All Forum Posts by: Kevin Herget

The reason why a multi is so intriguing to me is that I have a gf and that is it currently. I am interested in a live in flip, year one here we are renting since this move was sprung onto us. After that something that I can rehab, living in and get rental income at the same time is ideal, but I know its not that easy. The mobile home scene interests me, but for those it seems to be all about the deal and talking to park managers and homeowners in person. Plus i do not have a lot of capital to work with currently. It should be interesting . 

Originally posted by @Ceasar Rosas:

Hey Kevin,

I'm actually making a move from NY to Myrtle in September. Bought a condo that's being worked on for me and have a single fam in contract. I just got a contract on something else in Conway last night. In decent neighborhoods it seems as though Long term cashflow just fine. You are right though, not many multis. I actually am just starting an investment group where we will be looking to purchase 5+ in Columbia or Charlotte. In decent proximity to Myrtle beach. 

Originally posted by @Sue Hough:

Kevin,

Welcome!  The Myrtle Beach area is a haven for vacation rentals.  The new “Glamgrounds” are wonderful.  I am working on a project about an hour from Myrtle Beach and we are catering to vacationers and will be offering Tiny Homes, elaborate Tree Houses and some split log cabins.  

In my option, if you start with something more economical and less restrictive to build, such as Tiny Houses and Air Stream campers, I think you can be on to something good.  South Carolina has been very reasonable with their building codes especially sprinkler systems.  They only require sprinklers in permanent structures over a specified square footage.

Good luck to you!

Sue Hough 

Vacation Rentals is something that intrigues me, I just am not sure yet if i should start there. Knowing the rental information before hand might put me at ease. I am definitely someone who can do some of the labor myself when it comes to fixing, and my father can help when he comes down to visit. So I am more so looking for something that I can fix up and then rent out, vacation or long term. I am renting year one in Myrtle since it was a sudden move. But after that I would be interested in a live in rehab and then sell or rent out. 

Should be an interesting adventure. Looking forward to learning more about the area. 

Originally posted by @Caleb Coblentz:

Hey Kevin,

You are right.  There is not a huge market for multi family.  From what I have seen, they are in not so great areas.  I've seen a few that looked nice though.  As far as vacation rentals go, we should be able to get you rental history and income on most properties.  There are several investors that are in mobile homes.  Typically adding value by increasing # of units or fixing them up and increasing rents.  Let me know if there is anything I can do for you.