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Updated over 8 years ago,
Myrtle Beach, SC Opportunity - 4 units of 8-Plex condos
Good morning,
I have a family opportunity to potentially purchase 4 units of an 8 unit condo property. I have 6x SFR investments but no multiple units.
I'm going to have a conversation with the gentlemen later this evening and I would like some expertise on what questions to ask and what information I need:
Maintenance records?
Rental / financial history? How far back?
Management fees?
HOA FEES?
Any one familiar with beach/condo rentals in Surfaide Beach, SC? Are there special short-term / long term rental taxes for these type of properties.
I also will be trying to get sellers financing so any strategies on zero/to low-down options would be greatly appreciated.
PM with any local reccomendations for real estate / prop mgrs in that area that may help me achieve an accurate market value / CMAs.
Thanks so much.
Matt