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
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