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 â€“ over $600 mthly
Oak Shores - http://www.oakshoresbiloxi.com/
Harbor Landing â€“ 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 Moneyâ€™s web site lists Biloxi as one of the metropolitan areas unaffected by the nationwide real estate downturn.
Biloxiâ€™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 â€“ 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 37â€ 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.