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Updated over 6 years ago,

User Stats

89
Posts
41
Votes
Lee Haenschen
  • Midland, NC
41
Votes |
89
Posts

Myrtle Beach SC rental

Lee Haenschen
  • Midland, NC
Posted

Me and my wife are interested in buying a beach rental property. This particular modular/trailer is in a community of rentals. The unit is a 2/1.5

$77,500 asking price and stays booked 6-7 months a year solid and do have pre-bookings for off season as of right now. They charge $1250 week during peak season and $750 wk/ during off season. From what I can gather they are bringing in an income of over $30k+ per year before expenses.

What kind of red flags should I look for with a beach rental? I'm aware of HOA cost and renters insurance but haven't figured in and flood/disaster insurance yet. This would be our first investment property.

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