would like me to email pictures to you, please let me know. The owner is asking $119,500. Myrtle Beach is a wonderful place to vacation. The genuine niceness of the people here and southern hospitality can't be beat. The Century 21 that I work for has been here 40 years; and has a reputation for a company with agents who have integrity and high ethical standards. If I can be of assistance with local lenders, attorneys, etc. in the area please let me know. Yours Truly, Wanda L. Wilson
You can see my pic if you yahoo...wanda Wilson century 21broadhurst myrtle beach. My email is firstname.lastname@example.org. Thank you.
Leveraging Yourself After Buying Myrtle Beach Real Estate
#1 Turn your Myrtle Beach Real Estate into rental income
Many people purchase vacation property to have a great get-away all year around. Why not rent your property when it is not in use?
When purchasing your vacation home look for quality, income producing properties which will increase your rental income.
By renting out your vacation home you have someone else paying for it! What a deal.
#2 Leverage with a loan
Even if you have the where-with-all to purchase your vacation home outright, this is not a good idea. Property values are on the rise.
You can actually own a more expensive property at a fraction of the initial investment value.
#3 Pay off the mortgage early
This will save you the interest on the loan and that savings will go directly to your bottom line. Even if this is a vacation home, think of it in terms of rental property.
#4 Tax incentive
Since you are renting the property you can take advantage of tax deductions such as depreciation, expenses such as utilities and home owners dues, interest on the mortgage, taxes, etc.
You will want to check with your accountant on the percentage of deductions allowed if you are using the unit for personal use and rental income.
#5 Start an income producing hobby
By purchasing a few great rental properties over a period of time you are increasing your net worth and you will be surprised at the amount of income they can produce.
Repeat the process, pay off the property and your part time job becomes a great source of income for you and your family.
Leveraging your portfolio with rental property takes knowledge and experience. JP Real Estate Experts have the experience to help you make wise decisions!
Just call us. Glad to help you in any way.
Myrtle Beach Condo Sales
JP Real Estate Experts
Myrtle Beach, SC 29577
1) any upcoming assessments 2) HOA fees and what is included 3) Last 3 years rental history and 4) look at the resort's rating on TripAdvisor or another travel site. I limited my search to resorts/hotels that ranked in the top 25 on Tripadvisor. I hope this helps
As you can see we have a number of helpful and informed agents in our area who have great ideas. They have done a fine job of answering your questions in regards to condos.
If you do not mind a long term tenant, have you thought about a single family residence to rent? This may be a good alternative to a condo. There are rental companies who will handle the rental, lawn care and maintenance for you. A lot of people lost their home in the economic downturn so there are many potential renters that need housing in our area. Many times a home with a garage is more preferable than a condo.
These type rentals usually produce a positive cash flow and offer a good potential for appreciation. I have owned rental condos and homes. Either one, if in a good neighborhood and bought at a good price/condition, should be a rewarding experience.
Thanks for your time.
Ashley Harper 843 251-3118
Re/Max Southern Shores
With a condo, if you rent it out by the week you can schedule time for your family to use or a lot of older folks that own, they like to avoid the winter and use for 6 months or some of the owners rent on a monthly bases for 6 months from Oct 1st to the end of March and then the season starts again and rentals are on a weekly bases.
With an annually lease you will not be able to schedule time to use for you or family..
I believe the housing market will fair better with bottom line profit.
I would say most condo's do not have a high profit at the moment because of the on going expenses. There are a couple of complexes that are an exception.
One complex called North Beach Plantation is one complex that is that exception. It has all that an owner or renter would want and the resale's hold in there. It offers both condos and homes and the condos are oceanfront . North Beach Plantation has amazing amenities. There are a couple of other oceanfront complexes that do pretty good as well.
Depending on the method of how you are going to purchase there are stipulations of owership in the United States. I would check with RBC Bank on your options.
Purchasing an Oceanfront condominium has a lot of things you need to consider. What is the rental history, are there any up and coming assessments, what it takes to keep the unit up for a good rental year, how much does the rental company require to rent your investment out and other things to make sure that what you are buying you are not surprised by any unexpected cost.
Feel free to contact me at 843-222-1209 or email@example.com for any further consultation.
Debbie Cherkas w/ Keller Williams Realty
Below is all of my contact information. Please contact me at your earliest convenience. I specialize in investment properties. Thanks !
Weichert Realtors Palmetto Coast