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