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Updated almost 7 years ago on . Most recent reply

User Stats

165
Posts
137
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Karen Chenaille
  • Real Estate Agent
  • Sevierville, TN
137
Votes |
165
Posts

ISO Biloxi Realtor Specializing in STR's

Karen Chenaille
  • Real Estate Agent
  • Sevierville, TN
Posted

Hey Folks!

I am looking to purchase a STR in the MS Gulf Coast Area...specifically Biloxi or Gulfport. I am looking for a reputable realtor that understands the STR market. Does anyone have any recommendations?

Thanks in advance!

Karen

  • Karen Chenaille
  • Most Popular Reply

    User Stats

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    4,192
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    Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • The worst town to live in, KS
    4,192
    Votes |
    4,508
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    Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
    • Investor
    • The worst town to live in, KS
    Replied

    Skip the realtor’s.  Buy bank foreclosures.  The last 4 houses I bought were foreclosures and I paid 1/4 of the value set by the county appraiser.  You should be able to recoup your cost with 6 months of rent.  It may take 7-12 months to get 6 months of rent.  

    Fly down from VT to MS to find and buy a house and claim the trip as a business expense.  You'll need a certified letter of funds from your bank.  You should do your own home inspection, it's not that difficult.  It's about as difficult as buying a used car.

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