Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Myrtle Beach SC rental
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.