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Are You A Snowbird Shopping For A Real Estate Bargain?

Aventura Hotel Aims To Lure Snowbirds Shopping For Real Estate

The Fairmont Turnberry Isle Resort & Club in Aventura, FL is offering a package aimed at snowbirds shopping for real estate bargains this winter.  The “Future Floridian” package includes:Turnberry Isle Golfcourse

  • a “preferred list of Realtors”
  • a city of Aventura guidebook
  • GPS to navigate South Florida’s residential communities
  • foot massages at the resort spa
  • hotel accommodations

Package holders that end up buying a home also receive:

  • a Florida welcome gift
  • a resort stay discount for “future house guests”
  • a $3,000 spending credit with the purchase of a membership at Turnberry Isle Resort & Golf Club

The rate, based on a 2-night minimum stay, starts at:

  • $839 from October 1, 2009 – December 18, 2009
  • $1,389 from December 19, 2009 – January 4, 2010
  • $1,019 from January 5, 2010 – April 30, 2010

For more information on real estate bargains contact me at (305) 329-4929 or solovay.m@ewm.com

Written by Michael Solovay | Discussion: No Comments »

Consider Investing Your Retirement Funds In Real Estate

Retirement Planning:  Buy Real Estate in Your IRA

Investments

 

Most people do not realize that there is an IRS provision that let’s them use their Self-Directed IRA to purchase real estate. This can be an excellent way to invest in that foreclosure property you were interested in.   Remember, your investment grows tax free in an IRA.

What types of Real Estate can be used for IRA’s?      

  • residential
  • condos
  • multifamily units
  • land
  • commercial strip malls
  • hotels

Why have the IRA invest in Real Estate?

  • dissatisfaction with stocks & bonds
  • real estate is a tangible asset
  • real estate produces rental income which is tax free until distribution
  • great appreciation at this time with foreclosures & REO’s

Yes, you can hold property in your retirement account, but there are many rules so be careful.  A mistake can turn into a tax disaster.  Be sure to follow Self-Directed IRA rules. You have to get your dollars from your retirement custodian (probably your broker) to an independent custodian that offers real estate as an investment option. 

While real estate isn’t appropriate for everyone’s retirement account, it should at least be looked at as another option in retirement investment alternatives. Consult with an expert in the field.

For more information please contact me at (305) 329-4929 or solovay.m@ewm.com.

Written by Michael Solovay | Discussion: 9 Comments »

What’s “The Point of Aventura?”

Aventura is an upscale community located on the Intracoastal  midway between Miami and Fort Lauderdale.

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The Point is located within The Waterways, an exclusive 176-acre waterfront community.  There are 5 highrise towers and 60 waterfront courtyard homes.  Near every business, cultural, entertainment and sporting center that South Florida has to offer, The Point is one of the last private waterfront communities in Aventura.

The Point of Aventura

The Point of Aventura

At the center of The Point is the Residents Only Club & Spa.  This 25,000 square foot clubhouse is open to Point residents only and offers the following amenities:

  • a casual cafe
  • fully-equipped cardiovascular center
  • state-of-the-art weight training center
  • 1,500 sqare foot aerobics facility
  • men’s and women’s personal treatment rooms
  • separete men’s and women’s locker rooms
  • sauna, steam and whirlpool facilities for both men and women
  • outdoor Roman tub with waterfall
  • hair and nail salon
  • billiard room
  • garden room for additional entertaining
  • library for reading and relaxation
  • landscaped deck areas for outdoor socializing
  • access from all towers to the Club & Spa

The Point is considered one of South Florida’s premier communities.  The Point offers a

Read the rest of this entry »

Written by Michael Solovay | Discussion: No Comments »

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