Market Changes, STRs In Myrtle Beach SC Market And Finding Deals

[Jonathan Edmund]

Hey BP!

I'm a Realtor in Myrtle Beach SC and surrounding areas. I have started to notice a lot of changes in our market, especially with insurances going up on some of the older STR buildings. There are a lot of people looking to invest in our market and I think it's important that people be very cautious that they understand all expenses before looking at STR properties.

I'm currently starting to analyze different buildings and units within those buildings to start compiling a list of the best areas in our market, as well as buildings to get the best returns, when all expenses are considered. Then I'll start narrowing it down to the specific units themselves and will keep a list for interested investors. I don't feel many agents are doing this in my market and I think it needs to be done, as there are a TON of ocean front and STR condos/condotels in our area and they are not easy to comb through. If any investors are looking to purchase in this area, and want to be added to any email list or anything as I start to compile my list, I'll be glad to spread the word and my findings along the way. There are deals to be had in our market and I think someone really just needs to buckle up and start weeding through the good deals and weed out the bad ones. (This is not me promoting or trying to get business, just running numbers on buildings and providing information to investors who want to learn more about or market and start the process of narrowing down actual areas and buildings.)

If anyone has questions about STRs in my area, reach out anytime as well.

Thanks!!