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
I hear many people tell me that 1031 Exchanges are too complicated, and my reply is they certainly can be if they’re not planned for properly. It is true that the exchange process can be daunting as it requires full adherence to a specific list… Read More »Myths Debunked! – 1031s Are Too Complicated
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
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!