Carolina Beach Market

[Matthew Morris]

Hello. I am looking to purchase my 2nd investment property. I have an STR in Wilmington and am thinking of expanding to an oceanfront 1 bedroom condo in Carolina Beach (south end). It's expensive but I can swing it. Just wondering if CB is a bad investment at this time. I'm worried about growth potential. Is the market too saturated? Any advice or insights would be appreciated. Thank you.

[Clayton Silva]

I've seen a number of my investor clients in those areas be wildly successful.  So much so, that I have considered buying in the area (so far I mostly do LTRs in Fayetteville).  But I would say it really comes down to management.  If you are good at self managing and know how to play the Airbnb/VRBO game with all the picture tricks, word gimmicks, amenities stuff and you are actively on their platforms, it seems to still be a viable market for the good investors.  Really hope this helps! (I'll be in Wilmington myself June 21-23 for a bachelor party actually haha)