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...]
Will ObamaCare Destroy Real Estate Investors?
July 10, 2012 By Leave a Comment
Will ObamaCare destroy real estate investors?Beginning January 1, 2013, a 3.8% Medicare tax will be levied on unearned income on ObamaCare's definition of the wealthy ($200,000+ single filers & $250,000 for joint filers). This tax could apply to the proceeds from the sale of single family homes, townhouses, co-ops, condominiums, and even rental income. For many successful real estate investors, ObamaCare may have a significant effect on their bottom line. The National Association … [Read more...]
IRS Section 121 And The Land Trust Beneficiary
January 11, 2012 By Leave a Comment
IRS Section 121 And The Land Trust BeneficiaryShould you put your personal residence in a Land Trust?IRS Section 121 And The Land Trust Beneficiary is a post from: Real Estate Investing Blog For Real Estate Investors.Read the full post here... … [Read more...]
IRS Section 121 And The Land Trust Beneficiary
January 11, 2012 By Leave a Comment
IRS Section 121 And The Land Trust BeneficiaryShould you put your personal residence in a Land Trust?IRS Section 121 And The Land Trust Beneficiary is a post from: Real Estate Investing Blog For Real Estate Investors.Read the full post here... … [Read more...]
Look Both Ways Before You Walk Away from Your Real Estate Investment
December 5, 2011 By Leave a Comment
Look Both Ways Before You Walk Away from Your Real Estate InvestmentSo many people have walked away from homes that are hopelessly underwater on their real estate investement. With little prospect of recouping their losses, or faced with a difficult personal financial situation, they have made a decision to let the bank foreclose.Prior to 2007 this would have resulted in an income tax liability on the amount of any forgiven debt. Currently the law allows people to walk away from their … [Read more...]
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Are You Prepared For The ‘Obamacare’ Real Estate Investment Tax?
Are You Prepared For The ‘Obamacare’ Real Estate Investment Tax?“Chris, are you prepared for the Obamacare real estate investing tax”?That was a real question I was asked two weekends ago when I was in San Diego speaking to 450 active real estate investors. From the concerned look on the face of the woman asking the question, apparently she was serious!Up to that point, I was more concerned as a small business owner, and a successful one at that, about the effects of the health care … [Read more...]