**Greetings from Branon Edwards and Jelena Panfilova
from Coldwell Banker in Sunny South Florida!

We hope this email finds you and yours well and enjoying a beautiful summer.
July is full
of fireworks, barbecues, and lazy days at your favorite swimming hole... even if
it might be
the clear blue Atlantic Ocean. Of course, July is also when tropical storms
usually start
becoming hurricanes. Our side of Florida was essentially unaffected by
Hurricane Dennis
aside from a few days of rain and some gusty winds.

Jelena and I just returned from a wonderful trip visiting her family in Estonia.
We timed
our trip to coincide with the 'White Nights' which happen each year in May. If
you've never
experienced 24-hour daylight, it's quite a spectacle. It was truly odd to be
walking the
streets of Saint Petersburg, Russia at midnight with the sun overhead as if it
were noon.
Amazing!

By the way, Jelena and I were featured on the front cover of
Florida Realtor Magazine's May Issue: http://www.planetrealtor.com/Florida/
FLRealtorMagazine/CovSalesFarms.cfm

As promised in our last newsletter about Florida real estate taxes, this
newsletter will
discuss the 1031 Tax Deferred Exchange. I know, it already sounds like one of
those
complicated government loopholes, but don't worry, we're going to break things
down to a
less-governmental level so it's not quite so scary.

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CONGRATULATIONS to the following customers:

Jimmy and Claudia from Miami for purchasing a beautiful 5-bedroom lakefront home
in
Three Lakes and for selling their home in Country Walk.

David and Rocio from Cape Coral for purchasing a 4-bedroom pool home in Country
Walk.

Juan from Miami for purchasing a lovely 4-bedroom home in Palmetto Bay.

Igor and Svetlana from Brooklyn for purchasing an intracoastal-front condo in
Aventura.

Jorge and Angeles for renewing their lease in The Towers of Key Biscayne.

Jill from Weston for leasing a bayview condo at The Mark on Brickell.

Ryan from Miami for leasing a beachfront condo in The Wave on Hollywood Beach.

Tom and Susie from Miami for purchasing a building lot in Silver Springs Shores
near
Ocala.

Acya and Chris from Miami for purchasing a condo conversion unit in Treasures on
the
Bay.
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What is 1031 Tax Deferred Exchange anyway??
The 1031 tax deferred exchange is also referred to as a Starker exchange, a
like-kind
exchange, a like-kind swap, a real-estate swap, real estate exchange, delayed
exchange,
simultaneous exchange, construction exchange, improvement exchange,
multi-property
exchange, multi-party exchange, and sometimes even a 'starker' - in honor of
T.J. Starker,
whose pioneering lawsuits give us the advantages we enjoy today through Internal
Revenue Code (IRC) 1031.

No matter how you refer to it, a 1031 Tax Deferred Exchange can be an investor's
best
friend.  The IRS rules allow real estate investors to defer paying taxes on
qualifying
'exchanges' provided the investor meets a few criteria and uses a qualified
intermediary
(sometimes called a facilitator or accommodator.)

-----------------------------------------
CURRENT LISTINGS:

FOR SALE: Plaza on Brickell - Preconstruction
2-bedroom/2-bath, 1180 sq ft + 148 sq ft balcony - D unit in the first tower for
resale.
West view overlooking Brickell Avenue. Asking $530,000 with 20% down. Price
somewhat
negotiable with 48% down.

FOR RENT: 2080 S. Ocean Drive, Penthouse 9
http://www.InvestFloridaRealty.com/rental/hallandale-beach.htm
Luxuriously furnished 2-bedroom/2-bath beachfront condo in Hallandale Beach.
Available
turn-key furnished monthly from $3500.

FOR RENT: 1183 Mahogany Lane, Weston
http://www.InvestFloridaRealty.com/rental/weston.htm
Gorgeous 5-bedroom two-story home with fenced yard, pool, and 2-car garage in
gated
community with A-Rated schools. Available for annual, unfurnished rental at
$2,950 per
month.

FOR RENT OR SALE: 3030 Collins Avenue, Penthouse 4-H
http://www.InvestFloridaRealty.com/rental/madison.htm
Recently renovated 2-bedroom/1-bath condo across from the beach in the Madison
Condo with partial ocean views. Tile, stainless steel appliances. Available
unfurnished for
$1400/month. Owner may consider sale for $279,000.

UNDER CONTRACT: 15435 SW 141st Terr
http://www.InvestFloridaRealty.com/listings/countrywalk.htm
Two-story 4-bedroom/3-bath pool home with 2-car garage in Country Walk area for
$375,000.

FOR SALE: Waterfront Building Lot in Punta Gorda Isles
http://www.InvestFloridaRealty.com/listings/pgi.htm
$944,000 - huge vacant building lot (0.46-acre) in exclusive Punta Gorda Isles.
Nearly
one-half acre with 50-ft seawall and direct Gulf sailboat access. New concrete
boat dock -
lot cleared and ready to build your 3-car garage pool home with beautiful sunset
views
overlooking a wide basin.

FOR SALE: 0.64-Acre Building Lot in Silver Springs Shores, Ocala, FL
Huge 0.64-acre building lot in the Sequoia section of Silver Springs Shores,
about 20
minutes Southeast of Ocala. The lot has a utility easement running along the
rear of the
property, but there is still plenty of room to build your dream home or hold for
investment. Asking $75,000. Recent survey available.

FOR SALE: Vacant Building Lots in Ocala, FL.
http://www.InvestFloridaRealty.com/listings/ocala.htm
Beautiful single-family homesites in Silver Springs Shores, a growing area of
Ocala. Lots
from $30,000 and rising quickly. Email us for the latest lot lists.
-----------------------------------------

What or Who is a Qualified Intermediary?
A qualified intermediary is simply a company that is registered with the
government and
that has expertise in the exchange process. Coldwell Banker's sister company,
Mid-
Exchange Inc, is a qualified intermediary. Starker Services is another
qualified
intermediary - if the name sounds familiar, yes, they're related to T.J.
Starker, the 'father
of the 1031'. Simply put, qualified intermediaries handle the actual exchange
and work
with the title agency or closing agent to make sure all the paperwork is
completed
correctly. They charge a reasonable fee for these services - generally less
than $1,000 per
transaction.

-----------------------------------------
B A L H A R B O U R U P D A T E

HARBOUR HOUSE IN BAL HARBOUR by Related Group
http://www.InvestFloridaRealty.com/preconstruction/harbourhouse.htm
Ready to Sell! Prices from over $600 to $900 per square foot.
Beautiful condo conversion on the beach in exclusive Bal Harbour. Friends and
Family
pricing available to select customers. Studios from $400,000, 1-bedrooms from
$700,000, and 2-bedrooms from $900,000. Requires $50,000 to reserve with a total
of
10% within 15 days. Additional 10% within 60 days.
Renovation should take approximately one year to complete - closings
Spring/Summer
2006.

COMING SOON from Related Group:
ST REGIS IN BAL HARBOUR - to be built on the Sheraton Bal Harbour Site.
Exclusive luxury beachfront condominimums.
Prices from over $650 per square foot.
-----------------------------------------

WHO SHOULD USE A 1031 EXCHANGE?
Any real estate investor who is contemplating buying or selling an investment
property.

PROPERTIES THAT MAY QUALIFY FOR A 1031 EXCHANGE:
Apartment
Duplex
Triplex
Fourplex
Rental House
Commercial Property
Unimproved Property, Land, Vacant Lots
Multiple Properties
30-Year Leases

PROPERTIES THAT *DO NOT* QUALIFY FOR A 1031 EXCHANGE:
Primary Residences
Vacation Homes
Second Homes
Stocks, Bonds, or Notes
Stock in Trade or Other Property Held Primarily for Sale
Other Securities or Evidence of Indebtedness
Certificates of Trust or Beneficial Interest
Partnership Interests
And a few other exclusions

About 1031 Tax Deferred Exchange
Tax deferred exchanges have been around since the 1920s, but became more
accessible
to investors in 1979 following several court cases, thanks to T.J. Starker.
 Following those
court cases, a 1031 exchange became far less complicated and certainly more
'popular'.

-----------------------------------------
WANT TO BUY PRECONSTRUCTION...
BUT DON'T WANT TO WAIT 2 YEARS TO MOVE IN?
The Related Group has a number of projects that will be delivered later this
year...

THE LOFT DOWNTOWN by Related Group
Located in the heart of Downtown

Current Resales: (subject to change)
Unit 2203, A2 Model, 685 sq ft, $265,000
Unit 1604, A5 Model, 784 sq ft, $267,000
Unit 906, A4 Model, 738 sq ft, $269,000
Unit 2108, A3 Model, 712 sq ft, $269,000
Unit 1406, A4 Model, 738 sq ft, $275,000
Unit 2006, A4 Model, 738 sq ft, $290,000
Unit 202, B2 Model, 1078 sq ft, $297,000
Ready Late 2005. Prices are with 20% Down.

----

ONE MIAMI by Related Group
Located Downtown ON THE BAY

Current Resales: (subject to change)
Unit 512-East, C3 Model, 1250 sq ft, $550,000
Unit 412-East, C3 Model, 1250 sq ft, $600,000
Unit 909-South, A1 Model, 1792 sq ft, $799,000
Unit 609-South, A1 Model, 1792 sq ft, $862,000
Unit 2409-South, A1 Model, 1792 sq ft, $925,000
Unit 3809/3812, A1 Model, 3209 sq ft, $1,799,000
Ready Late 2005. Prices are with 20% Down.
-----------------------------------------

LIKE-KIND PROPERTIES
Many people mistakenly believe that by using a 1031 exchange, the exchangor has
to
swap their property for a similar property at the same time.  In the old days,
that was the
case - corporations would literally trade one deed for another and the
properties truly did
have to be nearly identical.

HOWEVER, currently, the rules regarding LIKE-KIND are more concerned with the
intent of
the investor moreso than the property itself.

Just SOME Possible Property Exchanges
Vacant Land <--> Single Family House
Rental House  <-->  Rental Condo
Rental Condo  <-->  Retail Center
Duplex <-->  Triplex
Apartment Building <-->  Office Building
Office Building  <-->  Vacant Lot

With 1031 exchange, a real estate investor can exchange a vacant lot for a
rental condo, a
rental house for a shopping center, a rental condo for a vacant lot, a shopping
center for
an apartment building, and just about any other combination you can imagine.
 With a
properly structured 1031 tax deferred exchange, an investor can actually
complete the
transaction without paying any capital gains tax at all.

-----------------------------------------
THINKING ABOUT BUYING OR SELLING REAL ESTATE?
We are full-service real estate professionals with Coldwell Banker, the nation's
largest real
estate firm. We are one of the few agent teams in the area who will actually
give you a
Written Guarantee of our services.

For more details, please visit our website:
http://www.InvestFloridaRealty.com/guarantee.htm
-----------------------------------------

WEIGHING THE OPTIONS
Right now, you may be imagining that the process is way too complicated to be
worth it.  
Or perhaps that the process must be terribly expensive if it will save you tens
of thousands
(in some cases hundreds of thousands) of dollars.  However, it's really not
complicated at
all and it's less expensive than you can possibly imagine (typically less
than$1,000
regardless of the cost of the property).

We can help you buy or sell real estate using the 1031 tax deferred exchange.
 The best
part is that the process is simple and we will help you every step of the way.

-----------------------------------------
THE PLAZA ON BRICKELL by Related Group

Current Resales: (subject to change)
851 Building
Unit 1602-North, B Model, 739 sq ft, $299,900
Unit 2303-South, B Model, 739 sq ft, $333,900
Unit 4301-South, A Model, 847 sq ft, $427,900

901 Building
Unit 305-West, C Model, 1209 sq ft, $439,900
Unit 1810-East, F Model, 1400 sq ft, $648,900
Unit 1510-North, F Model, 1398 sq ft, $654,900
-----------------------------------------

READY FOR 1031?
If you or anyone you know is considering selling an investment property, please
give us a
call or send us an email. We'll be happy to help you determine whether or not a
1031 Tax
Deferred Exchange makes sense for your particular situation. Of course, nothing
replaces
the advice of a good CPA - who else knows your financial structure better than
your
accountant?

As always, thank you for the opportunity to earn your business. We consider
referrals to
the most sincere compliment we can receive. Thank you in for your trust.

All the best,

--Branon A. Edwards, Licensed Florida Realtor®, ePRO
--Jelena Panfilova, Licensed Florida Realtor®

Branon Direct: 786-417-4910
mailto:Branon@...

Jelena Direct: 786-417-4911
mailto:Jelena@...

Our Private Fax: 786-524-5747

VISIT OUR WEBSITE:
http://www.InvestFloridaRealty.com

---- Office Information ----

Coldwell Banker® Residential Real Estate, Inc.
328 Crandon Blvd, Suite 127
Key Biscayne, FL 33149 USA

Mortgage Financing? Same Day Approval.
Call Toll Free - 1-866-495-1095