Small Ocean front or larger offshore condominium!

[Ryan Brooks]

I’m a first time investor and looking to invest in a second home/vacation rental in the Myrtle beach area. Does anybody have experience with beachfront smaller condominium complexes? Are they worth it? Lucrative? What percentage does the complex typically take? 

Is it worth it or should I stay a little more inland where I would have more control and keep a larger portion of my renvenue?

[Tracy Ross]

I just did a second home as an investment AirBnB. You can check it out on my profile. I was running number on it forever and getting stuck in analysis paralysis when I just decided to close my eyes and jump. 

Per my numbers I figured it would break even every month but would be a great long term investment and also something I could enjoy when I wanted to go to the coast. That property is cash flowing anywhere between $500-$2000/month! And that is after I pay property management 22%. PM is worth every penny to me though as they take care of every detail and I just cash checks. 

I'm sure the market in Oregon is different from that in the Carolina's but I have thoroughly enjoyed watching this property get full bookings and grow in popularity. I hope you go for it!