Partial Tax Deferred Exchange? You Bet In last week’s post, in which I interviewed Qualified Intermediary & 1031 Expert Bill Execter about 1031 exchanges, questions were asked and answered as to how to ensure a successful closing of an exchange transaction. But the reader could have very credibly inferred that 1031s are an either/or proposition, which is patently false. The fact is, you as an investor can indeed sell a property held for investment, defer some or most of the capital … [Read more...]
Interview With Noted Tax Deferred Exchange Expert And Qualified Intermediary William Exeter
August 14, 2012 By Leave a Comment
Interview With Noted Tax Deferred Exchange Expert And Qualified Intermediary William Exeter Though the exact count isn’t known, I’ve done a lot of ‘em. I know a ton about ‘em too. I could tell stories, big time. But first, I’d make dang sure Bill Exeter wasn’t in the room, cuz no matter how many stories I can tell, he has 100 times more. Also, I’d never tell the first story if he was in the room, never. Yeah, I’ve done multi-state exchanges with a buncha properties and … [Read more...]
Tax Deferred Exchanges — 1031s — THE Crucial Question
July 31, 2012 By Leave a Comment
Tax Deferred Exchanges — 1031s — THE Crucial QuestionI literally haven’t a clue how many exchanges I’ve executed in my career. When asked, I usually just say ‘over 200′ cuz that’s when I stopped the silly practice of keepin’ score. Wanna know how to prove I’ve never had an exchange disallowed or fail? That one’s easy — cuz I’m above ground writin’ this. Seriously, what would you do if somebody cost you five or six figures in taxes you never should of owed? After doing a … [Read more...]
Winning Monopoly
January 7, 2012 By Leave a Comment
The formula for winning Monopoloy is to get 4 green houses, and then a Red Hotel. The formula was drilled into my head as a child for building wealth and winning the game. I had no idea at the time that the formula could also be used in the real world for building wealth and massive cash flow as a real estate investor.In the game of Monopoly, you want to invest in as many properties as possible. Once you own properties, you can collect rent from your opponents every time they land on your … [Read more...]
Make Your Seller Finance Offers FAR More Appealing
December 18, 2011 By Leave a Comment
Make Your Seller Finance Offers FAR More AppealingA Friend of mine recently came across the perfect buy and hold Real Estate property. It’s a quality 3 bedroom, 2 bathroom house in a good location, and the sellers only owe $20,000 on the property. So why is this the perfect buy and hold property? It is because it’s in a solid neighborhood, the house is in good condition and it’s a bread and butter type house that he’ll be able to fill with families for the next 30 years. When he told me … [Read more...]
Warren Buffett Quotes To follow in my Real Estate Business
December 5, 2011 By Leave a Comment
Warren Buffett Quotes To follow in my Real Estate BusinessWarren Buffett is a great investor. His track record over multiple decades is just too good to be ignored. As you know, he prefers to purchase companies or stock in companies. Nonetheless I look to leverage greatness any where I can in my business. I found the following three Buffett quotes fit my business model.Quote 1: “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”I am a buy … [Read more...]
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