I think purchasing a property down at the beach would be a great investment for you. Before you purchase there are many factors that may come into play that you should be made aware of. Oceanfront properties rent very well but there are also major costs that come along with owning this type of property. Most of the on site companies take 50% of your rental income some maybe a little less and the monthly hoa fees are quite high and that is for a number of reasons such as insurance and amenities that are available on site. By no means am I trying to discourage you from this type of property being one of your options. There are many great deals out there in all locations but I would suggest you obtain as much information as you can and take a trip down to the beach to look around and see what may be best suitable for you. If you have any questions,please feel free to contact us at anytime. We look forward to hearing from you.
The Myrtle Beach Real Estate Team