Keith,
Investing in the MS Gulf Coast is a wise decision.

Pros: Rental market is up.
Military transfers at Keesler AFB (Biloxi) and Seebee Base (Gulfport) also FEMA trailers are being
evacuated and they need a place to live.
Buyers Market!!
Real Estate is a wise decision.

Cons: Cost of Insurance, just be careful of where you purchase.

Think about investing in a property with tenants already in place with at least a one year lease.

I am a life long resident of Biloxi, MS and very aware of the current market conditions. I receive a minimum of 10 rental calls a day. Potential renters are looking for 2/3 bedroom 2 bath, convenience location (most desired cites for renters: Biloxi, St Martin, and Ocean Springs), and pet friendly. If you buy it, they will rent. I have the renters, I just need the HOMES to put them in. My agency has in-house property management services.

If you have any questions or would like to discuss the current market, please call me at 228-697-2816.

Thank you,
Amy Olier
Realtor
Century 21 Bay South Realty, Inc.

Thu May 8 2008, 12:42

I own 8.2 acres on Biloxi Bay, Zoned WF (casino zoning) as well the permits to build. I had it sold and the buyer has got himself in trouble and is unwilling to close. The property is available now and is priced below $1,000,000 per acre for quick sale and will to do some owner financing with down payment. Contact steven.carter4@att.net

Wed Mar 19 2008, 03:52

Keith,
I have opportunities that are unmatched. Great locations, tenant waiting lists, cash back opportunities from the government, guaranteed cash flow. Write me at dell@msluxuryhomes.com. I will send you information.

Sat Mar 15 2008, 21:56

Keith, again the opportunities are available for so many directions, I would need more information from you to begin narrowing the opportunities. If your needs are outside my expertise, I can introduce you to local practitioners specializing in your field of interest.. Keep in mind also that there is a sea of opportunity in for sale by owner properties. You have no idea until you are driving the area--unless you employee a person to be your Buyer Agent, Property Scout, ... Many FSBOS do not go into local publications or on the internet. I think they expect buyers to drive by and buy:-)

Sun Mar 9 2008, 13:00

I have an RV Park for sale in Long Beach, MS. This is an established park generating significant income. email me for more info

Sat Mar 8 2008, 19:37

Keith, excellent answers from Real Estate Pro in California. I am licensed in MS and live/work the MS Gulf Coast. Obviously, you use the Internet. I suggest visiting http://mississippi.org http://www.co.harrison.ms.us/ (you can sign up for email updates).
http://biloxi.ms.us/ http://biloxims.com That should get you started. Another source to view agent business/commercial listings would be http://loopnet.com . I provide a MS Gulf Coast MLS search at
http://search.listings.mgc.mlxchange.com

Things are happening so fast here its unbelievable. If you need photos or any property investigated on your behalf, contact me if you wish.

Fri Mar 7 2008, 14:12

Things to consider.

77 Million Baby boomers retiring in next 1 - 10 yrs. They are wealthy, love to travel and gamble. Biloxi will become the 2nd largest gaming destination by 2010.

Current Casinos in the area

Biloxi Casinos:
Beau Rivage Casino & Resort
Hard Rock Hotel and Casino
Silver Slipper
Island View
Hollywood Casino
Biloxi Grand
IP Casino Resort and Spa
Isle of Capri
Palace Casino Resort
Boomtown Casino
Treasure Bay

Breaking Ground & Proposed:
http://bacaranbay.com/
http://www.harrahs.com/casinos/grand-biloxi/casino-misc/marg…
http://www.gulfcoast.org/static/index.cfm?action=group&conte…

Related Articles:
USA Today Article—“Casinos bounce back in Biloxi building boom”
Link: http://www.usatoday.com/news/nation/2007-11-05-casino_N.htm

Gulf Coast News Article—“Update on Mississippi Casinos”
Link: http://www.gulfcoastnews.com/GCNnewsCasinoOpenings.htm

MSNBC Article “Katrina Dried up Rental Market”
Link: http://risingfromruin.msnbc.com/2007/05/rentals.html

CNN Article “A Tale of Two Cities: Biloxi and New Orleans”
Link: http://www.cnn.com/2007/US/08/29/katrina.twocities/index.html

Wed Feb 27 2008, 17:01

Our company has tremendous investment property on the Gulf Coast.

These units are run as vacation rentals and are generating tremendous cashflow for our clients – over $600 mthly

Oak Shores - http://www.oakshoresbiloxi.com/
Harbor Landing – http://harborlandingcondos.com

Why Invest in Biloxi, MS?

In 2007, Biloxi was one of the top 3 best-performing housing markets in the US.

According to the OFHEO.gov, House Price Index report of the 1st quarter 2007, Biloxi-Gulfport ranked #6 for the greatest year over year appreciation in the country, appreciating at 16%.

A recent article on CNN Money’s web site lists Biloxi as one of the metropolitan areas unaffected by the nationwide real estate downturn.

Biloxi’s Booming Casino Economy - To date, 11 casinos have re-opened employing 17,000 people and another 14 have been permitted to open in the next 3 to 5 years. How many thousands of people will need to be employed with these new casinos? (Hint: The mayor predicts that 18 to 22 casinos will re-open in the next decade, requiring 40,000 employees).

GO ZONE Tax Benefit – 50% Bonus Depreciation

Consider this: If you buy one of the Oak Shores Studios at $109,900 and put 10% down, $10,900, you will see a 100% return on that investment in two to three weeks after closing; not in one to two years. Deposit is rebated back to you.

The seller will also allocate 2% towards your closing cost which is $2,180 and that would cover it.

$5,000 wholesale fee.
$109,900 sale price.
10% down payment = $10,900.
2% closing costs paid by the seller.
$10,900 designer credit rebated to you two to three weeks after closing = 100% cash return on your down payment.
$560 per month plus positive cash flow first year. (The second year it cash flows at $7,232; a 66% ROI.)
In less than 9 months, you have earned a 100% return on the $5,000 wholesale fee.
Your condominium is completely furnished including a 37” HD Flat Screen TV and down to the knives and forks. You own it all.
15.7% appreciation in 2007
Forbes / CNN predict a minimum of 50% appreciation in the next four to five years.
Receive the 50% GO ZONE Tax Benefit
Currently rents at 90% occupancy.

Wed Feb 27 2008, 16:56