South Carolina City One of the Best for Investing in Airbnb
Passive income is one of those very interesting topics happening a lot lately. Plenty of people are wondering how they can make extra money to add to what they already have. The real estate business is one of those risky businesses that can really pay off. Many people invest in real estate to help make more money. Especially in this economy.
Extra Space says there are about 17 cities in the U.S. best for investing in the Airbnb business. Airbnbs have surely seen a boom since they first came around and people are booking stays over and over. Whether you’re visiting another city in the States or going out of the country, you’re bound to see a nice Airbnb somewhere. The business can be extremely affordable, but in what city? Well, lucky for us, South Carolina made the list as a great place to invest in Airbnb. Myrtle Beach, South Carolina is one of the best U.S. cities for investing in Airbnb. The median home price in the area is a little over $173,000. The area is big for tourism and people looking for short-term rentals. With miles of beaches, great food, shopping, and a college nearby there are so many opportunities for rentals to book a stay at your Airbnb.
As someone who is very big into real estate and investment properties, Myrtle Beach really is a pretty great idea. The city has plenty of events for you to enjoy yourself or for your renters to have a reason to book a stay. The options are endless. Check out the full list here and compare what other cities are on the list.