Archive for Damion

0 Comments. Posted by Damion on Wednesday, February 24, 2010 at 11:56 pm.

The Mississippi Coast Real Estate market has not seen the drastic declines that many other areas have over the past couple of years. While pace has been slower than it has in previous years, much of this can be attributed to stronger lending requirements.
Over the past year, we have seen more home sales slip through [...]

Filed under Real Estate Market, Market Updates.

8 Comments. Posted by Damion on Tuesday, August 18, 2009 at 2:30 pm.

The My Home My Coast grant program has been getting a lot of attention lately, and unfortunately a lot of wrong information. If you are a current approved recipient of the My Home My Coast assistance, please contact us to have us go to work helping you find your new home.
Who is eligible?

A person/family who [...]

Filed under Buying a Home, Mortgages/Lenders, grants, my home my coast.

0 Comments. Posted by Damion on Monday, May 11, 2009 at 1:31 pm.

First impressions are everything when it comes to selling your home. Sure, the first thing prospective home buyers see is the outside of your home, but that doesn’t mean that you can ignore the inside! If you’re putting in the time and effort to fix things around your house, you might as well [...]

Filed under Selling a Home, Lighting, Selling, showing, staging.

0 Comments. Posted by Damion on Monday, April 13, 2009 at 2:02 pm.

The refundable tax credit enacted for the 2009 tax season will allow first time home buyers, or buyers who are considered first time home buyers (have not owned a home in 3 years) to claim a credit up to $8,000 on their taxes. If you are getting money back on your taxes, you will get [...]

Filed under Buying a Home, First Time Home Buyers, Tax Incentives.

1 Comment. Posted by Damion on Tuesday, March 17, 2009 at 10:27 pm.

Haley Barbour signed the tourism bill which will allow significant tax incentives to Casinos which build non-gaming attractions/amenities such as hotels, theme parks, convention centers or other venues that would give tourists more to do when visiting the Mississippi Gulf Coast.
The new bill will create many more opportunities for our area, both in recreation, jobs, [...]

Filed under Investment Opportunities, Real Estate Investing, Go Zone, Mason Trendsetters, real estate invest, Real Estate Investing, Tourism, Tradition.

1 Comment. Posted by Damion on Sunday, March 15, 2009 at 9:56 pm.

I recently had an investor contact me about a property he was in escrow to purchase and he had some rather interesting news about how he was “maneuvered” by a group that does investing tours. Now, don’t get me wrong, all these guys who do investing tours are not bad, but my take on it [...]

Filed under Real Estate Stories, Bad Agents, Go Zone, SRAP.

0 Comments. Posted by Damion on Friday, March 13, 2009 at 9:37 pm.

Seller Leasebacks have received a bad name in some markets, primarily because of crooked real estate agents or developers just trying to pitch properties to make a quick dollar. This is a shame because seller leasebacks can work in great favor of a real estate investor wanting to capitalize on an appreciating market but nervous [...]

Filed under Investment Opportunities, biloxi real estate, Condo, Go Zone, ocean springs real estate, real estate invest, Real Estate Investing, waterfront.

1 Comment. Posted by Damion on Saturday, February 14, 2009 at 3:45 pm.

You have been driving around, looking at homes, calling every agent you see a sign for, finally write an offer on a house and you get to the agency disclosure and find out that the agent you have been friendly with for the past week – the one that knows every intimate detail of your [...]

Filed under Real Estate Terminology, Agency, Buying, Selling.

0 Comments. Posted by Damion on Sunday, February 8, 2009 at 11:20 pm.

Effective March 1, 2009, which also happens to be my daughter Trinity’s second birthday, Fannie Mae will start, once again, financing up to 10 properties for investors – one heck of a birthday present if you ask me. Maybe I will go buy her an investment property
Fannie Mae has decided to do this [...]

Filed under Investment Opportunities, Mortgages/Lenders, Real Estate Investing, Fannie Mae, mortgage, real estate invest.

0 Comments. Posted by Damion on Monday, February 2, 2009 at 8:36 am.

Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. However, the tax code provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a [...]

Filed under Real Estate Investing, 1031 Exchange, real estate invest, tax advantage, tax shelter.

5 Comments. Posted by Damion on Saturday, January 17, 2009 at 1:09 pm.

The Mississippi Development Authority (MDA) Small Rental Assistance Program (SRAP) Round 2 applicants got a startling letter yesterday (See Here – opens in new window). The letter basically was sent to all Option D applicants, which encompassed anyone who bought new construction as a means of receiving the forgivable loan from the MDA. The SRAP [...]

Filed under Investment Opportunities, Real Estate Investing, Go Zone, real estate invest, SRAP.

0 Comments. Posted by Damion on Tuesday, December 23, 2008 at 12:58 am.

As a real estate broker, I occasionally get a phone call from someone wanting to rent a house on the Mississippi Coast, but most people do not realize that I can assist them with this. Take the house in this photo for instance – a brand new home that rents for $950/month, but if you [...]

Filed under Renting/Rentals, Biloxi House for Rent, Gulfport House for Rent, Long Beach House for Rent, Ocean Springs House for Rent, Pass Christian House for Rent.

0 Comments. Posted by Damion on Sunday, December 21, 2008 at 12:47 pm.

The “GO-ZONE”, or Gulf Opportunity Zone, is a tax credit act of 2005 that was implemented by President Bush after the extremely active hurricane season of 2005 which brought us storms like Katrina and Rita. The original act was through 2008 but was extended to 2010 for the Mississippi Coast.
The act allows for bonus, or [...]

Filed under Investment Opportunities, Real Estate Investing, Go Zone, real estate invest.

0 Comments. Posted by Damion on Wednesday, December 10, 2008 at 4:47 pm.

Hurricanes are a fact of life when you live in a southern Mississippi county on the Gulf of Mexico. Forecasters say that 2009 can yield a higher than normal activity for hurricanes due to higher water temperatures and may include up to 14 named storms.
So what does this mean to you and why am [...]

Filed under Real Estate Investing, hurricanes, insurance.

0 Comments. Posted by Damion on Monday, November 17, 2008 at 12:49 am.

If you are not familiar with the SRAP (Small Rental Assistance Program) offer on the Mississippi Coast, it would be a good time to read more about it. The Small Rental Assistance Program is designed to help address the affordable housing issue on the Mississippi Gulf Coast and awards up to $40,000 per door to [...]

Filed under Investment Opportunities, Real Estate Investing, Real Estate Investing, SRAP.

0 Comments. Posted by Damion on Sunday, November 16, 2008 at 3:06 pm.

The city of Gulfport, MS was awarded $9 Million in funds that is to be used for long term workforce housing. The program is a two-year project that will give people that want to buy a home up to $50,000 in the form of a forgivable loan, or deed restriction. Unlike other similar programs for [...]

Filed under Buying a Home, Gulfport, Buying, grants, Gulfport MS, homeline grant.

0 Comments. Posted by Damion on Wednesday, November 12, 2008 at 8:34 pm.

Savanna Trails, in Ocean Springs, MS is a planned community currently being developed into one of the most unique subdivisions in the area. Offering amenities ranging from community daycare at a reduced rate to residents, miles of walking paths, community pavilions, parks, playgrounds, pools, and outside grilling areas. Cat 5 cable and wireless Internet and [...]

Filed under Communities, New Homes, Ocean Springs, Mason Trendsetters, New Homes, Planned Community, Savanna Trails.

2 Comments. Posted by Damion on Wednesday, October 29, 2008 at 12:33 am.

The Mississippi Development Authority’s Small Rental Assistance Program (SRAP for short) round 2 is here and applications are being processed. For anyone wanting to take advantage of this program, you need to do it BEFORE December 15th 2008.
SRAP round 2 started on October 15th 2008 and offers some of the nicest incentives to put rental [...]

Filed under Investment Opportunities, Real Estate Investing, Real Estate Investing, SRAP.

0 Comments. Posted by Damion on Tuesday, October 21, 2008 at 12:01 am.

I get numerous calls every week from new real estate investors, most of which just read a book or watched a DVD that they bought off a late night infomercial and the first thing they say is that they want me to help them find investment properties.
Me: Great – so what are you looking for?
Them: [...]

Filed under Real Estate Investing, Go Zone, Real Estate Investing, SRAP.

0 Comments. Posted by Damion on Thursday, October 16, 2008 at 8:31 pm.

Swan Lake Estates is located in Gulfport, MS a few miles north of I-10 off Hwy 49.  Swan Lake Estates is nestled just outside of the city limits saving owners money on property taxes, yet still close enough to have all the amenities of city living with public water and sewage, cable television and broadband [...]

Filed under Communities, Gulfport, Gulfport MS, Swan Lake Estates.

2 Comments. Posted by Damion on Thursday, October 16, 2008 at 2:05 pm.

Rivers Edge Town Homes are located in Biloxi, MS near the D’Iberville shopping center and only minutes away from the intersection of I-10 and I-110.
Located right on the Tchoutacabouffa River, these town homes offer gorgeous views and yet are high enough that you should not  ever have to worry about flooding.
Only minutes from downtown Biloxi [...]

Filed under Biloxi, Communities, New Homes, Waterfront, Biloxi, Condo, Mason Trendsetters, New Homes, Rivers Edge, Town Home, waterfront.

3 Comments. Posted by Damion on Sunday, October 12, 2008 at 9:56 pm.

Audubon Lake is a quiet, nestled community just outside of the city limits of Gulfport, MS on Hwy 53. This subdivision is in the process of being developed now and is currently plotted for roughly 90 home sites.
The subdivision is located in close proximity to Canal Rd., Harrison County Fairgrounds, and is only a few [...]

Filed under Communities, Gulfport, New Homes, Audubon Lake, Gulfport MS, Mason Trendsetters, New Homes.