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Updated over 2 years ago, 04/26/2022
Second/STR home in Myrtle Beach
Hey all!
Wondering if we have any investors in Myrtle Beach SC on here that can shed some light on how the market for STRs are in that area? I am located in Raleigh NC and looking to buy a second home but also use it as a STR. Also would love to get connected with like minded agents in the area since I can't seem to find any on this site for Myrtle.
Thanks!
@Jose Ortega I'm your guy. I live and invest in Myrtle Beach and help out-of-town investors with their purchases. I'll send you a private message.
- Myrtle Mike Thompson
I invest in Myrtle Beach and run a STR property management company in the area. I can recommend a great Realtor to help with local market knowledge and finding deals.
Hi @Jose Ortega
I live in Surfside Beach/Myrtle beach. I have 2 ocean front STR's and am an Agent here specializing in helping investors. Let me know if you have any questions or want to connect. I'd be happy to share my experience with you.
Hey! I just purchased an Ocean View Condo in North Myrtle Beach using the Second Home Loan. My wife and I plan on self running STR. We are currently under renovations to set ourselves above the market. New LVP floors, Tiles in the bathrooms, Tile Showers, new cabinets, countertops, backsplash, kitchen appliances, new paint of the whole unit and then all new refurnishing's of the place. Happy to share more information and connect. I cohost a local meetup in Raleigh called Pints & Properties so keep an eye out for that and would be awesome to see you there as well, as other STR investors are there to share their experiences as well.
Good for you @Shane Lafleur! Keep it up.
Quote from @Shane Lafleur:
Hey! I just purchased an Ocean View Condo in North Myrtle Beach using the Second Home Loan. My wife and I plan on self running STR. We are currently under renovations to set ourselves above the market. New LVP floors, Tiles in the bathrooms, Tile Showers, new cabinets, countertops, backsplash, kitchen appliances, new paint of the whole unit and then all new refurnishing's of the place. Happy to share more information and connect. I cohost a local meetup in Raleigh called Pints & Properties so keep an eye out for that and would be awesome to see you there as well, as other STR investors are there to share their experiences as well.
Hey what's up Shane! I actually did attend a meet up two months ago that you hosted in Clouds. Wasn't able to make last month's meet up but hoping to make this months! Would love to hear how that condo turns out for you man. Still trying to decide what I should do since it seems hard to find an ocean view (or front) condo that lenders are giving second home loans on in myrtle. With that and looking to purchase a STR in Raleigh too it's got me all over the place.
Quote from @Shane Lafleur:
Hey! I just purchased an Ocean View Condo in North Myrtle Beach using the Second Home Loan. My wife and I plan on self running STR. We are currently under renovations to set ourselves above the market. New LVP floors, Tiles in the bathrooms, Tile Showers, new cabinets, countertops, backsplash, kitchen appliances, new paint of the whole unit and then all new refurnishing's of the place. Happy to share more information and connect. I cohost a local meetup in Raleigh called Pints & Properties so keep an eye out for that and would be awesome to see you there as well, as other STR investors are there to share their experiences as well.
Shane, my brother and I are looking to get into the STR game in the Myrtle Beach area. Would love to pick your brain about it if you're willing to share.
@Jose Ortega. We got the property listed at the beginning of the month and it has been going very well so far. The summer is basically all booked up and the projects are close to my numbers I ran. I think there is some optimization that I could do to get a little better of a return, but we are happy with the current progress.
@Eddie Veiga yeah, I'm pretty much an open book so send me a message and lets chat about it.