sell: 1031 Tax Exchange - 02/22/12 11:45 PM
1031 investment property is real or personal property held for the proper intent as defined by Internal Revenue Code § 1.1031. 1031 exchanges allow the owner to indefinitely defer the federal and state capital gains and recaptured depreciation taxes triggered when the property is sold and replaced with like-kind property. Taxes are due when the replacement property is sold or deferred in another 1031 exchange.
Proper Intent The proper intent is “property held in a trade, business or investment.” Facts support the proper 1031 investment property intent such as:
hold time rental history minimal personal use history of purchase and sales, … (0 comments)

sell: Article 10 Code of Ethics - 01/30/12 02:50 AM
I locally teach Fair Housing Rules to newREALTORS©.  It is a subject near and dear to me.  It is always worth reviewing these rules as written and amended on January 1, 2011.
REALTORS© shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, national origin, or sexual orientation.  REALTORS© shall not be parties to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status, national origin or sexual orientation.

Kelly Klein, Lifeguard Real Estate, Inc.  Broker / Owner
(3 comments)

sell: Bay County Florida ~ Ends Year with Sales UP - 01/12/12 03:18 AM
What a great way to end the year.  Bay County Florida is home to Tyndall Airforce Base located in Panama City Beach, FL.  Sales Trends are showing signs of growth.
Total Single Family Homes were up 16.62% for the year over last year's numbers.
Condo Sales were way up with an increase of 23.68% for the year.
Lot Sales were up slightly at 3.78%.
The best news is that the number of foreclosures are dropping significantly and were down 39.44% for the year over last year.
With inventory depleting, rising prices will surely follow. 
I work exclusidvely for buyers like yourself … (1 comments)

sell: Okaloosa County, FL ~ December 2011 Sales Activity - 01/11/12 12:59 AM
More good news along the Panhandle.

Okaloosa covers cities like Ft. Walton Beach, Crestview, Niceville, and Destin, FL.
In the month of December Total Single Family Home sales were up 16.83% over December 2011.  For the year, Home Sales were up by 20,56% for the year.  To top this news, NEW HOME SALES were up 41.48% for the year and this is great news for our local economy.  Home building and related services feed the employment numbers in the County.
In the condo/townhome category for the month of December sales were slightly down by 6.19% as compared with December of … (2 comments)

sell: Beautiful Last Day of the Year - 12/31/11 02:20 AM
Ah, I couldn't have asked for more.  It is just beautiful here today.  I hope your last day of your year is spent reflecting on all of the good that you had this past year.  We all have so many things to be thankful for.  Even the smallest things, like my fingers that are typing this note right now, or my eyes that are reading this.  Take time to reflect on the good and wish for more good in the year to come.  Happy New Year from Lifeguard Real Estate !

Planes over the Destin Harbor.  Happy NEW YEAR!!!!!!
(5 comments)

sell: Be careful of Mixed Use - 11/17/10 11:42 PM
Mixed Use is the use of real property for more than one use, such as a condominium building that has residential and commercial units both.  It could combine retail, office and residential, or industrial, office and residential.
In Florida, many of the condos are in mixed use buildings.  Although at first this seems like a great idea.  For instance, need lunch?  Just go downstairs to the local sandwich shop.  However, you will soon find that there are wrappers and left over coke cans in your parking lot that you are now picking up and taking care of just to keep your … (3 comments)

 
Kelly Klein, "Doing Great Things Today to Improve Tomorrow" (Berkshire Hathaway HomeServices | Pen Fed Realty) Rainmaker large

Kelly Klein

"Doing Great Things Today to Improve Tomorrow"

Santa Rosa Beach, FL

More about me…

Berkshire Hathaway HomeServices | Pen Fed Realty

Address: 207 Betty Street, Santa Rosa Beach, FL, 32459

Mobile: (850) 420-2480

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