All Forum Posts by: Myrtle Mike Thompson

@Zachary Crosby sending you a direct message

@JC Castillo it seems you might be targeting Columbia, but if you happen to be looking in the Myrtle Beach or Conway markets I'd be happy to help.

@John Kirtley I would strongly consider South Carolina's "Grand Strand" (Myrtle Beach, North Myrtle Beach, Surfside Beach, Garden City Beach, Pawley's Island). Very STR-friendly from a regulation standpoint. Vacation rentals have been an integral cog in the local economy for decades. Lots of options to choose from at various price points, and plenty of demand with over 19 million visitors to the area each year (OBX gets about 5 million). Historically we've had very few direct hits from hurricanes, so insurance is still relatively affordable compared to the Florida beach markets. Awesome little centrally-located airport with cheap flights to many large population centers for those who prefer to fly. There's a lot to like, and in my opinion it's a somewhat low risk market to get your feet wet with short-term rentals. Feel free to reach out if I can help with anything.

@Eli Fazzo I'm an investor-friendly agent for the greater Myrtle Beach and Conway areas.  Not sure which markets you're considering, but if you set your sights on the coast I can help with local lenders, attorneys, tax pros, etc.  I've brokered a number of 1031 transactions and can help with that as well.  Keep in mind the 6% tax rate for second home/investment properties is based on a taxable value and then a local millage rate.  Here in Horry County, you can expect to pay around $3350/year for a property valued at $250,000.  Still much less than you'd pay in many states up north.  As someone else had mentioned, the prospect for appreciation should be a strong consideration.  South Carolina is well-poised for continued growth.  Feel free to reach out if I can help with anything.

@Kevin Hilton not sure which market you're looking at for your next purchase, but I have a lending partner who can do investment deals (including non-warrantable condotels) with just 15% down if it helps.  We've closed on a handful together in the Myrtle Beach / North Myrtle Beach market.  Feel free to shoot me a message and I'd be happy to pass along his contact info.

@Melissa Labanowski Welcome to BiggerPockets!  I'm an investor-friendly Realtor serving Myrtle Beach and the surrounding communities.  Sending you a connection request!

@Tom Dean we have viable options in that price range in the Myrtle Beach market and around Conway (home of Coastal Carolina University).  Feel free to reach out if you'd like to discuss.

@Jeffery Bishop just sent you a message

@Christina Clarkin I don't make it out to Florence much but I'd be happy to connect you with a Florence-based agent from my brokerage.  Feel free to shoot me a message and I'll reply with their contact info.

@Erica Périard Welcome to the BP community! You'll find a wealth of information and resources within these forums. I handle both short and long-term investments in Myrtle Beach and the surrounding areas, including Georgetown. Myrtle Beach and its adjacent beach communities are great options for STR, with much lower price points than places like Folly Beach and Isle of Palms. And when it comes to long-term rentals, we have single-family homes under $300k that will rent for $2000+/month. Good luck on your investment journey, and feel free to reach out if there's anything I can do to help!