Myrtle Mike Thompson Innovate Real Estate
States: South Carolina
Counties: Horry & Georgetown
Cities and Towns: Myrtle Beach, North Myrtle Beach, Surfside Beach, Murrells Inlet, Garden City Beach, Pawleys Island, Carolina Forest, Conway, Longs, Loris, Little River
Licensed Since: 2021 | SC License # 124910
About Myrtle Mike Thompson
Mike was bitten by the real estate bug in 2015 after stumbling upon the "BiggerPockets" REI podcast and reading "Rich Dad, Poor Dad". Soon after, he purchased his first investment property - a quadplex in Dayton, OH - and set out to help others reap the financial benefits of homeownership.
Mike's business is faith-based, rooted in the principles of hard work, integrity, and top tier communication. He's passionate about real estate as a means to achieve financial freedom and build generational wealth.
When he's not brokering deals and kicking butt for his clients, Mike enjoys spending quality time with wife, Stephanie, and their blended family of 6 kids. They're involved in church, a myriad of sports activities, and of course love spending time at the beach. A native of Fort Wayne, IN and a graduate of Indiana University, Mike also takes great pride in his Hoosier upbringing - Go IU!!
Market Overview
As an investor, and a full-time agent who works primarily with other investors, what I love most about the Myrtle Beach market is that a wide variety of investment strategies can be employed successfully here.
You want to do short-term vacation rentals? Our 60 miles of beach and countless recreational options draw nearly 20 million visitors per year. Want to invest in a traditional single or multifamily buy and hold? We've been ranked one of the fastest growing counties in the nation over the past 5+ years. Want to dip your toes in student housing? Coastal Carolina University is experiencing rapid, record-breaking growth. Mid-term rentals? Sure! All four of our hospital networks employ traveling nurses, and thousands of snowbirds flock to the area for golf and a warmer climate.
Whether your goal is cash flow, appreciation potential, or even just tax benefits, I can help you find and secure the right property at a great price. I also have an extensive network of referral partners to help you at every stage of the purchase process and throughout your ownership... trusted lenders that offer DSCR and portfolio loans, property managers, insurance brokers, attorneys and CPAs, tax professionals, handymen, cleaners, and every type of contractor you can think of. My goal is to make it easy for you to achieve yours.
Investment Price Points
The greater Myrtle Beach area is one of the most affordable coastal markets in the country. Here's what you can get at different price points:
$125-$215k: Efficiency or 1-Bedroom Oceanfront Condo for STR
$200-$310k: 2 or 3-Bedroom Golf Course Condo for STR or MTR
$250-$350k: 3 or 4-Bedroom Single-Family Home for LTR
$300-$450k: 2 or 3-Bedroom Oceanfront Condo for STR
$450-$700k: 2-4 Unit Small Multifamily
$800k-$1.2M: 4-6 Bedroom House (with a pool) Within a Couple Blocks of the Beach
Free Report: Demographic and Housing Data on the Myrtle Beach Market
Would you like free demographic and housing data on the Myrtle Beach market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Myrtle Beach market is right for you! Click here to get your free report.
