Grant Conness

Archive of Grant Conness's Articles

Grant has written 6 article(s) for the BiggerPockets Blog.

Selecting A Qualified Intermediary for a 1031 Exchange

by Grant Conness | December 19, 2008

A Qualified Intermediary (QI) is essential for the completion of a successful 1031 Exchange and care should be taken in the selection of your QI. Sometimes referred to as the Exchange Accommodator, the QI performs several important functions in the exchange process including: Coordination of the structure, process, and documentation of the 1031 Exchange Controls [...]

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1031 Exchange into Oil and Gas Royalties

by Grant Conness | December 14, 2008

IRS Section 1031 classifies an investment in an oil and gas “Royalty Interest” as like-kind property for a 1031 Exchange. Investors can diversify their portfolios by exchanging an apartment complex, raw land, an office building, or any other eligible investment property for an interest in oil or gas royalty production. The term, “Royalties” is often [...]

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Real Estate Investing

The Delaware Statutory Trust (DST) Continues to Gain Popularity as an Alternative Investment Vehicle for Savvy Real Estate Investors

by Grant Conness | November 24, 2008

The Delaware Statutory Trust (DST) has been making a comeback during these turbulent economic times. A DST is similar to a Tenant In Common (TIC) investment with just several key differences. In this blog we will take a look at DSTs and how they differ from the more publicized TIC investment concept. Technically a DST [...]

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Real Estate Investing

The Mechanics of an UPREIT: A 1031 – 721 Exchange

by Grant Conness | November 14, 2008

Investors who appreciate the tax deferral benefits of a 1031 Exchange or a 1031 Tenant in Common Exchange (TIC) should recognize the tax advantages of a 1031-721 Exchange. Section 721 of the Internal Revenue Code allows an investor to contribute a property to a REIT, an acronym for Real Estate Investment Trust in exchange for [...]

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Real Estate Investing

Ten Rules For A Successful 1031 Exchange

by Grant Conness | November 7, 2008

The 1031 Exchange is a valuable tax deferral tool for the owners of investment real estate. A 1031 Exchange allows a taxpayer to sell an investment property and rather than paying capital gains taxes on the sale, use that money to purchase another investment property. If the IRS rules are followed and the transaction is [...]

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Real Estate Investing

The Benefits of a 1031 Tenant in Common Exchange

by Grant Conness | October 31, 2008

A Tenant in Common 1031 Exchange, a (TIC), allows the owner of investment, business or income producing property to exchange it for a fractional ownership in another large commercial property or multiple industrial grade properties. When the IRS requirements for this type of exchange are followed, capital gains and depreciation recapture taxes may be deferred. [...]

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