Experienced investors know to contact me directly every November for information regarding property sales statistics, rental market statistics and commercial investment market.

However, new investors or those unclear or unaware of the process of 1031 exchanges often miss opportunities.

For those customers who are unaware of what a 1031 exchange requires please visit my 1031 Exchange investor information page for reference or contact me directly.

Here are just a few items to consider for 1031 exchanges:

• Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties.
• Interest rates and prices for properties are at the lowest they’ve been in years.
• The current Panama City and Panama City Beach Real Estate markets have good commercial, residential and condo opportunities for those in the market for investments or in need of 1031 exchange opportunties.
• More than 1 like-kind property can be used in a 1031 exchange
• All the equity received from the sale, of the relinquished real estate property, must be used to acquire the replacement, “like kind” qualified property.

When you need more information on Panama City Florida Real Estate and 1031 Tax Exchanges, contact me or call me directly (850) 774-6582.

Put my experience to work for you!

Owners, put my technology to work for you.  If you are interested in selling your home or condo, contact me today (850) 774-6582 for a free no obligation Home value report.

Buyers, when you’re ready to purchase a Panama City Beach Gulf or Bay front condo for your vacation home, contact me directly (850) 774-6582 for the latest information and pricing on any of the Panama City Beach condos for sale.

Jennifer Mackay
850-774-6582
Florida Real Estate | Panama City

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Selling absolute – 1,100 +/- Acres in Panama City consisting of 10 tracts and 8 lots and a Home.

The Property Address for this auction is: 4716 Halcyon Drive, Panama City, FL, 32404

Date and time: Saturday, Aug. 8, 2009, 11:07AM CST
Location: Hilton Garden Inn, 1101 N. HWY 231, Panama City, FL 32405

Details of this auction are as follows:

• 3 BR/2 BA open floor plan locate across the Street from Deer Point Lake
• 2,570 ± Sq. Ft.
• Built in 1997
• Large 112 x 200 lot
• Kitchen updated in 2008 including granite counter tops
• Separate breakfast and formal dining rooms
• Fireplace in family room
• 20×12 Florida room with tile floors
• Wood vaulted ceiling
• 16 x 15 master bedroom
• Master bath features separate shower, garden tub with whirlpool and walk-in closet
• Rear deck
• Two car garage
• Detached 20×20 garage/workshop with A/C and 200 amp service
• Additional covered parking – perfect for boat or RV
• Located within mile of public boat ramp and excellent fishing
• 2008 Taxes: $2,665.36
• 2008 Insurance: $2,844.68

Tract and Lot information:

• Tract 1: 49 ± Acres
• Tract 2: 50 ± Acres
• Tract 3: 44 ± Acres
• Tract 4: 27 ± Acres
• Tract 5: 202 ± Acres
• Tract 6: 205 ± Acres
• Tract 7: 167 ± Acres
• Tract 8: 96 ± Acres
• Tract 9: 120 ± Acres
• Tract 10: 179 ± Acres

Tracks and lots are accessed via road frontage or deeded driveways.

If you’d like to register for this auction or have one of the Panama City Real Estate Team members represent you at the auction, please contact me directly 850-774-6582.

All measurements are approximate, bidders are to verify as necessary. This information has been provided by the auction house and is deemed reliable but not guaranteed.

Buyers are recommended to verify all pertinent information before purchasing or bidding on real estate auctioned properties

For additional information, contact me directly…

Jennifer Mackay
Panama City Real Estate
850-774-6582
www.jennifermackay.com

Sign up for my Panama City Florida Real Estate Auction alerts and stay ahead of the crowd!

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In another article, Pat Kelly of the News Herald reports on the progress and movement of various occupants over to the new terminal and airport.

Read the full article here.

Space also is being allocated for a Bay County Chamber of Commerce Business Center and the Bay County Tourist Development Council, said Randy Curtis, executive director of the Panama City-Bay County International Airport, which is moving its operations to the new site.

As we move ever closer to the opening of the new Panama City – Bay County International Airport, we are seeing quite a bit of movement and interest in the local real estate market.

If you’ve been waiting to invest in Panama City Florida real estate, future delays may impact your ROI significantly.

Contact me today.  The Panama City Real Estate Team and I are here to help you obtain the most value and profit for your Florida real estate investment.

Jennifer Mackay
850-774-6582
www.jennifermackay.com

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Island Reserve – 8700 Front Beach Road • Panama City Beach, FL 32407

On Saturday, May 16, 2009 at 12:00 PM CDT, 233 Condos & 24 Townhomes will be auctioned to the highest bidder. 100 of thes units will be selling as ABSOLUTE!

From 1 bedroom studio units to 4 bedroom townhomes, this should be a very exciting auction.

While Island Reserve is a well kept secret (perhaps why not many units have sold on market), this could be a very good opportunity to obtain condos at some fairly good prices.

For additional information, contact me directly…

Jennifer Mackay
jenniferim@jennifermackay.com
850-774-6582
www.jennifermackay.com

Sign up for my Panama City Florida Real Estate Auction alerts and stay ahead of the crowd!

Investing in Panama City Florida Real Estate

Many of my visitors have commented on my real estate articles.  These articles are not only found on the many article sites as well as my own, but also can be found in several publications.

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Interest rates and prices for properties are at the lowest they’ve been in years. The current Panama City and Panama City Beach Real Estate markets have good commercial, residential and condo opportunities for those in the market for investments or in need of 1031 exchange opportunties.

1031 tax deferred property exchanges are exchanges in which capital gains tax deferral is available to real estate owners who sell their investment, rental, business or vacation real estate, and reinvest the net proceeds in other qualified real estate. Real Estate held for these purposes are called like-kind/1031 properties.

Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties. 1031, or tax-deferred, exchanges hold great advantages for both investors and Real Estate owners.

Here are several important factors and considerations for 1031 exchanges:

• There are two import 1031 Exchange periods that must be adhered to:
  1. Identification period – This is the period during which the party selling a property must identify other replacement properties that the seller proposes to buy. This period is scheduled as exactly 45 days from the day of selling the relinquished property.
  2. The Exchange Period: This is the period within which the party who has sold the property must receive the replacement property. This period ends at exactly 180 days after the date on which the party transfers the property relinquished or the due date for the person’s tax return for that taxable year in which the transfer of the relinquished property has occurred, whichever situation is earlier.
• Only qualified properties may be considered in a 1031 exchange
• The 1031 Exchange may include more than one qualified property.
• The total purchase price of the replacement “like kind” qualified property must be equal to, or greater than the total net sales price of the relinquished property.
• All the equity received from the sale, of the relinquished real estate property, must be used to acquire the replacement, “like kind” qualified property.

When you need more information on Panama City Beach Florida Real Estate and 1031 Tax Exchanges, contact me or call me directly (850) 774-6582.

Put my experience to work for you!

During the online auction at LFC Online, buyers will have the opportunity to bid on one or all three of the available properties:

Concord – Located in Gadsden County

Sabal Island – Located in Port St. Joe

Brewton Lane – Located in Bay County

Brewton Lane, located along Deer Point Lake,  is approximately 29.5 acres of residential property zoned for about 50-60 lots.  The lake, which covers about 5,000 acres, offers recreational activities like swimming, fishing and boating. The property is conveniently located less than 15 miles from Panama City, near shopping, dining, schools and an international airport, making it a perfect place for future high-end residential development.