All Forum Posts by: Sean Brunson

Targeting something in the $300k range, which probably gets us a condo. Interested in thoughts on an ocean front condo in that range. Experience with performance, buildings to be in or stay away from, good and bad of HOA, etc…

Looking forward to the discussion!

Sean

Hey Sean,

I am a Realtor in North Myrtle Beach. I am originally from the area and also own a mortgage company locally. I also have investment properties and watch our STR market carefully. 300k can definitely get you a condo in the area. I highly recommend the north end like you've suggested in your original post. I'd love to connect with you and talk more about our market and could help you start analyzing properties. Reach out anytime.

Thanks!

@Jonathan Edmund thanks for reaching out. Be in touch.

0 Votes

Myrtle Beach, South Carolina

Quote from @Shane Lafleur:

@Sean Brunson hit me up as well with any questions. I had a 3BR/3Ba condo in the Tilghman Beach and Racquet Club in North Myrtle Beach. We actually just exited the property last month after holding for over a year.

When looking, definitely know what condos are Condotels and no-condotels. Also look at the HOA financials and determine if they are maintaining the property appropriately, which leads to the statement of ask for any special assessments in the past and if some are expected in the future.

I still love the area and we are still looking for our next opportunity in that market.

@Shane Lafleur great points for HOA research. Do you find they'll give up that info without an offer on a property, or is that something only done during due diligence?

Definitely seeing emphasis on condo/condotel distinction; usually in reference to financing but probably important for other reasons too.

Good luck on your next property!

0 Votes

Myrtle Beach, South Carolina

Thanks @Luke Carl and @Michael Baum! STR bootcamped it with you all in the spring; ready to get into it. Didn't know @Avery Carl and STS has a presence in Myrtle Beach too.

@Brooklyn McCarty did you get into a condo or house in Myrtle Beach? How do you like the market?

@Sarah Kensinger Thanks for sharing the advice. There's a lot of condo competition in the Myrtle Beach area, so ocean front w/ direct view seems like a way to narrow it down. Regarding non-warrantable condos, I'm generally familiar, @Michael Baum has mentioned it before, but I need to dig in more. Do you know of a good resource to find which buildings are non-warrantable?

1 Vote

Myrtle Beach, South Carolina

Hi BP community!

I'd like to invest in an STR in the Myrtle Beach area.

Would like to connect with investors and agents in the area.

Seems to check out as a strong vacation rental market. I like northern Myrtle Beach or North Myrtle Beach most.

Looking forward to the discussion!

Sean

0 Votes

Myrtle Beach, South Carolina

All Forum Posts by: Sean Brunson

Sean Brunson has started 1 posts and replied 4 times.

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