Myrtle Beach Vacation/short term rental

[Stephanie Caruthers]

 Hello, I plan on being a pro member soon,

everyone that was suppose to go in on a short term rental backed out, my sister, cousin and friend, mostly because they are scared and don't understand numbers, although I am still getting use to analyzing properties myself. My question is What is the best way to find money at least for the down payment when i don't have enough myself and even if the numbers looked amazing on vacation rental, I probably shouldn't go high for my first investment right? For example i was looking at houses in between 200k and 400k and wouldn't want to go into the 500k -600k range right? even if short term rentals are pretty profitbale. I found a few homes but they have gone by so fast Now there are not that many options, I was thinking of investing in a beach house in ocean lakes family campground? Has anyone heard of them or have a property with them currently? I really want to make a move and invest in a vacation rental this year, no excuses so i am tryuing the best i can to be conistent and researching daily. Last question, does anyone know the best area to invest in, in myrtle beach, south end, mid or north end? Specific neighborhoods? whatever. Sorry for the extremely long message, I just feel like im going backwards now that i dont have anyone to go in on a deal with me

[Myrtle Mike Thompson]

Hey Stephanie, I'm a local Myrtle Beach realtor and investor. Oceanfront condos between $125k and $200k have been cash flowing very well. You're better off getting a couple of those. Reach out to me and we can talk more about specific locations, etc. You might be wanting to self-manage (AirBNB, etc), but if not I also have a property manager who is killing it for my investors. She can help you maximize profit. If you prefer a house versus condo, Ocean Lakes is okay. There's no HOA but you pay a lot lease which can range from $6k - $11k per year. I think there are some better options further north.