1031 Exchange Expert: Qualified Intermediary, 1031 Exchanges, Accommodator, California and the U.S., etc., etc,

                               "BUILD NEW OR IMPROVE AN EXISTING PROPERTY"The improvement exchange allows an investor, through the use of a Qualified Intermediary, to make improvements on a new replacement property using exchange equity. In other words, an investor can maximize investment opportu...

Dreaming About AR Posts!Last night I went to sleep very contented. It had been a productive day.  I woke up early this morning around 4 a.m. exclaiming "EEE Gads, I might have a problem."   So, you ask what was it that woke you up at 4 a.m. this morning? Get this, I was dreaming about what I was ...

 "UNDERSTANDING THE REQUIREMENTS IS CRITICAL" MULTIPLE PROPERTIES     Real estate investors may take advantage of the tax code to exchange several properties into one replacement property. However, two basic rules can make planning for such an exchange challenging: The 45-day identification and 1...

SIMULTANEOUS EXCHANGES -WHAT NOT TO DO "CONSTRUCTIVE RECEIPT -EXAMPLES OF WHAT NOT TO DO" One of the requirements for a valid IRC Section 1031 exchange is the actual exchange of one property for another property. To qualify for tax deferral, an Exchanger must never have either actual or construct...

"USING A QI IS THE ONLY SAFE HARBOR PROVIDED BY THE REGULATIONS"   The simultaneous exchange is the oldest method of performing an IRC §1031 tax deferred exchange. There are basically three ways to perform a simultaneous exchange: 1) SWAP OR TWO-PARTY TRADE: Two parties exchange ("swap") deeds wi...

G 6 RESTRICTIONS "WHY EXCHANGERS CAN'T HAVE ACCESS TO EXCHANGE FUNDS"  A "Qualified Intermediary" must limit the Exchanger's ability to access funds held in the exchange account in order to meet the safe harbor requirements specified in the U.S. Treasury Regulations. Although the deferred exchang...

 "LESSONS TO BE LEARNED FROM THESE FAILED EXCHANGES" Delayed exchanges, under IRC Section 1031, are the most common exchange format nationwide. The IRS has structured exchanges with strict guidelines for full tax deferral. In a delayed exchange, a property owner must meet a number of key time dea...

Power of Analysis: How to Analyze Small  Investment PropertiesThe Commercial Investment committee of the Bakersfield Association of Realtors has invited me to teach a seminar about how to analyze small investment properties. Attendees will learn how to evaluate the value of investment properties ...

Clients Professional Advisors Are  A Critical Part of the 1031 ProcessLast week we went over how to calculate capital gain and estimate the capital gain tax due.  We also reviewed what is involved in calculating the Net Adjusted Basis of an investment property. Great! Now that you know how to do ...

Spring Skiing is Great!I just spent the last two days skiing at Sierra Summit (located 60 miles east of Fresno Shaver Lake and Huntington Lake). The weather was spectacular. The cooler temperatures this weekend kept the snow in perfect "spring condition." Coverage is still excellent on the upper ...