All Forum Posts by: Ron Williams

@Jeffrey DaSilva & @Randi Busse our next REIA meeting can be found here:

https://www.meetup.com/hilton-head-real-estate-investment-group/events/277999856

Thanks!

About this Event

In this meeting we will discuss:
- House hacking strategies and ideas
- How to find a house hack
- Financing options for a house hack
- Advantages and disadvantages to this strategy

Schedule:

6:30pm | Local Market Update

7:00pm | House Hacking for Real Estate Investors

7:45pm | Wrap-up

Sponsors:

A special thank you to our sponsors for this event!

EXIT Realty Hilton Head | Hilton Head Distillery


Connect With Us

Join Our FREE Facebook Group

Join Our Meetup Community

www.hiltonheadrei.com

Core Purpose

Real Estate Investment Association that focuses on developing new investors, keeping seasoned investors informed, and providing opportunities to expand your network and showcase your deals.

Yes we did have our first event.  We will continue to have events the 2nd Wednesday of each month.  The web site is www.hiltonheadrei.com  Let me know if you have any other questions.

Ron

Celebrate with us as we launch Hilton Head Island's REIA Group! Guest speaker, Melissa Shea, breaks down her tips and tricks of the trade.

About this Event

Schedule:

6pm | Group Vision

6:15pm | The Local Market & Guest Speaker

6:45pm | Wrap-up

Guest Speaker:

President of the Long Island Real Estate Investor Association (LIREIA) since November of 2007, Melissa J. Shea, has been a successful small business owner since 1996 and real estate investor since 2004.

Melissa is active in the real estate educational world outside of the LIREIA as well, hosting educational seminars on how to structure and finance deals and rehabbing distressed properties as well as financial education for both adults and children. As the lead instructor of Mentoring Masterminds, her goal is to motivate individuals to attain financial freedom through real estate investing. She is a licensed NY Real Estate Broker and has experience in negotiating short sales and working with homeowners facing foreclosure and assisting homeowners to stay in their homes.

Melissa's Website HERE

Sponsors:

A special thank you to our sponsors for this event!

EXIT Realty Hilton Head | Hilton Head Distillery

Core Purpose

Real Estate Investment Association that focuses on developing new investors, keeping seasoned investors informed, and providing opportunities to expand your network and showcase your deals.

Join Our FREE Facebook Group

@Todd Goedeke

You have 2 different users for the extra weeks. There are families and extended families willing to spend a week here in September, October, March, April, and May. May-September will always fill. 

Golfers come October, the first half of November, most of Feb, March, and April.

The other factor is larger short term rentals are becoming tougher to find. More people are staying here as opposed to renting their units. 

Terri I think Daufuskie is a great value.  You can get a lot of home very close to the water there at a great price. 

Many families are traveling together and spending more to stay in their “Bubble”. I think this may become more of the norm going forward. 

Todd:

The larger STR is seeing even better results. The key is a private pool is needed. Larger STR's with private pools are not only seeing the highest sale price increase, but they are also seeing larger rental increase. They are getting more rent for longer periods of time. 4-5 bed single family homes should generate rental income close to 40 weeks a year now. By the way I'm from Janesville, WI. Nice to see another Wisconsinite following the HHI market.

Our office has a condo listed in Orangeburg, SC that is listed for $55,000 and has a long term tenant paying $850 per month.  If you are looking for an investment in this area, this is a great opportuniyt.  Get a hold of me for more information.

Here is a graphic to show what real estate has done on Hilton Head Island this past year. I have included most of the areas where short term rentals happen. This trend seems to be continuing into 2021. One interesting thing that seems to be happening is there are more purchases being made by owners who are pulling their units out of the short term rental market. The effect this is going to have on visitors coming to Hilton Head is something I will be watching. Currently STR's are seeing a 10-15% increase in rental rates for the summer of 2021.

  The long term rental market is seeing similar results only I would say the increase in rental amounts is even higher in some areas than 15%.  

Hilton Head was also a top 10 market in the United States for flips in 2020.  

This market is still a great area to invest.  The entry point is higher than it has been in the past 10 years, but there is still some solid upside and the investment numbers do work.  If you are looking to own a property here in the Low Country, now is the time to get in.  

@Mason DeJarnett the way it works in South Carolina is there is a lower property tax rate if it is your primary home.  If it is a secondary home or rental property, there is a higher property tax rate.  It does not matter if you live in state or out of state.  More than likely most of the properties you are looking at are already at the higher tax rate.  The real estate taxes are still much lower than other areas of the country.  Just make sure your realtor gets the correct tax information for you.