REA and Lender in Hilton Head Island?

[James Baker]

Hello Fello Investors,

I’m looking to buy a condo in Hilton Head Island within Sea Pines, Forest Beach, or Palmetto Dunes.

I will be traveling down to the Island this May from Pittsburgh and I am looking for a REA to help with my search.

If any of you would happen to have a good recommendation for me I would LOVE to hear it.

I’m looking to rent out the condo/condos on a weekly basis, so if the agent/lender is good with investors that would be a plus.

Much appreciated!

James

[Gillian Mealer]

I too am an agent here on the Island -there are many of us! Start by figuring out ahead of time what are your roi expections, how involved you want to be in the business and all the rest of that fun stuff, it will really help you make an informed decision on areas. What is your endgame - is this a starting point for buying multiple units or are you simply looking to buy and have renters cover your costs so that your vacations are free? If you are looking to buy and hold depending on your budget are you open to single family too? Make sure you understand all of the regime fees, weekly turn over costs etc... There are condos here that look like money machines, until you take into account all of the weekly costs and the contingency fund for tenant property damage. I am by no means trying to deter you, just suggesting you do a lot of homework. I just closed on a deal where the client thought they wanted STR on the Island and after doing a lot of homework we found a small single family in Bluffton that they lined a renter up for before closing. They will net more and have less stress which was what was right for them. As I said there are many agents here, we all recommend ourselves lol! Find the person that understands your end goals and is capable of helping you achieve them. If you wish to chat more feel free to message me, best of luck!