| A major money maker these days is real | | | | When a close friend of mine ventured out |
| estate. If you have a chunk of extra cash, | | | | West, my first thought was, why? He was |
| it is certainly a great investment if you can | | | | craving the sunny beaches and abundance of |
| find the right area. A sure win nowadays | | | | amenities. It wasn't long after renting a |
| seems to be California. Everyone is always | | | | wallet-breaking apartment for several months, |
| flocking there for the year-round sun and | | | | that he decided to invest in some fine real |
| beaches. California real estate is a big | | | | estate. After doing some searching, he found |
| money-maker. If you're looking to invest in | | | | a small home that fit his price range. I |
| a home to make a nice profit down the road, | | | | have to admit, when he first described the |
| then certain areas of the sunny state should | | | | home to me, I wasn't that impressed. It |
| be considered. The prices always seem to do | | | | sounded like a lot of bucks for an average |
| nothing but rise. | | | | home. However, after a year had passed, he |
| | | | decided to sell the house. This is where the |
| What many may not realize though is that | | | | payoff was clear. To my surprise he made a |
| Section 1031 in the Internal Revenue Service | | | | whopping 50,000 dollar profit on the piece of |
| is a boon for a prospective investor, selling | | | | property. |
| an investment property and wanting to make a | | | | |
| profit by reinvesting in a similar property | | | | Whether you're looking to purchase a |
| elsewhere in the country. This wonderful | | | | permanent spot in California, or simply doing |
| concept works on the principle of gain | | | | some investing, it is good to check all the |
| rolling from the old to the new. A 1031 | | | | listings available. With the Internet, this |
| Exchange, like any real estate transaction, | | | | should be no difficult task. You just may |
| involves balancing competing pressures in | | | | find that diamond in the rough that's just |
| speed and quality. | | | | waiting to become a goldmine. |
| | | | |
| Prospects can be sorted through online. If | | | | Bear in mind prices vary by location, and the |
| you're moving to a specific area, there are | | | | perspective buyer or seller can do a great |
| websites to aid you in your search. You | | | | amount of research online before ever |
| primarily want to find a home that will | | | | enlisting the help of a professional realtor. |
| increase in value no matter where you decide | | | | For example, in southern California, it is |
| to live. Finding the best deals on | | | | possible to search tens of thousands of homes |
| California land options is easier than ever | | | | for sale in San Diego County alone in a |
| before. The majority of us, when searching | | | | variety of price ranges through the multiple |
| for a home, look for something that fits our | | | | listing service or MLS. |
| budget, but we also desire a safe | | | | |
| neighborhood. This can often be a difficult | | | | Several real estate publications are also |
| task. | | | | available and can be found in stands at many |
| | | | convenient locations throughout the state. If |
| Let's face it, you have to fork out the bucks | | | | you are interested in moving to a particular |
| to be safe these days. At least in the more | | | | city, you can also contact the local Chamber |
| urban environments. The Internet allows you | | | | of Commerce for information regarding the |
| to really narrow down your search for an | | | | city and the surrounding area. Historically, |
| ideal California home. This makes it that | | | | property values in California have been |
| much easier to stay within your price range. | | | | rising steadily, so why wait? |
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