Recent Buy and Hold Deal in Myrtle Beach

[Myrtle Mike Thompson]

Investment Info:

Condo buy & hold investment in Myrtle Beach.

Purchase price: $110,000

3 bed, 2 bath second floor condo across from a great school and just 15 minutes from the beach

What made you interested in investing in this type of deal?

affordable housing for renters in this area is scarce. this was a simple turnkey purchase that i can self-manage. i already have some equity from appreciation and will be raising the rent next year to keep pace with the market

How did you find this deal and how did you negotiate it?

used private money to make a cash offer. went a little above asking and waived contingencies