This Mobile Home Park at the Lake of the Ozarks boasts great income and a location and reputation that makes it easy to keep full.  The property sits on 20 acres, and is surrounded by trees.   Just a few miles from Bagnell Dam in Lake Ozark, this is close to area employment and future growth.  Call John Garrett Lake Real Estate Pros for more information at 573-480-6420.

EAGLE MOBILE PARK

My new real estate company is called Lake Real Estate Pros.   Maybe I took the Warren Buffet quote that everyone loves nowdays that says ““… be fearful when others are greedy and to be greedy only when others are fearful” a bit too seriously.   After 10 year at RE/MAX Lake of the Ozarks, it was time to make this move.   Lake Real Estate Pros is located across from JB Hooks on Bagnell Dam Blvd.   The address is 2221 Bagnell Dam Blvd Ste 400, Lake Ozark MO 655049.  John Garrett can be reached at 573-480-6420.

Prewitts Point Lake of the Ozarks located at the intersections of US Hwy 54 and Hwy 42 in the popular vacation destination Osage Beach, Missouri at the Lake of the Ozarks.   Current tenants include HyVee, Target, Pier 1 Imports, Petco, Steak & Shake, Maurice’s, Marshall’s, Lowe’s, Famous Footwear, Outback, Walgreen’s, Arris Pizza, Quizno’s, Patio Pleasures, West Marine.  This is a great location for your business.

Here`s your opportunity own your own office, retail shop, or whatever your needs may be. Stop paying a lease! Well constructed office suites in an ideal location in The Crossings Centre off of Bus. 54 and Hwy MM. Excellent exposure!!! Located right in the heart of Lake Ozark business district. Great traffic counts at a price that`s affordable! White box finish can be combined for more square footage. Ability to combine units for additional money.  Call John Garrett 888-322-1802.

Excellent investment opportunity! Location is the key! Brand new Villa`s with great floorplans, 3 bedrooms and 3 baths each, 2 car garages for each side and boat slips available. Community amenities available at The Palms Complex. Come and take a look today! Nothing else out there compares. Call John 888-322-1802.

$449,900  MLS#3049105

AWESOME commercial opportunity available now! Great visibility from the toll bridge and Business 54. Owner will subdivide. Prime 2+/- level to gentle acres with two access roads to property. Located in the heart of Lake Ozark business district.  This would make a great hotel site, additional land available.

Call John Garrett at 888-322-1802 for details.

Attention investors. Need a solid investment offering an ideal location for rentals Brand new built for low maintenance 4-Plexs. 3 Four Plexs being conveyed. Close to amenities, city park and pool and the school. Current management in place and numbers that work! Spacious floorplan offering 1410sq.ft. per unit: 5,640sq.ft. per bldg. 3 bedroom, 2 bath floorplans. Open living room, large master bed bath w/walk-in, double vanity sink, full laundry room and patios! Rentals are in Innovia and could be increased! Additional land can be purchased to build more 4-Plexs.

Everyone knows that we have a shortage of housing for the Lake of the Ozarks.   Call John Garrett today for more information on this property at 888-322-1802.

1031 exchange can be used for second homes, and on February 15 2008, the IRS finally gave some guidance on this with its “rev proc” or Revenue Procedure 2008-16 that clarifies this controversial matter.  I’ve contended all along it was possible, but it was really a guess on my part as to what would be safe and what wouldn’t.  Now, we can see some of the safe harbor guidelines that should put to be this issue finally, and allow this wealth building tool for Lake of the Ozarks property owners.

With Revenue Procedure 2008-16, the IRS will allow a vacation home to qualify for a Section 1031 exchange if the following conditions are met: For the relinquished property

• You have owned it at least 24 months before the exchange
• In each of the two 12-month periods prior to the exchange the property has been rented at fair value for 14 days or more
• The taxpayer’s personal use of the property during the prior two 12-month periods doesn’t exceed the greater of 14 days, or-10% of the number of days during the periods that the property is rented at a fair rental rate.

The part about at least 14 days on rental may trouble some, but think of the power of this for Lake of the Ozarks property owners that have highly appreciated waterfront homes and condos.  The average sales price of a waterfront home has increased 17.2 per year on average the last 5 years.  This opens up several interesting options, all of which end with either deferment of capital gains to a future date, or possible the complete removal of paying any gain on your Lake property!

Investors can exhale. Congress has passed and the President has signed the Tax Increase Prevention And Reconciliation Act of 2005. The new law extends the current long-term capital gains tax rates through the end of 2010. The maximum rate of 15% was slated to expire at the end of 2008 and revert to the previous 20% rate. They will hopefully make this permanent.