Residential Real Estate
Typically, a Folly Beach residence used for vacation rentals will bring in around 70{0e8c7da5d156b6bc33435e3c29366dba0a5bd8299c8cbdf63bde0efe403f69e8} to 80{0e8c7da5d156b6bc33435e3c29366dba0a5bd8299c8cbdf63bde0efe403f69e8} of the general value of the property given that you just put 20{0e8c7da5d156b6bc33435e3c29366dba0a5bd8299c8cbdf63bde0efe403f69e8} down on the property. If the property that you’re purchasing does not already have a good rental historical past, we can normally find comparable properties to get some idea of what you can count on to earn in rental revenue.
However, there are a selection of factors to think about when determining whether or not the rental price the property can command might be value it. Properties which are actually on the seaside will command a higher per-evening value than surrounding real estate. Of course, not all properties adjoining to the ocean are created equal.
Tax write offs: You can write off the bills on any second house/rental funding as much as the amount that you simply make …