About this episode
Stacey St. John is a true savant in the world of Myrtle Beach condo investing. Not only does she play a big game in the real estate world, but she additionally operates an amazing community for Female Real Estate Investors. She currently owns over a dozen beachfront properties in the area, specifically focusing on condos.
Avery speaks with Stacey about her business operations and why she picked short-herm rentals over long-term. They also discuss the benefits of smaller units, rather than always opting for larger multi-family homes. In addition, they discuss why she picked the Myrtle Beach market specifically and the specific benefits it has over other territories. Stacey speaks about the idiosyncrasies of renting condos, and how to manage the larger down payments that come with them.
Key Topics
- Why Stacey picked STR
- Why bigger is not necessarily better
- Why she picked Myrtle Beach over Dustin
- Importance of building assessments
- Elephants in the room when it comes to financing
- Dealing with non-warrantable condos
- Managing larger down payments
- How to take everything as a learning opportunity
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