Monday, November 22, 2004

Sugar Springs - Quest for Quality Waterfront Lots

Waterfront lots in Sugar Springs Michigan and beginning to become something of an endangered species. Of course, there are still some out there, but they are becoming rare. Most of the choice lots have either been built on or are not currently on the market to purchase. Because of this, prices have skyrocketed!

I've noticed a trend in the past couple of years. Lots that had sold for $90,000 in 2002 are selling for $130,000 and up, today. One lot on main Lake Lancer sold for a whopping $200,000 this past September! Currently, there are two choice lots for sale from $189,900 to $240,000. Both of these lots are located on Lake Lancer. Other lots on the main Lake Lancer are going for $135,000 and up. Lots on channels are averaging $79,900 to $98,500.

Currently, there are no available lots for sale on the smaller lake (Lake Lancelot). The only lot for sale this fall on the main Lancelot is currently pending sale.

So, if you're looking for a waterfront lot in Sugar Springs in the near future, you'll want sign up for my auto email service at and get alerts when new listings become available. I've also recently written all of the waterfront lot and home owners, letting them know that I have several buyers looking for lots or waterfront homes. I've already gotten a few responses. Some many not list or offer them up for sale until after the first of the year or spring.

Also, for a list of Sugar Springs lots currently for sale, please visit

Housing Boom to Roll on for Years

According to TAMU Real Estate Center's News Release No. 66 At the beginning of the 20th century, less than half of all Americans owned their own homes. Today, low interest rates have pushed homeownership rates to a record 68 percent, and that figure is still climbing. Experts say it will exceed 70 percent by 2013. ... Millions more new homeowners are coming down the road. As many as 1.63 million new households could be formed every year for the next decade. That translates to 2.17 million new homes needed annually Wow!

Exchanging Real Estate Tax Free

Take a look at The Tax-Free Exchange Loophole : How Real Estate Investors Can Profit from the 1031 Exchange by Jack CummingsRealty Barron talks about how you can Exchange Real Estate Tax Free using 1031 exchange. The claim " can keep you from losing tens or hundreds of thousands of dollars in unnecessary taxes and loss of growth. ... The 1031 exchange is named after section 1031 of the IRS tax code. Basically, it allows you to exchange an existing investment property for a different investment property without having to pay capital gains taxes on the transaction. This applies to any investment property including rental houses, raw land, business property, commercial real estate, condos, apartments, etc. .. You can roll the profit from the sale of an existing property into the purchase of the next. Not only does this save you from having to pay capital gains taxes in the short-term, it can also preserve the ability of appreciated property to receive a step-up in basis at death which can eliminate those taxes altogether" Worth keeping in mind ...

Friday, November 12, 2004

Good Books

Download - Dowloandable ebooks include:
Download and read on the go ... Buy, Rent and Sell: How to Profit by Investing in Residential Real Estate by Robert Irwin, [A guide to making profitably residential real estate investments, offering strategies real estate professionals have been using for years.

Offers tips for those looking for a quick return, as well as those who would like a source of long-term income and growth investment, showing how to save on taxes and other expenses], Real Estate Loopholes: Secrets of Successful Real Estate Investing by Robert T. Kiyosaki (Foreword), Diane Kennedy, Garrett Sutton, The Complete Book of Home Inspection [ADOBE READER] by Norman Becker (if you're starting out, this one is especially worth having on portable device, to allow you easy reminders of what to look for as you inspect or look over properties ... of course ASHI inspectors would want to supplement this with more elaborate Home Inspection resources like Home Inspection: A Guide for Professionals by Marcia Darvin Spada -- which "takes you step-by-step through the entire process of home inspection following the most current guidelines established by the American Society of Home Inspectors, Inc").