Greetings from Myrtle Beach,
My last few newsletters were chock full of big, meaty articles but this month I'm giving you and me a break and keeping it simple. We're right in the thick of the busiest sales month of the year and it's all I can do to keep up with the closings and showings.
However, I stated in my last newsletter that I would take a look at seasonal vacation rental incomes this month so here is a brief overview. Below are three graphs showing actual gross rental incomes by month for three local area condotels. See my comments below. (Click here to view larger versions of these)
I'll cover these graphs in greater detail in a future report but one thing's obvious - a purchase now with a closing in the next 45 days will maximize your cash flow return for this calendar year. The reason, as you can see, is that a purchase now would allow you to bank the highest income months while avoiding the ownership costs of most of the offseason months.
So...... If you see a property of interest in my Best Buy list, or if you have an interest in any other properties, or if you plan to be in our area in the coming weeks and want to check out some of the current listings, let me know. There will never be a better time to buy than now!
My Best Buy picks this month include oceanfront and ocean view houses as well as condos in
Anderson Ocean Club, Avista, BAREFOOT RESORT - (Arbor Trace, Cypress Bend, Dye Townhomes, Edgewater, Greenbriar, Harbour Cove, The Havens, Willow Bend, Yacht Club Villas), Bay View, Bay Watch, Beach Club, Beach Colony, Blue Water Keyes, Breakers Boutique, Breakers Resort, Camelot, Caravelle Resort, Caribbean Resort, Carolinian Beach Resort, Chelsea House, Pinnacle/Compass Cove, Coral Beach, Cottages at 7th, Crescent Keyes, Crescent Shores, Dunes Village, Grand Atlantic, Grande Shores, Island Vista, KINGSTON PLANTATION - (Brighton, Margate Tower, Royale Palms, South Hampton), Lauderdale Bay, Long Bay Resort, Magnolia Place, Magnolia Pointe, Malibu Pointe, Mar Vista Grande, Market Common, Monterey Bay, North Beach Towers, North Beach Plantation-Spa Villas, Ocean Bay Club, Ocean Blue, Ocean Keyes, Ocean Reef, Oceans One, Paradise Resort, Prince Resort, Roxanne, Sand Dunes Ph III, Sandy Beach, Seaside Inn, Sea Watch, South Wind, Sunrise Pointe, The Horizon, The Pointe, Tilghman Beach & Golf, Tuscany, Vista Del Mar and Windy Hill Dunes.
Come see me at the beach!
