Investing in Real Estate through 1031 Exchange

in Cincinnati Real Estate Consulting, Cincinnati Real Estate Development, Cincinnati Real Estate News, Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Florida Real Estate News, Jackonville Real Estate News, Jacksonville Real Estate, Ohio Real Estate Development News, Real Estate Consulting, Real Estate Taxes

Keeping Your Real Estate Equity In Tact During a Sale With 1031 Exchanges presents a wide variety of opportunities from taking advantage of the 1031 exchange technique provided by the real estate code.

In a 1031 tax free exchange a real estate investor can sell an appreciated property and invest the sale proceeds in a like kind property. By investing the real estate profits in a new property purchase, the taxes on the gain are deferred. A financial institution that is knowledgeable in 131 tax free exchanges should handle the transaction to make certain that all regulations are complied with. This is a valuable tool for the preservation of cash and equity in the appreciated real estate.

Real estate investors will find oceanfront condos, downtown lofts, apartment projects, apartment conversion candidates and office buildings, all worthy of considering for the reinvestment of 1031 proceeds.

Condos provide supply and demand upsides and a wide variety of potential future buyers including homeowners, vacation homeowners and investors.

Downtown lofts offer unique loft designs, proximity to  downtown business districts and lively downtown neighborhoods.

Apartment buildings and offices, particularly in high demand areas like historic districts, present the opportunity for positive cash flow and future equity appreciation.

When zoned CRO, which allows a building to be used for residential, commercial or office purposes, apartment building have the additional value of being able to be converted to offices. Small apartment buildings zoned CRO in historic neighborhoods are prime candidates and highly sought after by real estate investors looking for 1031 exchanges.

A 1031 exchange can save a real estate investor a great deal of cash.


Condominium Association Advantages

in Florida Real Estate Development, Florida Real Estate Development News, Florida Real Estate News, Jackonville Real Estate News, Jacksonville Real Estate, Real Estate Management

Whether you’re investing in an ocean front condo or set of multiplex condo units you’ll find many advantages in properties managed through a condo association.

A condo association can be a very valuable asset to both full-time and part-time owners, taking the pressure of building maintenance and upkeep off your shoulders, and turning it instead to the hands of a team of professionals.

Condominium rental properties and vacation homes can be managed in two ways. They may be owner managed where each tenant becomes responsible for reporting issues to the landlord, or professionally managed by a cooperative of owners associations.

A condo association management team can help enforce rules and guidelines to the entire community, increasing the chances of adhering to a specific set of standards.

You’ll enjoy several important benefits in working with a condo association to manage your condo property. The most significant benefit is the professional track record of most organizations in maintaining other properties in the area. This will help increase the value of your property with ease, giving potential tenants an attractive opportunity.

Residents at the property can count on consistent and professional service that they may not otherwise be able to coordinate on their own. For a flat monthly fee, they will become less dependent on using local services to keep up with maintenance issues. The condo association can also create a sense of community, setting the standard for local properties in and around the area. Enforcing and imposing fines makes it easy to regulate the property and tenants, and residents will need to worry less about theft, damages, and neighborhood safety. Read more →


Short Sale Pricing on Six St. Augustine Florida Waterfront Lots Pending Bank Foreclosure Announced By Cranewoods Realty

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases

 6 pristine St Augustine Florida waterfront lots zoned multi-family are now available at short sale pricing dramatically below the outstanding bank loan. Working with the lender and developer, Cranewoods Realty has now listed these AAA located parcels at less than 25% of the actual cash invested in the lots due to a pending bank foreclosure. These are prime Florida waterfront lots with dramatic St Augustine Inlet views and within walking distance to the historic district.

St Augustine, FL (PRWEB) May 28, 2009 — Drastically reduced St. Augustine Florida Waterfront Lots are now available from Florida real estate developer  Cranewoods Development. The new Short Sale Pricing of $1.1 million for all six lots is $3.4 million less than the actual cash invested in the real estate due to a Pending Foreclosure. 

Permits, engineering and approvals are in place for this Florida development property, located in the private Davis Shores community and within walking distance to scenic Old St. Augustine, restaurants, deep-water marinas, shopping and more. This unique site offers fantastic long-range views of the Atlantic Ocean and is surrounded by the waters of Salt Run, the Matanzas River and St. Augustine Inlet. 

“This is a rare opportunity to gain entry into the St Augustine Florida waterfront market at a rock bottom price,” said Cranewoods Realty’s Kristin Fanning. “This property is particularly unusual because of the number of exit strategies it has without the need for rezoning. The lots can be sold off individually, or used as they are assembled”. The lots are zoned multi-family, which gives them an additional height allowance allowing three stories. Options for the property include single family homesites, duplex sites, townhome and condominium developments.  Read more →


Cranewoods Realty Announces Bank-Owned Ocean View Condos in Jacksonville Beach Released at Deep Discounts to Previous List Prices

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases, Real Estate Development, Real Estate Market News

Andrew Howe, president of Cranewoods Development announces the availability of bank owned condominiums in Jacksonville Beach, Florida. Bank Owned Condos offer great values for those looking for Florida Real Estate. Serena Point in Jacksovnille Beach, Florida offers ocean view condos that are now released below appraised values. These newly released Bank Owned Ocean View Condos are selling at more than a 20% discount to the original Sales Prices.

Jacksonville Beach, FL (PRWEB) May 26, 2009 — Discounts of nearly 20 percent from original sales prices are now available on newly released bank owned condominiums. Jacksonville Beach Florida real estate developer Cranewoods Realty announced the new pricing in tandem with its release of five of the new North Florida ocean view condos in Jacksonville Beach. The recently announced prices are below February 2008 appraised values. 

Located near the oceanfront at the northern end of Jacksonville Beach near the Neptune Beach city limit, Serena Point includes just 17 residences in a seven-story, architecturally distinctive community. Residents enjoy direct beach access and ocean views from every window. Serena Point amenities include a fitness center, gracious two-story lobby, garage parking under the building, bike storage room and climate-controlled storage units for each residence. Read more →


Jacksonville Lofts Now Released at Bank Approved Short Sale Pricing by Florida Real Estate Developer Cranewoods Development

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases, Real Estate Development

Florida Real Estate Developer Andrew Howe, president of Cranewoods Development announces short sale pricing on Jacksonville loft residences in Jacksonville’s Riverside/Avondale historic district.

Jacksonville, FL (PRWEB) March 24, 2009 — Jacksonville lofts are now available at bank-approved Short Sale pricing at The Chelsea Lofts in Jacksonville’s storied Riverside/Avondale historic district. Winner of four design awards for historically compatible design and construction, The Chelsea Lofts’ price per square foot is nearly $100 less than other residences in the area, and two lofts have been sold between December 2008 and February 2009. Only a select few residences remain. New price reductions are anticipated to clear out the short sale inventory within the next couple of months. The Developer has also released a hand full of lofts now available for rent. 

The project, priced below developer construction costs, was recently completed by Jacksonville-based HCM Construction, the winner of numerous awards for its distinctive condominium and hotel projects. 

These North Florida condominiums are in the heart of one of Jacksonville’s most pedestrian-friendly neighborhoods. Residents in the area enjoy easy access to unique shopping districts, museums and galleries, and some of the city’s most popular restaurants, clubs and nightspots. The neighborhood is just a short drive to business centers and recreation in downtown Jacksonville.  Read more →


Florida Real Estate Broker Hosts Event Releasing Amelia Island Condos Below Builder Cost

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Florida Real Estate News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases

Florida Real Estate Broker Cranewoods Realty hosts special event Oct. 24 – 26 to release the existing phase of the Cape Sound condominiums, a unique Amelia Island condo project, with select units available at bank minimum pricing – below builder cost. Andrew Howe, pressident of Cranewoods Development, announced that the three day sales event starts with a Realtor preview on October 24th followed by two days open to the general public on October 25th and 26th.

Amelia Island, FL (PRWEB) October 23, 2008 — Cranewoods Realty’s announced a special event to release the latest phase of residences at Cape Sound, new Amelia Island condos. The event begins Friday, October 24, with a private preview for the Realtor community. On Saturday and Sunday, October 25 and 26, the public is invited to join the release party festivities. 

According to Suzanne Cash, on-site Realtor for Cape Sound, both the family-friendly event and the units’ low pricing are unprecedented. “This is an incredible opportunity to purchase an Amelia Island condo at close out pricing — below the builder’s cost and at bank minimums,” she said. 

In addition to the release of the latest phase of the community, which includes the property’s most desirable units on the lake, the project developer also announced that select residences in Cape Sound’s first two phases are available at new close-out prices below builder cost for buyers and investors seeking value in Amelia Island real estate.  Read more →