Answers by Brian Sullivan

Nobody knows what the future will hold. If you can afford to rent your house and buy a new one that is always a good way to build wealth. It is not without difficulties and should be treated as a business.

The patio homes I am familiar with in the Myrtle Beach area have a small patio on the side of the home, under 2000 square feet have, no rear exit and very limited yard space. Many of them are also sold as maintenance free.

First, you have to look at an investment property as a business. If you simply take money from the business and never put any back in with maintenance etc. the business will fail. I work with investors often and buying the right property means many different things in the Myrtle Beach area. We have seasonal rentals, daily rentals, and yearly rentals. We have single family homes, condos, condotels, townhomes etc. Finding the right agent that understands HOA fees, location, and what mortgage companies to use can be tricky. The best advice I can give is, read, read, read.

You get what you pay for.

I use a variety of information to come up with a value for a home. The first thing I look is the county records for previous sales of similar homes in the area. The condition of the homes, upgrades and location will all factor in to the decision making. Ultimately it is up to the homeowner to set the price of their home with good advice from a qualified agent.

In the Myrtle Beach area there are two ways to buy a home without making a down payment. The first is using a qualified V.A. Loan. If you served in the military you may be eligible. The second is to apply for a USDA loan which is available for many homes in our area.

The first step without a question is to get pre-qualified for a mortgage. Once you do that you can seriously begin home shopping.