and Regulation Awareness is Key: Charleston’s growth has prompted tighter regulations on development and rentals. Investors should stay current on local rules, especially in historic districts or areas near the coast.

• Local Economic Strength: The Port of Charleston, Boeing, and a growing tech scene continue to anchor the job market — helping maintain strong tenant demand across asset classes.

💡 Investor Takeaway: Charleston isn’t just a short-term play — it’s a long-term growth market. But success here often depends on granular neighborhood knowledge, understanding local policy, and structuring deals that make sense at today’s pricing.

Anyone navigating deals near the coast or focusing on submarkets outside downtown? Let’s compare notes.

Greenville has evolved from a hidden gem to a full-fledged hotspot for investors — and it’s not just hype. What’s powering the momentum is a blend of smart planning, steady population growth, and a welcoming environment for real estate development.

🏡 Key factors driving investment activity:

• Population + Job Growth: With consistent in-migration and a strong manufacturing, logistics, and healthcare base, Greenville is seeing healthy rental demand across multiple price points.

• Emerging Submarkets: Areas like Fountain Inn, Mauldin, and Greer are gaining traction as entry points for investors priced out of core neighborhoods. These pockets offer value-add opportunities and lower price-per-door metrics.

• Rehab-to-Rental Potential: A lot of older housing stock exists just outside downtown — ideal for BRRRR investors or those using short-term bridge + long-term DSCR strategies.

• Tenant Diversity: From young professionals and families to retirees relocating from out of state, Greenville’s tenant pool continues to widen. That’s helping stabilize occupancy rates, even as inventory grows.

💡 Investor Takeaway: Greenville offers the rare combo of appreciation and cash flow, but it’s also a place where thoughtful strategy — especially around submarket selection and zoning awareness — can make or break a deal.

Anyone here working on deals in the Upstate? Curious to hear what zip codes or exit strategies are working best for you.

Columbia continues to fly under the radar, quietly offering some of the most consistent and investor-friendly fundamentals in South Carolina

It's becoming a strategic play for buy-and-hold investors — especially those using DSCR financing.

🏡 Here’s what’s catching attention:

• Stable Rent Growth: Median rents in the Columbia metro have risen steadily over the past 18 months — not dramatically, but consistently. That predictability is a plus for long-term cash flow planning.

• Infill Construction Opportunities: Submarkets like Northeast Columbia and Lexington are issuing more permits for small-scale residential construction — ideal for investors targeting build-to-rent strategies.

• Student + Government Rental Demand: With the University of South Carolina and a concentration of government jobs, Columbia offers a base of steady tenants in neighborhoods like Rosewood, Shandon, and Forest Acres.

• Landlord-Friendly Environment: Compared to more regulated cities, Columbia’s policies are still relatively favorable to landlords — especially those operating long-term rentals.

💡 Investor Takeaway: Columbia may not be a “flashy” market, but it offers what savvy investors often value most: steady cash flow, growth potential in emerging pockets, and manageable entry costs.

Anyone here currently investing in Columbia or considering it? What submarkets or strategies are you looking at?

Hey @Wendell Godard I'm a direct lender local in the Upstate, SC. Would love to connect. 

 Hey Viacheslav I'm a direct lender, backed by hedge capital. Let's connect