All Forum Posts by: Amar Amar

 @Amar Amar Sea Mist is trash.  Landmark is so-so.  Coral Beach is by far the best of the three.  I helped a client buy a unit there a couple months ago.  If you want to allow the resort to manage the rentals for you, this might be the one location in Myrtle Beach where you actually have a chance at some decent cash flow.  If you want to self-manage (Airbnb/VRBO) or hire a third-party management, Coral Beach will restrict your guests from using most of the onsite amenities (ie. your guests will have a bad experience and give you negative reviews).  Same with Landmark.  If you want to self-manage, send me a DM and I'll point you to a few different buildings to consider.

@Amar Amar Anything in the $100k range is going to be more trouble than what it's worth.  Bad part of town, run down building, drugs and prostitution, squatters.  I'd be happy to give you the lay of the land and some guidance, but you're looking at $150-$200k for a decent property in Myrtle Beach that will cash flow well and not give you a bunch of headaches.

It really depends on your goals and what you want to get from the investment. I love MB, and we bought a beachfront condo there last year. If you want a second home that mostly pays for itself, it does serve that purpose.  If you are looking for cash flow, or cash on cash returns, you can run the numbers to see how it looks (those metrics don't meet my goals but not to say it won't work for you).

There are a few lenders that will lend on those condotels but even fewer that lend on studios. It can be done, and there many locals to the area that will chime in on this thread, as the building and HOA will factor into your decision.

Good luck on your journey!

Hey @Amar Amar, I know an awesome agent in that area if you are interested in having some property evaluated. Let me know and I can shoot you over their contact!