Carolina Beach Market
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.
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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)