You have poor credit and little money for a down payment.  There are options.  Rather than obtain a typical mortgage loan which you may not qualify for, work with a seller to have that seller finance the property for you.

Are you a property owner about to lose your property through foreclosure?  There is a way to get your property sold without losing it through foreclosure.

This unconventional financing program is discussed because it's become popular recently.  It's been around for a long time but with the high interest rates and people who bought second homes they can not afford, it's back.

Read our article on this topic: https://gulfcoastalrealtors.com/the-best-last-minute-solution-to-avoid-foreclosure-wraparound-sale/

Visit our website at LoganAndersonllc.com   for blog articles and more podcasts about real estate and life on the Mississippi Gulf Coast.

 

A discussion about how to make the most of your casino loyalty programs.  Earn more points and advance in the programs.  The higher you get, the more you get.  Some casino loyalty programs are better than others particularly for your individual tastes.

Some give household items weekly just for showing up.  Others offer dinners and events with entertainment.  If you like to eat free, check out the loyalty program that offers more for "comps" to pay for your meals.  Some provide periodic allowances, others accumulate funds you can use anytime.

Listen to this podcast to learn more about how you can get the most from these programs.

Please check out our website: Logan-Anderson Gulf Coastal Realtors

It's time to consider paying less in federal taxes by creating a strategy that works for your situation.  Why not take advantage of all of the changes made in tax laws during the past few years?  These are not "loopholes".    If you have a legitimate deduction, take it.

You have a few months left to take action to benefit your individual situation or business this year.  Keep in mind that many of the tax benefits passed in 2017 may go away in 2025, just a little over one year away. 

If you are retired, this applies to you.  If you own investment property this applies to you.  Listen and start the process.  Taking advantage of tax breaks is as important as earning through your goods and services.

Please visit LoganAndersonLLC.com to read some of our blog articles.  Take a look at some good investment properties or your retirement home on the Mississippi Gulf Coast.

You would think that all of the talk about the "housing market" being tight is the case everywhere.  It is not.  There is no housing market, each area is its own market and many are far different than others.

During the last year the inventory of houses on the market has increased 17% on the Mississippi Gulf Coast while the national market has gone up about one percent.  At the same time, housing prices are stable on the Mississippi Gulf Coast. 

You would think with more houses hitting the market that prices would be dropping fast.  This is not the case, at least now.  Listen as we discuss what is happening not only on the Mississippi Gulf Coast but also how this area compares with others.

Please visit our website LoganAndersonLLC.com  and read more in our blog articles.  Check out houses at our site.  Register and let us know what you are interested in.  

Once again, Cruisin the Coast is coming to the Mississippi Gulf Coast on October 1, 2023.  Each year more and more participants come to the biggest event in the state of Mississippi.  More than 9,000 classic cars arrive and become part of a large party that stretches all across the Mississippi Gulf Coast.

Bands, food, entertainment plus thousands of great cars.  What more do you want?   Downtown areas of most cities are designated event zones for people to walk around and look at the cars.  They drive up and down U.S. 90, Beach Blvd.

 Join us this year.  Book your reservations ahead at ChristiesGulfBeachRentals.com  You can read more about the event at RetireCoast.com

Please visit our website at LoganAndersonLLC.com  read our blog articles and search for your next home on our site. 

Self employed, part time worker, retired?  There is a loan program just for you.  It's called a DSCR loan. 

A DSCR loan, or debt service coverage ratio loan, is a type of loan that is used to finance the purchase of investment properties. The DSCR is a measure of the cash flow that a property generates, and it is used by lenders to determine how much debt a borrower can afford.

The DSCR is calculated by dividing the net operating income (NOI) of a property by the total debt service (TDS). The NOI is the amount of money that a property generates after all operating expenses have been paid. The TDS is the total amount of money that is required to make the mortgage payments on the property.

For example, if a property has a NOI of $100,000 and a TDS of $60,000, the DSCR would be 1.67. This means that the property generates enough cash flow to cover the mortgage payments by 1.67 times.

Lenders typically require a DSCR of at least 1.25 for DSCR loans. This means that the property must generate enough cash flow to cover the mortgage payments by 1.25 times. However, some lenders may require a higher DSCR, depending on the property and the borrower's financial situation.

DSCR loans are a good option for real estate investors who have a strong property but may not have strong personal finances. These loans can be used to finance the purchase of investment properties, even if the borrower has a low credit score or limited income.

Please visit our website LoganAndersonllc.com for blog articles and to look at real estate for sale on the Mississippi Gulf Coast.  

Have you ever seen a sign on a telephone pole or tree "I will buy your house for cash now in any condition"?  This is the topic of our podcast.  You should understand what is happening here incase you are tempted to make a call or are approached by someone.

These people are often called "wholesalers".  They are really not in the real estate business because they have no equity interest in anything.  They are not investors and they are not real estate agents.  

These people are "bird dogging" for investors.  They have you sign a sales contract with a provision that they can sell the contract to someone else.  That's the plan.  Find someone who is must sell quick then sell their contract to a real investor.

There are a few potential problems with selling your house to a wholesaler:

• Lower sale price. Wholesalers typically make a profit by buying properties at a discount and then reselling them for a higher price. This means that you may not get as much money for your house if you sell it to a wholesaler as you would if you sold it to a traditional buyer.
• Less transparency. Wholesalers often don't have to disclose all of the information about their buyers to sellers. This can make it difficult for sellers to know who they're selling their house to and what their plans are for the property.
• Risk of contract falling through. There's always a risk that a real estate contract will fall through, but this is especially true when selling to a wholesaler. This is because wholesalers often have less experience and resources than traditional buyers, and they may not be able to close the deal if they can't find a buyer for your property.
• No fiduciary duty. In most states, wholesalers are not legally required to act in the best interests of sellers. This means that they may not be as motivated to get you the best possible price for your house.

If you're considering selling your house to a wholesaler, it's important to do your research and understand the risks involved. You should also get everything in writing and make sure you understand all of the terms of the contract before you sign anything.

Here are some additional tips for selling your house to a wholesaler:

• Get multiple offers. Don't just accept the first offer you get from a wholesaler. Get multiple offers so you can compare prices and terms.
• Ask questions. Don't be afraid to ask the wholesaler questions about their business, their experience, and their plans for your property.
• Get everything in writing. Make sure you have a written contract that outlines all of the terms of the sale, including the purchase price, the closing date, and the contingencies.
• Do your research. Before you sign anything, make sure you understand all of the terms of the contract and that you're comfortable with them.

If you're not sure if selling to a wholesaler is the right option for you, it's always a good idea to talk to a real estate agent. An agent can help you understand your options and make the best decision for your situation.

Please visit LoganAndersonLLC.com and read our blog articles.  Listen to our other podcasts on similar topics.

100% no cost to camp on Deer Island across from Biloxi on the beautiful Mississippi Gulf Coast.  This island has forests and various terrain.  It is located a five minute canoe ride from Biloxi Beach yet it seems far away.  There are no facilities on the island.  You need to bring in what you need.

There are no permits required and no cost to camp on the beach.  You are permitted to have a camp fire near the beach.  This is a primitive island even though all of the conveniences of life are just a few minutes away. 

There are dozens of varieties of fish available and you can watch many species of birds some of which are endangered.  Hike in the forest and walk along the beach.  See dolphins and possibly deer. 

Listen as we describe this great place for your next camping vacation.  Check out our blog articles on GulfCoastalRealtors.com or LoganAndersonllc.com

Join the club.  COVID provided some opportunities for many to buy a property and rent it as a full-time vacation rental.   Equity growth was great and income was flowing in.  This is a new day, many things have changed over the past two years including too many vacation rentals on the rental market without additional guests to fill them.

Equity growth has ground to a halt in most areas so without equity growth and current income, many investors are finding that they are paying out of pocket for the upkeep of their investment.  Not an ideal situation.

There are some solutions to this issue and that is the point of this podcast.  Listen as we talk about the market, where it is going, and what you can do.

Please visit LoganAndersonllc.com   and read our blog articles.  Check out properties for sale at the same time.   Should you wish to buy a second home, sell your existing vacation rental or buy a primary residence, feel free to contact us through our website.  Logan-Anderson Gulf Coast Realty covers the Mississippi Gulf Coast.

Confused about what you can and can not deduct with an investment property?  Join the club.  Many are not sure if they are a passive or active investor and what is and is not deductible.

We try to clear this up a bit for you in this podcast.  Your CPA will be the final decision-maker for you but it's good to know the general direction before you see the CPA or make an investment.

Visit our website to learn more about this topic and others regarding real estate.  Logan-Anderson Gulf Coastal Realty