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Surfing in Seaside Florida

February 27, 2010 By 9 Comments

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That’s What I’m Talking About!

The reason you own Seaside Florida Real Estate is so you can hangout at the beach and do fun things like enter YOLO Board Surfing contests like this one that was held at the beach in Seaside last fall.

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YOLO Boarding is where you stand on a surfboard like board holding a paddle that acts as a rudder and paddle. It’s a great workout and tons of fun. In this contest people from all over 30A , Destin and Panama City came to compete and have fun. Many of them own real estate in the area. If you are interested in owning property in the area check out Seaside Florida Homes For Sale or 30A Real Estate News or if you are interested in Panama City Condo Foreclosures be sure to look at the Panama City Beach Real Estate News.

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Thanks for stopping by – if you have any pictures that you would like to share with us please do so. Thanks again.

Filed Under: Featured, South Walton Beach Lifestyle Tagged With:

Six reasons to tap retirement funds now to buy rental property

February 6, 2010 By 24 Comments

Piggy Bank

Here is more information about investing and 30A Real Estate.  As always I think it’s very important to be as informed as possible on how to maximize your investing power.  So with that in mind I found this article about using IRA’s to buy real estate at Market Watch.com. Take a look and let me know what you think.

Using IRAs to buy real estate

Six reasons to tap retirement funds now to buy rental property

SAN FRANCISCO (MarketWatch) — One of today’s soundest investments is never touted in financial-services ads. The reason: Wall Street wouldn’t make any money off it.

Since 1974, Americans have had the ability to use IRA assets to buy investment property. Yet the means to do that — called a self-directed IRA — remains one of the least known and unheralded investment vehicles in the vast financial marketplace. [Read more...]

Filed Under: Buyers, Investing Tagged With:

Buy 30A Real Estate in you IRA

February 5, 2010 By 8 Comments

Dollars

Because investing and 30A Real Estate go hand and hand I think it’s very important to be informed as possible on how to maximize your investing power.  With that in mind I came across this question and answer segment on Smart Money.com  that address IRA’s and real estate.  Take a look and let me know what you think.

Q. Can an IRA be invested in mortgages or real estate?
—Linda Bruyette, Ellington, Conn

Yes, some real estate (including commercial property, vacation rentals, raw land and mortgage notes) is permitted. At best, real estate provides steady income and long-term appreciation. Usually only special-purpose banks and trust companies offer these investments, as “self-directed IRAs.”

Potential risks are high. “Self dealing” is strictly prohibited—which means you can’t invest in something you or immediate family members use or benefit from. Otherwise your entire IRA balance is treated as a withdrawal and subject to relevant taxes plus a 10 percent penalty if you’re under age 59 1/2. Plus, there’s the liquidity issue: You need a big IRA to handle buying and maintaining property while also keeping a diversified portfolio. And if you need out quickly, you better hope for a robust real estate market. A good real estate mutual fund or exchange-traded fund is a simpler choice.

Click on the links to find 30A Foreclosures, 30A Short Sales, 30A Homes For Sale, 30A Condos For Sale

Also check out Watercolor Real Estate News, Watersound Real Estate News,  Panama City Beach Real Estate News.

Filed Under: Investing, South Walton Beach Lifestyle

Three Gulf Front Short Sales and One Foreclosure

February 3, 2010 By 7 Comments

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Right now there are three gulf front homes for sale on 30A that are listed as a short sale and one listed as a foreclosures. Short sales are simply when a property owner sells the property for less than what is owed to the bank – of course the bank has to approve the sale as well.

Where are they?

The 30A Short Sale above is located in located in Gulf Trace, it has 5 bedrooms and 5-1/2 baths, 4,150 sq.ft. and it’s own private dune walk over. It was purchased in 2005 for $4,040,000 and is now listed for $3,250,000! The other two 30A short sales are located in The Retreat - listed for 3,330,000 and Seacrest - listed at 1,199,000. The 30A Foreclosure is located in Sand Cliffs and is listed at $1,200,000.

More 30A Short Sales and Foreclosures

Click on the links to learn more about how to buy or sell a short sale on 30A or see all 30A foreclosures. Also if you don’t miss out on any new short sales and foreclosures simply sign up for the FREE  30a Short Sales and Foreclosures Alert and we will send you an email everytime a new short sale or foreclosures hits the market.

Filed Under: Buyers, Featured Tagged With: