Myrtle Beach sees over 19 million visitors each year, and many travelers are looking for flexible, home-like accommodations. That makes short-term rentals—like condos listed on Airbnb or VRBO—a popular choice for vacationers and investors alike.
Key advantages of condo investing in Myrtle Beach:
Lower entry price than single-family homes
Built-in amenities like pools, gyms, and beachfront access
Established rental demand in neighborhoods like Ocean Drive, Market Common, and Cherry Grove
How to Get Started: Condo Investment 101
Start by identifying a property that allows short-term rentals. Not all condo associations permit Airbnb-type rentals, so check the HOA rules carefully before making an offer.
Once you’ve confirmed that short-term rentals are allowed, you’ll want to:
Research comparable nightly rates and occupancy in your target building
Estimate potential income vs. expenses, including HOA fees, insurance, and maintenance
Talk with a mortgage expert who understands investment property financing (The Team at Beaufort Lending)
Financing Your First Investment Property
Many first-time investors assume they need to pay all cash—but that’s not true. You can often finance a condo with as little as 15–20% down using an investment loan.
Beaufort Lending offers competitive rates (typically 0.5% lower than the national average) and fast closings in just 12–15 days. Their team knows the Myrtle Beach market inside and out.
💬 Want straight answers? Call Benji Gecy and the Beaufort Lending team for expert guidance on vacation rental financing. They’ll help you understand your options, run the numbers, and even pre-approve you quickly so you can act fast in a competitive market.
Before you buy, use our mortgage calculatoror our Instant Rate Quote tool to estimate your payment. If you're considering buying down your interest rate, check out the 2-1 Buydown Calculator to see how much you could save early on.
You can also explore programs like the 1% Down Payment Program, which may apply if you’re house-hacking by living in one unit while renting out the rest.
One Thing to Watch Out For: HOA Rules
While many condo buildings in Myrtle Beach are investor-friendly, some HOAs have restrictions that limit short-term rentals. These may include:
Minimum lease periods (e.g., 30 days)
Caps on the number of rental units
Rules about off-site property management
Tip: Always request and read the HOA documents before going under contract.
Success Starts with a Smart Strategy
You don’t need to be a millionaire to start investing in Myrtle Beach. Many successful investors started with a single well-located condo. The key is to get educated, work with the right lender, and stay focused on long-term gains.
Whether you're buying your first investment property or scaling your short-term rental portfolio, Beaufort Lending is your partner in making it happen.
