The Right Way to Identify Property in a 1031 Exchange
Tuesday, May 23
One of the biggest obstacles in any #1031 exchange is finding suitable replacement property. Sometimes the ideal property will come along right away – sometimes even before the relinquished property is sold – but unfortunately this is not the case for most exchanges.For investors who relinquish b...
Who is Minding the Cash in a 1031 Exchange?
Monday, May 22
In my work with #1031 exchanges (as both a qualified intermediary and a real estate professional), I often encounter investors who are delving into the world of 1031 exchanges for the first time. They understand the basic concept of trading investment property to avoid capital gains taxes, but ar...
Speak the Language of 1031 Exchanges
Thursday, May 18
For an investor new to the world of section #1031 of the IRS Tax Code, the terminology that comes along with these tax-saving exchanges can be confusing. To help you understand the phrases you will undoubtedly hear if you choose to complete a tax-deferred 1031 exchange, here’s a list of the key t...
The Many Hats of the Qualified Intermediary
Wednesday, May 17
One role that is essential for a #1031 exchange is that of the Qualified Intermediary. This is the person who keeps you on track and fulfills an indispensable role to guide you away from violating the strict rules of the tax code.The QI should be doing three key things for you throughout the 1031...
Investor Basics: What is a TIC?
Monday, May 15
Tenancy in Common (TIC) is a way for two or more individuals to have an undivided fractional ownership interest in a single property. With a #TIC, each owner has individual rights and obligations related to the property. These rights equal the proportionate share of the owner’s interest.Having an...
Do Your Due Diligence Before Investing in a TIC
Saturday, May 13
Every investor wants to be certain that they are putting their money into solid investments, especially when it comes to complex real estate transactions. Due diligence – the analysis of the circumstances surrounding an investment – and full disclosure of all material facts is an essential compon...