South Carolina

South Carolina is located in the southeastern United States and borders North Carolina to the north, the Atlantic Ocean to the east, and Georgia to the south and west.

South Carolina today has about 5.2 million inhabitants and has had ongoing positive immigration since 1940.

The city of Myrtle Beach is a popular and charming resort town and during the tourist season that lasts from May to October, about 18 million tourists visit the city!

The city is located in Horry County, South Carolina and has a population of approximately 400,000.

The labor market in the district grew by 1.6% in the last year and expected future job growth in the next ten years is estimated to be 40.5%, which is higher than the 33.5% US average.

The unemployment rate currently stands at approximately 3%.

Myrtle-Beach

Our activity in the city focuses on three different avenues:

  • Entrepreneurship and construction – purchase of lots and construction for a new lease
    • Transactions of this type are long transactions that include the construction and leasing of the new properties being built on the land
    • We carry out the entire planning and construction phase including, parceling, Re-Zoning, outline drawing, approvals from the municipality and any other factor
    • The work is carried out with engineers and contractors who are experts in local construction and are intimately familiar with the local regulations.

 

  • Buying apartments for short-term rental – Airbnb in the tourist areas of the city
    • Apartments intended for Airbnb are usually located on the waterfront of Myrtle Beach
    • The properties are managed by a local partner who specializes in managing these types of apartments/properties
    • The management company maintains the property from end to end including cleaning, changing bed linen and preparing it for the next rental
    • Each investor has his own portal where he is able see the property’s condition and forecasted future rent
    • At any stage the investor may visit the property and even have a stay providing advanced coordination with the management company

 

  • Buying apartments/houses for long-term rental
    • This product is intended for investors who wish to purchase a property for long-term rental/investment

 

We accompany our investors through all stages in every type of investment and we take part in entrepreneurial transactions as full partners of our investors.