This conversation follows all disciplines and has been for some time. Anytime anyone is considering a transaction involving real estate they should have their own qualified representation. With that said, a week doesn’t go by, where I learn about an investor who is in the… Read More »Hiring the Right Broker for a 1031 Exchange
The never-ending conversation about dual agency is always a fun topic to dive into as there are so many facets to consider but more so the stickier part which is can both sides be treated fairly or represented equally? Dual agency occurs when a real… Read More »Dual Agency and the 1031 Exchange Buyer
As you have seen by now, I am committing one of my two BLOGS per month to debunking the myths of the 1031 Exchange. If you search online, you’ll find more than 45 different myths. Yes, I have counted them all and I have the… Read More »Myths Debunked! – 100% of Your Proceeds From Your Sale Must Be Reinvested
This Month’s Myth: “The 1031 Exchange is only for Institutional Investors” Another myth that was more common 10 or more years ago yet I still hear people say this to me on a pretty regular basis. So many people are convinced that Article 1031 of… Read More »1031 Myths Debunked!
A successful 1031 Exchange requires the successful completion of a transaction that involves investment property that must follow certain guidelines, as well as be completed within multiple deadlines, otherwise the taxpayer will most certainly pay as much as 30% in capital gains taxes. That’s a… Read More »The Role of the Agent for a Successful 1031 Exchange
This Month’s Myth: “The 1031 exchange applies only to commercial property” This is one of the most common myths or misconceptions of Article 1031 of the Internal Revenue Tax Code that allows you to defer the taxes on capital gains when you exchange into a… Read More »1031 Myths Debunked!