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Gulf Shores Investors
I will find the right opportunity for you to purchase investment condos
at your price -
on your terms!!!
Gulf Shores is currently in a buyers market, and it is my top priority to keep my clients informed and educated on the ever changing resort real estate market.
Four reasons spring to mind why you would want to purchase a 2nd home: finances, fun, family and the future.
Investors purchse condos in Gulf Shores and Orange Beach AL due to the following advantages.
1. Property taxes in AL are extremely low, 1/4 of what you would pay in Florida.
2. Gulf Shores and Orange Beach AL are established vacation destinations.
3. Beachfront property, especially condos, can be purchased for less than $280 a square foot. Condominiums that are not beachfront can be purchased for much less.
4. The building codes for the Alabama Gulf Coast are very strict. All new construction, beginning in the year 2000, must conform to Miami - Dade hurricane codes.
5. The cities of Gulf Shores and Orange Beach continually strive to create a family oriented vacation destination that lures visitors to the Gulf Coast, therefore maintaining a steady rental income.
6. Gulf Shores and Orange Beach are easily accessed from Texas, Louisiana, Mississippi, Georgia, Tennessee, Kentucky and many other states within 8-10 hours of driving travel time.
7. The Gulf Coast has experienced a price correction thus creating a buyers market. During a buyers market is the best time to purchase and the wrong time to sell.
From Housingwatch.com - Why should you purchase a 2nd home or investment property?
If you already own a house, you probably have a pretty good idea about the rights, responsibilities, and financial obligations of homeownership. And if your experience as a homeowner has been a generally positive one, you might have toyed with the idea of buying a second piece of property.
Why should you consider buying a second home? Four reasons spring to mind: finances, fun, family and the future.
A rental property can boost your finances, giving you cash flow each month. A vacation home can be loads of fun, serving as a nice getaway spot for you and your loved ones. Many people buy property for family members, too, including investment buildings that are rented out and later sold when their heirs come of age. Lastly, you can buy a second home for your golden years, locking in your future retirement home at today's prices.
Oh, and there's one other reason to purchase a second home sooner rather than later: With the soft real estate market nationwide, right now you can get a real bargain on a home.
Of course, purchasing a house is a huge financial commitment, and one that shouldn't be taken lightly. So here are some pointers to keep in mind if you do decide that a beautiful beachfront residence or even a cozy cabin in the woods is in your future.
Location, Location, Location
We've all heard the real estate maxim that location is everything. Well, that truism is especially important when it comes to buying a second home.
Nobody buys property with the expectation that it will decline in value. Unfortunately, however, that's a fate that can happen if you're not selective about where you purchase. To increase your odds of having great resale value, stick to properties in popular areas, like near beaches, lakes or mountains.
What is the GO Zone Act of 2005?
The Gulf Opportunity Zone Act of 2005 is federal legislation that was passed by Congress and signed into law by President Bush in December of 2005. This legislation provides for Federal Tax Incentives to areas affected by Hurricanes Katrina, Rita, and Wilma that were designated as warranting individual or public and individual assistance.
Allows 50% Bonus Depreciation within the Zone. This incentive allows businesses to claim an additional first-year depreciation deduction equal to 50% of the cost of new property investments made in the Zone. This depreciation allowance applies to software, leasehold improvements, and certain equipment and real estate expenditures. Property must be used in the active conduct of a trade or business. All depreciation deductions would be exempt from Alternative Minimum Taxes. This provision applies to property placed in service through December 31, 2007, or December 31, 2008 for real property.
Please contact a tax attorney or CPA to learn about the tax benefits when purchasing a new condo in Gulf Shores / Orange Beach AL.
 I will keep you up to date on great deals, opportunities and market changes in our resort area.
You will be contacted by e mail or phone, whichever you prefer.
Bi-monthly newsletters to keep you on the inside track.
Up to date pre-sale opportunities
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