Exploring options in Myrtle Beach for LTR

[Esther Tama]

I'm at the knowledge acquisition phase. Looking into Myrtle Beach for a potential LTR - purchase price of $250,000-$350,000. My investment goal is for long-term appreciation. I'm seeing that Myrtle Beach is popular for STR, but being based in California, and would like something more passive. Any insight into the different parts of Myrtle Beach, good for LTR and appreciation, would be greatly appreciated. I would also use a property management company. Looking for mostly turn-key.

[Chris Rosenberg]

@Esther Tama Hi Esther. That is a good price point in Myrtle Beach. You probably won't find yourself in a newer subdivision, more likely an older one. Your money will go a bit further in Conway (just inland of Myrtle Beach). I always prefer houses over condos, especially for a LTR. You won't hit the 1% rule but we have experienced a lot of appreciation over the past few years. We are known for STR and used to be very seasonal, many restaurants and attractions used to close in the winter. Now everything stays open and the full time resident population has exploded, especially in Carolina Forest. As far as property managers go, I recommend @Pete Schmidt.