Biloxi real estate market

[Jeromy Jordan]

Hey BP,

I'm moving to Biloxi, Mississippi and want to plant my roots out there in the real estate market. I'm in the process of learning the demographics, avg rental rates, and best locations. Trying to get as much of a feel for the market as I can before I get out there. I'm military so this place kind of chose me so I want to make the best of any opportunity available while there. I would like to house hack but looks like its not a lot of small multifamily out there and/or the areas with multi are not suitable for my families comfort. So now the play is to just buy my primary residence and perhaps BRRRR a SFR as a well if the opportunity presents itself.

Seeking advice or pointers from anyone who either have or currently invest in that market on what's the best investing strategy that fits the market (appreciation vs cashflow market/BRRRR vs flip etc.).

Thanks!

[Pat Heidingsfelder]

Hey @Jeromy Jordan! Biloxi/Gulfport area is a great market to invest! I’d be cautious around flood zones, it’ll just add to the expenses. 

As for areas, there’s some great ones around but there’s also some bad ones that will sneak in there. 
I've built my own investing and assisted clients using the BRRRR method. We're more of a cash flow market but as with most areas are seeing some great appreciation this last year or so.

Feel free to hit me up for any specifics or if you want to go look at properties.