A recent client was contacted by a qualified land trust to acquire the development rights to his 500 acre tract of forest/meadow land. The property had long been identified by the conservation community as a key wildlife migration path to adjoining protected property. Our client had been approached numerous times but resisted a sale that […]
Posted by permission of the author: Christopher Nolt, LUTCF Solid Rock Realty Advisors, LLC 2020 Charlotte Street, Suite 14 Bozeman, MT 59718 406-582-1265 Office 800-517-1031 Toll-Free 800-249-1033 Fax The IRC Section 1031 Exchange is one of the most powerful tax saving and wealth building tools available for people selling highly appreciated real estate. A properly structured 1031 exchange […]
Real estate investors who buy & sell from related parties often get blind sided by related party rules when using Section 1031.
We hear this troubling refrain too often. It seems that many accountants and attorneys will tell their clients that a Section 1031 exchange is cumbersome and just delaying the inevitable. Some advise that the tax rates today are the cheapest you will ever see, “It’s easier to just pay the tax” they say. In far too […]
If you have been mulling rebalancing your investment property assets, now is the time to seriously consider making the move toward a planned exit from your multifamily property ownership. According to a recent article by Jaime Lackey in the March/April edition of Northeast Real Estate Business, the New England multifamily housing market has experienced continued […]
PRESS RELEASE — Release Date: April 1, 2013 Section 1031 Like-Kind Exchanges Serve as Vital Stimulant for Economic Growth After several years, real estate values are beginning to recover and activity is steadily increasing. It’s a promising trend that needs to be supported, not thwarted. IRC Section 1031 like-kind exchanges are one of the best ways […]
You just gotta love technology. The ability to cover a topic like 1031 quickly and efficiently is just amazing. But for goodness sakes. I wish that I could press a button and blast this message out to the whole world with one click…to all the investors, real estate brokers, accountants, lawyers. I got another phone […]
What every real estate investor wants to know is “How can I make Section 1031 work for me? Isn’t that just for investors who have multimillion-dollar properties?” And, the best question of all; “I want to sell my property and I don’t want to manage real estate again, how can I have my cake and eat […]
Myth Busted: “Like-kind” means ANY real property can be Exchanged for ANY real property. Don’t get caught with the assumption that land can’t be exchanged for an apartment building. The term Like-Kind appears in the Internal Revenue Code (IRC) in connection with Section 1031 Tax Deferred Exchanges and also in connection with Section 1033, Involuntary […]
At first glance, one might be tempted to say that Section 1031 is an overly generous provision of the tax code whose time has passed. But wait: Section 1031 was first passed into law on March 8, 1921, in the waning days of the Wilson Administration, and has been reviewed and commented upon in nearly […]
