Exchanging Thoughts

Thankful for Your Advisors

Posted by Ellie Trovato on Thu, Jun 28, 2018

We recently purchased a new home and our real estate agent was a key part of the process. Whenever buying or selling a property, advisors such as your real estate agent and accountant are crucial. This Thankful Thursday, we discuss the role of your professional advisors and why they are an important part of your 1031 tax-deferred exchange.

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Topics: tax consequences of a 1031 exchange, 1031 exchange process, Qualified Intermediary (QI), 1031 Exchange

Making Your Home Work for You

Posted by Ellie Trovato on Wed, Jun 27, 2018

I recently purchased a new home and have started thinking about long-term investment goals including eventually converting my home into a rental property or even keeping it as a second home. There is another tax strategy that I could take advantage of down the road. Today’s Wealth Building Wednesday discusses the principal residence exclusion which allows homeowners to have a gain on the sale of their primary residence.

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Topics: 121 primary residence exclusion, capital gains, 1031 Exchange, 1031 Replacement property

Tips on Identification Guidelines and Rules

Posted by Ellie Trovato on Tue, Jun 26, 2018

Exchangers often have questions about identifying replacement property. Today’s Tuesday Tip will discuss 1031 tax-deferred exchange identification guidelines.

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Topics: 1031 like-kind property, 45-Day Identification Period, 200% Value Rule, Three property rule, Exchange identification rules

Dig Below the Surface for More Like-Kind Options

Posted by Ellie Trovato on Mon, Jun 25, 2018

When Exchangers call our 1031 CORP. Exchange Team they often ask us what assets qualify as like-kind replacement property in a tax-deferred exchange. Rental units, office buildings, duplexes and warehouses are typically properties that come to mind. This More, More Monday addresses oil, gas and mineral rights, lesser-known assets that are growing in popularity among Exchangers.

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Topics: 1031 Exchange, Minerals, 1031 exchange of gas & oil royalties, GMO, Like-kind requirement

Maximize Your Tax-Deferral by Minimizing Boot

Posted by Ellie Trovato on Fri, Jun 22, 2018

One of the many benefits of a tax-deferred exchange is the ability to defer capital gains taxes when selling and acquiring like-kind real property. This Friday Free for All discusses ways to maximize your tax deferral by minimizing taxable “boot.”

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Topics: section 1031, 1031 equal or greater value and equity, 1031 gain, 1031 exchange closing costs, 1031 exchanges

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