Exchanging Thoughts

Using Equity the Right Way

Posted by Ellie Trovato on Thu, Jun 14, 2018

We all know that a tax-deferred exchange allows you to defer capital gain taxes but there is another strategy to help you get a great return on investment and tap into your equity. Today’s Thankful Thursday is about refinancing to pull equity out of your replacement property.

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Topics: 1031 equal or greater value and equity, 1031 gain, 1031 exchanges

Say Goodbye to the Landlord Headaches

Posted by Ellie Trovato on Mon, Jun 11, 2018

Over the last 12 – 18 months, the Exchange Team here at 1031 CORP. has seen a significant increase in Exchangers pursuing more passive investment opportunities with a desire to leave the three Ts of hands-on property management: tenants, toilets and trash. While these three Ts have helped many real estate investors build wealth, there often comes a point when they are ready to leave it behind but they still want the benefits of owning investment real estate and don’t want to have to pay the tax when they sell.  This More, More Monday looks at the increasingly popular Delaware Statutory Trusts, (DST), and how they offer an alternative to active real estate management.

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Topics: Revenue Ruling 2004-86, Delaware Statutory Trusts

Knowledge is Power

Posted by Ellie Trovato on Fri, Jun 08, 2018

During our twenty-seven year history, 1031 CORP. has maintained a strong commitment to educate real estate investors and their professional advisors on Section 1031 like-kind exchanges and their many benefits.  As a team, our exchange professionals have probably averaged 80+ seminars, webinars and continuing education courses each year.  Our subject matter experts strive to educate investors, business owners and their professional advisors about this often overlooked tax strategy and the ease in which they can be accomplished.  In addition to discussing the numerous benefits of 1031 tax-deferred exchanges, we clarify numerous misconceptions, review the requirements of a successful exchange and explain the role of the Qualified Intermediary.  

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Topics: 1031 Exchange Classes, 1031 CORP. Speaker Bureau, 1031 Exchange Education, 1031 Exchange Seminars

Exchanging Up and Increasing Cash Flow

Posted by Ellie Trovato on Wed, Jun 06, 2018

If you are reading this blog, you likely already know that a 1031 exchange allows you to defer the gain on the sale of a business use or investment property when exchanging it for like-kind property. What you may not know, is that it can allow you to exchange up, increasing your revenue stream and overall profitability. This Wealth Building Wednesday discusses the exchange of vacant land held for investment use into like-kind, revenue producing property.

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Topics: like-kind property, benefits of 1031 exchange, 1031 like-kind property, Diversification, vacant land & 1031 exchange, vacant land, investment property

Top 1031 Exchange Misconceptions

Posted by Ellie Trovato on Tue, Jun 05, 2018

They say that knowledge is power and, nowadays, knowledge is at our fingertips. You can pick up your smartphone and find anything you wish by asking Siri or searching Google. Unfortunately, that doesn’t necessarily mean that Siri or Google are providing accurate information. The Exchange Team at 1031 CORP. are often asked to clarify misconceptions about 1031 exchanges. In today’s Tuesday Tip,  we will address the most common misconceptions about 1031 exchanges and make sure you know the truth so you can put the power of 1031 to work for you.

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Topics: section 1031, Role of Qualified Intermediary, 1031 made easy, 1031 exchange misconceptions, 1031 like-kind property, tax-deferred exchanges

Understanding the Same Taxpayer Rule

Posted by Ellie Trovato on Fri, Jun 01, 2018

This Friday Free for All we will discuss an important rule in a 1031 tax deferred exchange: the same taxpayer requirement.

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Topics: 1031 exchange rules, tax consequences of a 1031 exchange, 1031 exchange assignment; 1031 exchange rules, 1031 exchange same taxpayer; 1031 same owner rule, Same Taxpayer Requirement

Time Extensions for Federally Declared Disasters

Posted by Ellie Trovato on Thu, May 31, 2018

With subtropical storm Alberto blasting the southeastern corner of the U.S and hurricane season right around the corner, it is important to know how Mother Nature’s unpredictability can affect your tax deferred exchange. Today’s Thankful Thursday addresses Section 17 of Revenue Procedure 2007-56 which provides extensions to exchange deadlines if you are affected by a federally declared disaster.

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Topics: 1031 Exchange, 45-Day Identification Period, identifying 1031 replacement property, Federally Declared Disasters, Rev Proc 2007-56

Make Them Work for You: Vacation Homes

Posted by Ellie Trovato on Mon, May 28, 2018

We are all ready for some warm weather. The sun. The beach. Sand in our toes. In today’s More, More Monday we are going to take a look at how vacation homes can work in a 1031 tax-deferred exchange and, even one day, be converted to a primary residence.

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Topics: 1031 exchange vacation home, vacation home exchanges, vacation home

The Often Overlooked Benefits of 1031s

Posted by Ellie Trovato on Fri, May 25, 2018

A 1031 exchange allows the seller of a business use or investment property to defer the gain as long as a like-kind business use or investment property is acquired. This Friday Free for All, we will look beyond the deferred gain and review the many benefits of a 1031 exchange.

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Topics: section 1031, benefits of 1031 exchange, tax-deferred exchanges

Diversify, Relocate, Consolidate…Yes, you can!

Posted by Ellie Trovato on Thu, May 24, 2018

Today everyone wants the latest and greatest of everything from homes to cars and electronics. Why not want the same for your real estate portfolio? On this Thankful Thursday, we are grateful for the true diversification of real estate assets a 1031 exchange provides.

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Topics: like-kind property, 1031 like-kind property, Diversification of real estate assets, Relocation, Diversification