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Real Estate Panama City Beach & Biloxi Beachfront Highrise Condos

Discussion in 'Real Estate Investing' started by Cmbilt, Jan 25, 2008.

  1. Cmbilt
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    Cmbilt New Contributor

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    I am splitting up each of these beachfront condos into fractional ownership, 8 shares in each. These shares arre deeded shares, meaning you would earn equity and appreciation, and profit if the condo is ever sold. I am looking for around 5 to 6 partners right now for each condo. There would be no closing cost for any investor and both condos would come completely furnished. We can FINANCE you, for just $17,500 down. Total cost for one share without financing is $81,250, putting each condo around $650,000. CNN.com and FORBES list Panama City Beach as the number 1 place to invest in real estate. With the building of the new international airport and Disney's new theme park being built, PCB is really up and coming. Biloxi is said by many investors to be the next "Vegas." Our condo is next to the casinos, with shuttles coming to and from our condo daily. It is a gated, newly constructed building, withstanding any scale hurricane. Insurance is also covered in the association fees. Right now in Biloxi, they are building 5 new casinos to add to the array of casinos already, including the Hard Rock. You are guaranteed 6 week out of the year for 1 share. You can rent or use your weeks. Last year from March to December, our Panama City Beach Condo rented 27 times. Our Biloxi condo just appraised for $49,000 more than our contract price. Biloxi rents for around $200 a night. For more information and pictures visit www.cmbilt.com. Or you may email me at cmbilt2@yahoo.com
     
  2. pitboss
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    pitboss New Contributor

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    When was the second picture taken?
     
  3. Cmbilt
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    Cmbilt New Contributor

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    the first picture is of the Biloxi unit and the second picture is of Panama City Beach during the Summer. There are more pictures at www.cmbilt.com
     
  4. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    I hear Biloxi is booming and hasn't been suffering ill effects of the housing market.
     
  5. Runum
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    Runum Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    Most of the investor opportunities I have been offered in the last month have been from Biloxi. Looks like it is up and coming.:cheers:
     
  6. pitboss
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    pitboss New Contributor

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    CMBILT, Do you also have properties in Destin?
     
  7. Cmbilt
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    Cmbilt New Contributor

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    No we dont have any properties in Destin, however our Panama City Beach Condo is on the west end of Panama City(also known as Sea Haven) towards Destin. We have properties for sale(whole ownerships) or offering fractional partnerships in the following cities: One in Panama City Beach(Partial Ownership), One in Biloxi(Partial Ownership), and two in Naples, Fl.(1 on the beach and 1 in a gated golf course community - Whole Ownership). And we are currently pooling investors to develop a modern eco friendly mountain community.
     

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