Saturday, December 1, 2012
Thursday, November 29, 2012
5457 Carmody Lake Dr, Port Orange Fl
Beautiful 4 Bedroom 2 Bath Pool Home on a lake with a 3 car garage listed for $275,000.
MLS 538232
Wednesday, October 24, 2012
REAL ESTATE INVESTING
There has never been a better time to invest in Real Estate. Prices are low, interest rates are low and inventory is high. Prices have hit the bottom and are starting to rise. We won't see the 10% to 20% annual increases in value we saw in the first half of the last decade, nor the dramatic drop that occurred in the second half. I anticipate a steady 2% to 5% annual increase in value over the next ten years. Interest rates are at an all time low. there may never be another time to use other people's money for so cheap. Inventory is high and there are several more bank owned and short sale properties coming on the market everyday. Warren Buffett says single-family homes are a very attractive investment right now. "I'd Buy Up 'A Couple Hundred Thousand' Single-Family Homes If I Could." (February 27, 2012, CNBC).
Residential Real Estate is a great investment because it has more than one source of income.
Appreciation: As discussed above it has the potential to appreciate in value. The price of existing homes increased by 5.4% annually from 1968 to 2009, on average. (Natl. Assoc. of Realtors)
Rental Income: The demand for rental housing is very high and increasing. Buy the right property at the right price, and you can not only cover the cost of your expenses, you can clear a monthly income.
Tax Advantages: Rental property expenses are tax deductable. Expenses include, but are not limited to repairs, insurance, and mortgage interest. Depreciation of property is another tax deduction and when combined with expenses, can be more than the income. So even though you are making a profit from the rental property, you can claim a loss on income taxes. Consult a tax expert for your individual situation.
You have options when you buy investment property. You can pay cash, obtain mortgage, join a partnership and you can even purchase real estate in your retirement account such as an IRA
Let Realtor Bill Hellums help you navigate the maze of investment property from EGI to CFBT and beyond.
Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/
Venetian Bay Golf Course Under New Ownership
The golf course at Venetian Bay was sold to a Canadian firm for $5.5 million. The new owner, Geosam Capital Ltd. hired the Palm Beach Gardens based Kitson & Partners to take over the management of the Venetian Bay Golf and Beach Club. The new general manager is Kyle Mooney, who managed the Kitson owned Highlands Reserve Golf Club near Orlando. It is too early to tell what changes will be made to the golf course and club, however the future is brighter than it was under the management of the Johnson Group.
Currently it is a private club with five different memberships which range in price from $850 to $4000 for a family annual membership, and a $500 to $5000 initiation fee.
Geosam Capital Ltd already owned the lots abandoned by Tiffany, in the Savannah Pointe section of Venetian Bay prior to closing on the Golf course deal. Along with the golf course/country club, Geosam acquired 25 acres of vacant commercial property at the Venetian Bay Town Center, this does not include the Tuscany Square Condo. Also included in the deal were 91 home lots and a development lot that can accommodate 118 townhomes.
Venetian Bay, which first started selling homes in 2004 was red hot until the housing bubble bust. Development came to a screeching stop in 2007 until late 2010 when D. R. Horton took over the lots owned by K B Homes. Now with Geosam Capital Ltd in the game, I look forward to seeing the dream that so many of us had for Venetian Bay to become a reality.
Currently it is a private club with five different memberships which range in price from $850 to $4000 for a family annual membership, and a $500 to $5000 initiation fee.
Geosam Capital Ltd already owned the lots abandoned by Tiffany, in the Savannah Pointe section of Venetian Bay prior to closing on the Golf course deal. Along with the golf course/country club, Geosam acquired 25 acres of vacant commercial property at the Venetian Bay Town Center, this does not include the Tuscany Square Condo. Also included in the deal were 91 home lots and a development lot that can accommodate 118 townhomes.
Venetian Bay, which first started selling homes in 2004 was red hot until the housing bubble bust. Development came to a screeching stop in 2007 until late 2010 when D. R. Horton took over the lots owned by K B Homes. Now with Geosam Capital Ltd in the game, I look forward to seeing the dream that so many of us had for Venetian Bay to become a reality.
Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/
Tuesday, September 11, 2012
I Could Not Be More Proud
Today marks the 11th year since the brutal attack on American soil by a group of terrorist. I am sure each of us remembers where we were and what we were doing when those attacks happened. I was at work as an Air Traffic Controller sitting at a RADAR scope. It was just another typical day at work and I had just told a Delta departure he was RADAR contact and turned him towards the Atlanta airport, when the supervisor stood up and announced to the room that all departures were stopped and every aircraft in the air had to land at the closest airport. All the controllers in the room asked "why are we doing this, what is going on?" the supervisor said he did not know what was going on but we had to get every aircraft on the ground as fast as we could. I had been an air traffic controller for over 25 years and never had I seen anything like this happen before. Over the next hour and a half, the air traffic controllers of our nation safely guided over 4000 aircraft with hundreds of thousands of people on board to nearby airports. This had never been done before, there was no plan in place, what my brother and sister air traffic controllers did was truly amazing, and heroic.
Courtesy: NASA/FAA NASA Ames Research Center Future Air Traffic Management Concepts and Evaluation Tool (FACET) animation of September 11th, 2001.
Shortly after that day, my son joined the United States Army. He began his service in November 2001, and has served a tour in Iraq, two tours to Afghanistan, and is scheduled to return to Afghanistan in January 2014. I could not be more proud of my son for stepping up in the defense of freedom. I thank God for for his courage and bravery, as well as that of all the other young men and women who have placed their lives on the line to served our country and the the world in the fight against terrorism. I for one am very grateful that they value their own freedom enough to ensure that others throughout the world can also be free. God bless America and all those who have proudly served Her.
Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/
Courtesy: NASA/FAA NASA Ames Research Center Future Air Traffic Management Concepts and Evaluation Tool (FACET) animation of September 11th, 2001.
Shortly after that day, my son joined the United States Army. He began his service in November 2001, and has served a tour in Iraq, two tours to Afghanistan, and is scheduled to return to Afghanistan in January 2014. I could not be more proud of my son for stepping up in the defense of freedom. I thank God for for his courage and bravery, as well as that of all the other young men and women who have placed their lives on the line to served our country and the the world in the fight against terrorism. I for one am very grateful that they value their own freedom enough to ensure that others throughout the world can also be free. God bless America and all those who have proudly served Her.
Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/
Thursday, March 29, 2012
Wednesday, March 21, 2012
Another Reason Buyer's Need Their Own Realtor
I just had another closing where the seller's title agent and Realtor work for the same company. This is not a bad thing in and of it's self, my company owns a title company also. However the buyer should beware, they need a Realtor to represent their interest.
In my most resent closing, I noticed two errors on the HUD that when corrected, netted my buyer $500.
The first error was a closing fee charged by the title company. The contract clearly stated the seller would chose the title company and pay their fees.
The second was the omitting of the Home Warranty allowed for in the contract.
I believe both of these errors were honest mistakes, however they would have gone overlooked had the buyer not had a professional looking out for their interest. In most cases, buying a home is the largest purchase anyone makes, and they don't do it very often. They rely on a real estate professional, a Realtor to make sure everything is correct and their interest are being protected.
Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/
In my most resent closing, I noticed two errors on the HUD that when corrected, netted my buyer $500.
The first error was a closing fee charged by the title company. The contract clearly stated the seller would chose the title company and pay their fees.
The second was the omitting of the Home Warranty allowed for in the contract.
I believe both of these errors were honest mistakes, however they would have gone overlooked had the buyer not had a professional looking out for their interest. In most cases, buying a home is the largest purchase anyone makes, and they don't do it very often. They rely on a real estate professional, a Realtor to make sure everything is correct and their interest are being protected.
Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/
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