Tag Archives | tax deferred exchange

What is Like-Kind Property?

By John Hamrick on January 3, 2012 in Section 1031 Basics

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 […]

Testimonials

John Hamrick has been an outstanding 1031 Facilitator: knowledgeable, patient, prompt, accessible and good humored to boot! Highly recommend.

Katina Leodas

06/01/2022

John Hamrick has been an outstanding 1031 Facilitator: knowledgeable, patient, prompt, accessible and good humored to boot! Highly recommend.

Katina Leodas

06/01/2022

Hello John, I wanted to thank you for your professionalism and tremendous support through my first-ever 1031 Exchange. Your expertise and accessibility made a big difference for everyone involved and greatly helped in pulling off the deal. I benefited from your professionalism ...

Vince

06/25/2022

Tim Burger of Edwin wheeler was always there when I needed advice, made this procedure feel like this was my 20th time. Thanks so much

Mario Boucher

01/03/2019

John Hamrick was always available and responsive (even on the holidays!) throughout the entire process of our 1031 exchange which involved the sale of multiple properties and an extremely complicated purchase of a replacement property. I tend to be extremely ...

Siva Anantham

02/02/2018

Chris Brown handled a multi property 1031 exchange with ease. He always responded quickly to my calls and emails. I had so many questions regarding 1031 rules and Chris took the time to explain answers in detail. I was pleasantly ...

Charles Anderson

01/11/2018

This was my first 1031 exchange and John Hamrick provided all information needed for me to understand the process and be comfortable. Chris Brown handled all of the details and everything worked seamlessly on both the sale and acquisition transactions. ...

John M

12/13/2016

This was my first experience with doing a 1031 Exchange. It was seamless. I worked with John Hamrick, who was not only knowledgeable in this "stuff", was simply a pleasure to work with. He took all the time ...

Rachel Clermont

09/14/2015

This is the third transaction in which E&W played a pivotal and timely role. John Hamrick was on top of every piece of the deal and this allowed me to focus my attention where it was needed. Thanks, all!

John Osgood

09/11/2016

What a great job you guys did. Thank you very much.

Chris Adams

09/09/2015

It has been a pleasure working with Chris Brown and Tim Burger on our exchange which featured a very quick closing timeline. We found them to be personable, accessible, and professional. They were cool headed through a delayed closing and ...

Brad and Ginny Faus

06/21/2016

John Hamrick was so great to work with. I highly recommend him. I was new to this process and he walked me through it every step of the way. He is extremely knowledgable, was always very available, ...

Mara Lamstein

02/13/2016

Although I have purchased and sold many properties, it was not until my last sale that I investigated a 1031 exchange. It is indeed fortunate that I am a challenging sort of individual or I would never have called Edmund ...

DFW

08/09/2015

We have done a few exchanges with E&W, Tim has been wonderful!

Anon LLc

06/23/2022

I had sold two properties and reinvestesd into four which had me concerned on the risk of confusion. I closed purchasing three in one day and the fourth the following day. All went without any problems I plan to ...

Jim Allard

01/11/2017

Goodness, I did not know what I was doing until I spoke with Chris Brown at Edmond&Wheeler. He made everything Easy.and clear...He handled all the details so efficiently and fast. Doing the 1031 exchange was the easiest part ...

Dorothy C DiCarlo

09/20/2015

I appreciate your personal and helpful service during the property exchange of my property on Kerr Rd., Franconia and the Condo at The Village of Maplewood in Bethlehem,NH. Everything went smoothly with a processes I was completely unfamiliar with. Thank you.

Nancy Macneil

03/07/2016

I did my first 1031 exchange this past June. John Hamrick was extremely helpful and spent a lot of time talking me through the options and how it all works. The exchanges went seamlessly and John took care of all ...

Nina J

09/20/2018

I found Edmund & Wheeler through an internet search and made the effort to visit their offices in New Hampshire to satisfy myself that they knew what they were doing. Our exchange was more complicated than most, but they had ...

09/09/2015

I am working with Edmund and Wheeler on my third 1031 exchange over the past several years, and regard the team as highly knowledgeable, professional and passionate about assisting with my selling and reinvesting situation. I could not be ...

09/27/2015

We were very apprehensive about whom we eould use for our first 1031. E&W came highly recommended by our realtor, our accountant and by Accurate Title. Tim allayed all our fears and aprehensions about the whole process ...

Steve S.

02/08/2019

John was extremely helpful, patient and professional. My first exchange was smooth and without worry. John and his team are an invaluable resource when working to pull together a 1031 exchange. I will call on John again when ...

John D. McNiff Jr

08/12/2022

http://blackburnctr.com

Have worked with Edmund & Wheeler on many 1031 transactions over the years. Every time, great results. Very knowledgeable and helpful. Wouldn't go anywhere else for this type of transaction.

Frank von Turkovich

12/03/2015

The entire EWI team was easy to work with, very responsive and made everything simple to understand. Thanks so much.

Jacob Davignon

02/02/2016

Early in 2013, we contacted Edmund and Wheeler seeking information about a 1031 Exchange we were considering on the sale of our New Hampshire property. We began working with John Hamrick who, from the start, patiently and clearly explained all ...

Joan & Peter Baker

03/13/2013

In 2012, my wife and I used John Hamrick of Edmund & Wheeler to perform a Section 1031 exchange on property we had in Cape Cod. It goes without saying that their performance and professionalism during the entire process was ...

Bob Rubega

02/15/2012

This was my first experience with doing a 1031 Exchange. It was seamless transactions. Chris Is a very knowledgeable person in this program, and simply pleasure to work with. Thanks again. JPB Trust

JPB Trust

06/28/2022

This is the second time I have used the services of Edmund Wheeler for 1031 exchange purposes. Both times working with John Hamrick. The exchanges went seamlessly, Hamrick was a pleasure to deal with.

Jim Zaborski

04/14/2018

Made it pretty easy

Chuck Nichols

09/30/2015

We could not have done this project without you. You have been incredible during this entire process. If by a future farewell you mean until next time, we are cool! I do look very forward to working with you ...

Eric & Melissa D.

10/17/2017

I was about to complete a profitable sale when I across an opportunity to purchase a new excellent property. The new property is the best piece of real estate I've bought in my 38 year long investing career. I realized that ...

Skip Kelley

07/12/2016

I first contacted John Hamrick about 5 years ago to discuss the 1031 exchange process. He was very knowledgeable and personable and spent almost 1 hour on the phone with me. We finally found a buyer ...

Lynne Lautenschlager

08/18/2017

John was an extreme pleasure throughout the entire process. His knowledge, professionalism and above all his communication skills were unparalleled. I will gladly pass along his contact information to anyone I know in need of a 1031 exchange. And I ...

Mark Troy

09/27/2015

John once more, it was a great pleasure working with you and your office, you guys are great, there are no words to describe your professionalism and kindness. Thank you is not enough to explain how grateful I am ...

Maria Bairos

11/28/2015

We trust E&W to hold an uncounted bag of money. We trust them unconditionally. We felt safe in their hands knowing that E&W had our back. They were on top of the critical milestones involved in a 1301 transaction and ...

Ajith & Brenda

01/06/2020

This is the second time I have personally used EWI, working with their people in Franconia NH. All I can say is they are professional, knowledgeable, and quick to respond a totally positive experience..

Jim Zaborski

04/08/2023

If a 1031 Exchange is in your future, prepare yourself for a delightful experience by contracting with EWI. The personnel are a pleasure to work with and they are extremely competent in their business. My case ended up ...

Stephen Tippen

07/27/2017

I refer to John Hamrick as “The Dean” of 1031 Exchanges. His professional approach and complete understanding of the exchange process is evident in every facet while working with him. Quite frankly, he has a rare talent. ...

Peter Cromarty

09/29/2015

I am a partner in a New York law firm. The first time I worked with Chris Brown of Edmund and Wheeler was over five years ago when I handled my first 1031 Exchange. My assistant and I ...

Erina Ponzini, Esq.

02/05/2018

I worked with John Hamrick throughout the sale and purchase of a like-kind assets. During this period he advised on several points that were important factors in my re-purchase strategy. At the end of the day, both transactions were flawless ...

Winnipesaukee Capital LLC

06/13/2016

Tim Burger at Edmund & Wheeler is so pleasant and responsive. What an asset to the company, thanks Tim!

Vicki Mattson

05/15/2015

I like to thank John Hamrick and his team for guiding me through the 1031 process. He answered every call and assisted me with any problems that I encountered. This was a long and difficult process and EWI assured me ...

Joseph LaForgia

10/10/2017

We can’t say enough good things about Chris Brown of Edmund Wheeler and the advice and assistance he provided during our successful 1031 exchange. He was available and responsive during every phase of the transaction from start to finish. ...

James and Diane M.

01/25/2018

It was a pleasure working with Chris Brown....he was knowledgeable, easy to contact,and always ready to help with our complicated exchanges...one sale and three purchases with a very short timeline. I recommend him and the company highly, and ...

Paul and Gale Riley

09/25/2015

Settlement completed, with no problems! Thank you, Chris, for your on-going efforts on my behalf. It is simply a pleasure to work with you and with the fine group of "Edmund & Wheeler" professionals.

03/04/2017

I can't say enough about how wonderful John Hamrick was to work with. He was very patient answering any and all questions that I had and was always available by phone or email, going out of his way to ...

Janet Parsons

08/26/2017

You ROCK Tim - thank you!

02/03/2016

Edmund & Wheeler made the 1031 exchange process very easy. They were very professional and explained the process very clearly. Their response time was incredible whether it was just a question about the process or a request for ...

Ann + James Boisvert

09/28/2015

Working with John Hamrick and Edmund & Wheeler was a pleasure. This was our first exchange and we had a lot of questions. John took the time to walk us through the process and make sure all of our questions ...

David Lamattina

05/11/2016

We recently completed a reverse 1031 Exchange with the help of Chris Brown. The complexity of the reverse nature of the transaction was made smooth by Chris. The next time we have need for a 1031, we will ...

Bill Vega and Polly Garner

09/24/2020

John and his team have been nothing short of a pleasure to be partnered in these transactions. He was always several steps ahead of me and providing clear and concise guidance. He made himself available to ...

Perry Seale

05/26/2022

We have successfully completed two 1031 Rollovers with Edmund and Wheeler. Both have been highly successful. We simply laid out the numbers and our goals. All the details were looked after very professionally and on a timely basis. Help was ...

Jim Dunlop

11/19/2013

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What is Like-Kind Property?

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