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$75,000 Surrounded by trees!

Photo of 412 Mason Ranch, Georgetown, TX, 78628.

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Address: 412 Mason Ranch	City/ST: Georgetown, TX	Zip Code: 78628
Location: River Chase in Georgetown Texas	Property Type: Land	New or Resale: Resale
MLS# 3287987

River Chase in Georgetown Texas is also located within 5-15 minutes to the following:

Major Medical Centers: Seton Medical Center, Scott and White Healthcare and St. Davids Georgetown Hospital

Major Shopping: Wolf Ranch, Walmart/Home Depot, Round Rock Premium Outlets and the Ikea shopping plaza

Higher Education: Southwestern University, Texas State University

Recreation: Lake Georgetown, San Gabriel Park, Georgetown Recreation Center and several golf courses

Last Updated: 7/19/2010 2:46:35 PM

Listing Agent and Office: Edward Lui, Mars Hill Realty Group

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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 in the United States will you find the largest concentration of million-dollar homes?
A	There are almost 314,000 million-dollar homes in the United States, and 41% of these are located in California.
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Edward W. Lui, REALTOR�, real estate agent and broker for Austin, Georgetown and Round Rock, Texas home listings, property and land for sale - NUMBER1EXPERT

Edward W. Lui
Mars Hill Realty Group
125 Village Park Dr.
Georgetown, TX 78633
512-554-9594
Fax: 815-346-5180
edwardlui@NUMBER1EXPERT.com
I am a Certified Negotiation Expert that will leverage my expertise and real estate knowledge for my clients. Call me today if you want full-service representation when buying or selling your home! I work in the Greater Austin, Texas market which includes: Pflugerville, Cedar Park, Leander, Liberty Hill, Hutto, Round Rock and Georgetown.

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