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☹️ P R O M O S M

Luv you guys and the content you bring to your channel. Always insightful. Thank you.

Great information!

PЯӨMӨƧM 😱

Great information

I have property for sale on the beach. I've received 2 cash offers but I didn't accept the offers. I was ready to remove my property from the market until my realtor said several buyers are interested in the property but buyers can't get in to see the property because the hotel is sold out. So property sales on the beach may have slowed because buyers can't get in to see the property.

I think your both forgetting the part where everything there is in a flood zone there. Buyers that were interested a year ago have studied the areas. They allow builders to build in wetlands.

Your channel is helping me with my investing decisions when it comes purchasing an oceanfront Condo in North Myrtle Beach. Thank you.

I’m going to wait to buy water front condo unit for investment until BUYER ‘ S market’s.

Great video! I have been in conversations lately with agents talking about the shift in our market but it helps to have the data to validate our thoughts!

This is the video. th-cam.com/video/HSC4xILV_E8/w-d-xo.html

Hi guys, thanks for posting a video (it's been a while). Yeah, this is going to be different than 2008. Unlike anything we have ever experienced. Stocks are down, Bitcoin is spiraling. Mortgage rates are skyrocketing. Gas prices. We are at War with Russia. I appreciate your transparency and expertise.

I just need a place I can Airbnb

Buying a condominium is not my problem it's the HOA fees that are the Killer

So, as a potential buyer/investor are you saying it is not profitable to put 30% down on an oceanfront property with the hotel managing the condo? I live a few hours away and wouldn’t be able to manage it myself. Can you suggest or make a video about the general top cash flow type properties to invest in?

Thank u

Red Flags everywhere in the housing markets. Wait for a good deal in Myrtle beach and be patient

Just got home from there. We were looking at what is for sale. Condos, houses, new construction. That whole area is built on a wetland. It's gonna be a catastrophe when a hurricane hits. I have never in my life seen such terrible cheap construction. All those new $600K and up houses are poured foundations with stick built on top. All it needs is 1 good hurricane those houses will float away. It should be mandatory to only build homes that are completely poured concrete. Terrible! Destroying the ecosystem. And the traffic??? WTF.... Has anyone there ever heard of an "Environmental Inpact Statement ".... the roads there do NOT SUPPORT the amount of traffic there. Dirty politicians get paid off by crooked builders. Disturbing on every level. People really need to educate themselves before making the worst decision of their life.

I respectfully disagree. This is the beginning of the housing crash. Zillow will no longer purchase properties. Major red flag. Big investors are now on the sidelines. Prices are declining and inventory starting to rise. I dont believe now is the time to buy in Myrtle beach. Investors will eventually put their houses and condos on the market causing more inventory. This is just the beginning and it will get worse

How often do the buildings need to be inspected for structural integrity?

Guys.... Banks aren't loaning as much and criteria was raised to be made alot harder to get a loan. Why would banks loan at the top of the market. MAJOR red flag.

I really want to Thank both of you for your transparency and honest review of what the Myrtle beach market is doing. There is not another realtor in that area that does any videos. Hopefully this market will become more normal.

Your the only ones on here that actually talk about real data. Thank you

Is it worth paying double for a house or condo just because you got a mortgage rate of 2.8 percent. For me my answer is NO. My friends recently bought a place in Little River and they got a 2.5 percent mortgage but the bank made them put a 50 percent down payment because the condo didn't appraise. This market is gonna POP! Once the mortgage forbearance really end and the rent moratorium ends.... there are gonna be alot of foreclosures. Also alot of new buyers that bought in Horry County dont realize the flooding situation. Places were sold sight unseen without an inspection. Some places in Horry County flood that aren't even in a flood zone. Its gonna be a mess.... but I think its gonna be 2023 that interest rates will go up.

Have a home in Market Common going to be listed on Friday...I do have an agent, hoping the trend maintains with the low supply in the area.

Thank you! I'm about to be a new agent in SC and every guru and media person has been bashing purchasing now. I think interest rates like we're having is still much better than waiting for a possible 20% price drop and a 1% increase.

We just went on an exploratory trip to Myrtle beach, for investment. we concluded that we should look elsewhere. The prices are VERY tempting ($ 95000 for Ocean front ! Where else can you find this?) but it come with expensive strings attached. You are not buying a condo but rather a CONDOTEL; the difference has something to do with the property you buy being actually a commercial property, because it has a check in desk, and various amenities. Skipping over many tedious details, the result for the buyer is that he has to pay expensive HOA dues each month (between $500 and $1000 ,) but wait, I'm not finished : If you rent your place ,and use the friendly Real Estate office right there in the building, you have to pay them about 40% of rent received, (I bet you were impressed by how high the rents were, weren'tcha. Well, sorry, but it is 40% right off the top,) They'll tell you that YES you can use AirBnB or VRBO , but if you do, you'll lose the use of many amenities, plus you'll be responsible for cleaning, linen changing, and maintenance... Now, let's get to the buying part; I have read that 90% of people applying for a mortgage get turned down, and if you are among the "lucky" 10%, you do not own any part of the building other than your apartment ,all that is handily being explained by the fact that you really own a commercial property, (again I'll spare you the legalese.) Also, worth mentioning is that, to the best of my knowledge, you wont be able to to get a solid 30 years fixed mortgage, but rather you'll get a high interest rate, ADJUSTABLE MORTGAGE (when we hear that phrase is the point when we run like hell.) So, the best way you can buy that ocean front condotel is to come up with the cash. You probably came to that conclusion on you own, but I'll mention any way : If it is hard to buy, it is also going to be a B - - - to resell, just sayin'. This info is fresh (at least in my mind) we returned from MB yesterday. I am not any sort of real estate, or tax or property management expert but this is what I understood; I might have made mistakes and I'll be happy to retract them if proven wrong, but The best advice I can give is : Don't get blinded by the shiny things and DO YOUR DUE DILIGENCE

If its investment, simple answer is no.

good advice, particularly mentioning looking into reserves and upcoming assessments.

Horry County Council chose Money over the lives of its citizens

County Council couldn’t find their way out of a paper bag. Now no Masks. The Governor took no responsibility for making meaningful decisions to keep the people safe. He passed on making a decision on masks and said the municipalities can decide. His mantra was Social Distancing. Numbers for S.C. just this past week=784,921,686,666,539,722 & 810 for positive testing. Horry County 436. Deaths for this past week for Horry County total 260. Many sports team in Horry County public school have just tested positive. Illiteracy rate is 31% here & health care is sub standard.

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