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About Orlando and the Central Florida Area
Orlando’s great location at the center of the sunshine state makes it one of the most desirable areas to live. The city is about the same distance from the Atlantic and Gulf Coasts. It's about an hour's drive to Cocoa Beach, and a little under a two hour drive to Tampa. Along the East Coast you can watch many car races at Daytona Beach’s International Speedway, observe the Space Shuttle blast off to space at Kennedy’s Space Center, or just catch some waves in Cocoa Beach. In the Gulf Coast, you'll find pearl-white sandy beaches, Busch Gardens theme park, and Ybor City’s exiting nightlife.
There's much more than just Disney World, Sea World, and Universal Studios. Golfers will find more than 125 golf courses in Central Florida. Orlando is home to many leading professional golfers and some of the country's leading golf schools. Golf courses such as Arnold Palmer's Bay Hill Country Club, Isle Worth Country Club, Lake Nona’s Golf Club, Heathrow Country Club, and Timacuan’s Golf Club provide fine golfing and instruction.
The nightclub scenery is easy to find in downtown Orlando as well as other popular areas as Winter Park and Lake Mary with exquisite dining, popular nighttime entertainment, shopping and movie theaters . You can visit Pleasure Island’s in Downtown Disney the famous BET Soundstage and a variety of other nightclubs, then celebrate New Year’s every night with a spectacular show!
Orlando is only 3.5 hours to Miami Beach that is one of the most popular area for visitors, with its many hotels including many restored art deco masterpieces in the South Beach area. Originally made of sand dredged from the bay, Miami Beach is now a long sandbar, lined with hotels, restaurants, and shops.
Orlando and Kissimmee are one of the world's greatest travel destinations. More than 35 million people visit our area every year. No wonder why the greatest attractions, beaches, and events make Central Florida a great place to visit and live!
For more helpful information on the Orlando and Kissimme areas, click one of the links below!
City of Orlando
City of Kissimmee
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Tax Considerations >New 1031 Exchange Rules
One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.
A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.
Consult your tax advisor for more detailed information.
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| Q |
Where would you go to enjoy a soak in the world's largest bathtub?
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| A |
The Spa Resort Hawaiians in Fukushima, Japan, offers an outdoor soaking tub that occupies a total area of 10,760 square feet and can accommodate 1,500 persons at one time. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
