1031 Exchange Experts is the leader of companies with information on the rules, requirements and guidelines of investment real estate, which are 1031 properties by definition.
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Nationwide, Toll-Free:
866-694-0204
Anytime, day or night, 24/7,
even weekends!
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 Joan:
Can I do a 1031 exchange with funds from a simultaneous close on a
new construction into another new development where I am putting 15%
down and it closes 18 months out? |
 1031
Gary: From your question, it doesn't appear that either
property meets the "held for investment" test - but it
might. Please call us and give us more details. |
| jack:
sold an investment property and using proceeds for 1031, but I need
a loan to cover rest of new purchase. Can I have cosigner on new loan
or will that threaten the 1031? |
 1031
Cody: Jack: having someone co-sign on the loan for your
replacement property doesn't add risk to your exchange, but be careful
because you must take title to the new property exactly how you held
title to your old property. Call us if you want more details. |
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  Featured
1031 property:
Need a replacement property for your 1031 exchange? Take
a look at this one in
Green Valley, Arizona
Located in the popular retirement community of Green Valley, AZ, this impeccably maintained, one-owner home was built in 2005. It's situated on a corner lot with mountain views from the east facing patio, has 2078 square feet of living space in a split floor plan featuring 2 bedrooms plus a den, 2 baths, an eat-in kitchen, a formal dining area in the great room and a fireplace. There's a 247 square foot guesthouse out back complete with a ¾ bath and walk in closet. Both overlook a solar/gas heated, fully automatic in-ground pool and spa. Plantation shutters, skylights, designer colors, stainless steel built-ins, kitchen island, granite countertops, 16" tile, surround sound, barbeque station, garage cabinets and more....
more...
Community Information: www.GreenValleyChamber.com and www.gvrec.org
Contact Jane Binder,
520-399-1296 |
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| Bare Bones Basics of a 1031 exchange |
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by James Schuler
for 1031 Exchange Experts, LLC |
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People
who have only heard of 1031 exchanges know this much: it
has something to do with real estate. Basically, a 1031 exchange
works like this:
- first, you call a 1031 'qualified intermediary,' (or 'Q.I.').
They start the exchange process for you.
- work with a realtor to sell your old property
- at the closing, the money goes straight from the
closing to your QI. (I explain why below)
- work with a realtor to buy a new property.
- when you finally close on your new property, the QI sends
your money to the closing.
In this way, you buy and sell
real estate without handling any cash. Technically, in the eyes of
the law, you're actually TRADING properties with someone. If you
possess, hold or control the money at any time between the sale of
your old property and the purchase of your new, it becomes taxable
to you. That's why when you sell your old property, the money bypasses
you and goes straight from the closing to the QI. Later, it will
go straight from the QI to the closing of your new property.
Why not just buy and
sell outright?
Because when you sell something, yo.... |
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1031News This
Week |
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03/09/2012 |
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| Using 1031 Exchanges as Part of Your Estate Plan |
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Gary Gorman
Founder, Managing Partner, 1031 Exchange Experts,
LLC |
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Very few people think of 1031 exchanges as anything other than a vehicle to defer taxes from the sale of a current property to a future property. However, Section 1031 can be a very powerful estate-planning tool that allows you to transfer a substantial part of your estate to your heirs tax-free. This article shows you just one way of doing this.
Let's say Fred and Sue are selling a small rental property for $500,000. They plan on buying a much larger rental property for $1 million and they begin trans....
Read
the rest of, "Using 1031 Exchanges as Part of Your Estate Plan" here....
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070611
TRANSPARENCY: you can see your funds, online,
24/7. |
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This Week's TEE-Shot |
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03/12/2012 |
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If you thought your property was protected because it's in an LLC, think again. A recent Florida Supreme Court ruling substantially weakens the protection offered by single member LLCs--even those located outside of Florida.
If you, your friends or clients hold property in LLCs, this newest article is a must-read:
New Court Case Weakens LLC Protections
A recent Florida Supreme Court decision has potentially weakened the protection offered real estate investors by Li...
...to read the
rest of "LLCs may not offer the protection it used to" subscribe
to Tee-Shots |
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1031 Exchange Experts, LLC, specialize
in SAFE EXCHANGES. |
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