iowa property exchange: Iowa Land Price Survey Shows 6.6% Rise in Six Months - 09/24/08 04:19 PM
A recent survey of farmland real estate brokers shows that the price of Iowa’s best farmland rose by an average of 6.6 percent from March 2008 through August 2008, cooling slightly versus the previous six month period. This survey was conducted by the Iowa Farm and Land Chapter 2 Realtors Land … (2 comments)
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iowa property exchange: Quick Update on National Farmland Prices - 09/03/08 02:32 PM
About a month ago, the US Department of Agriculture published its annual report on the value of agricultural land in the United States. As you might expect, values were up nearly everywhere, but especially in the Midwest.
High prices on commodities such as corn, soybeans and wheat drove prices higher in … (4 comments)
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iowa property exchange: What about Refinancing Before or After an Exchange? - 09/03/08 01:57 PM
The primary objective of most Section 1031 exchanges is to move an investment from one property to another without incurring a tax liability. In other words, take your money out of this property and put it into that property and pay no capital gain tax. By following the rules and regulations … (1 comments)
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iowa property exchange: West Central Iowa Board of Realtors Meeting - 08/22/08 02:09 PM
If you are in the western Iowa/eastern Nebraska area, please consider attending the West Central Iowa Board of Realtors meeting at 6:00 PM on Monday, September 8, 2008 at the Harlan, Iowa Golf and Country Club. The board has asked me to speak on the basics of Section 1031 exchanges. You … (0 comments)
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iowa property exchange: Tell Me About My Money that the Intermediary Holds During an Exchange - 07/24/08 12:08 PM
First let's discuss the earnings that your account generates while it is in the care of the intermediary. Did you know that many intermediary services earn the majority of their income from the interest that your account generates for them while they hold it!? By paying their clients little or no … (7 comments)
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iowa property exchange: Demystifying the Reverse Exchange - 07/24/08 11:40 AM
Reverse exchanges are gaining in popularity, but they are often misunderstood and they can be confusing. Let's investigate the basics of this exchange structure.
Sometimes a situation arises in which an investor or property owner wants to purchase a property but wishes to sell a property that he or she already … (2 comments)
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iowa property exchange: The Farm Bill Does Not Alter the Definition of “Like-Kind” in Regards to Section 1031 Exchanges - 06/23/08 04:35 PM
In order to clarify things in the mind of anyone who is uncertain about it, the farm bill that was passed by Congress does not include the language about like-kind status that those of us in the exchange industry were concerned about. The Senate version of the bill sought to redefine … (6 comments)
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iowa property exchange: The Presidential Election and the Potential for Change in Capital Gain Rates - 06/04/08 08:07 PM
Now that things look to be settled on the Democratic side of things, how do the two candidates look at the current capital gain tax rates? Both candidates seem to be focused on “change” at the moment; does that extend to the capital gain tax rate?
The presumptive nominee on the … (6 comments)
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iowa property exchange: Merely the Form of the Investment Changes… - 05/19/08 03:33 PM
One of my favorite explanations for why the Internal Revenue Service allows taxpayers to sell a property and defer the capital gain tax on the sale of that property through the use of a Section 1031 like-kind exchange contains the words in the subject of this article.
The explanation goes like … (0 comments)
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iowa property exchange: Are Your Income Properties a Business, an Investment, or Both? - 05/16/08 04:10 PM
Are your income properties a business, an investment, or both? I suspect most property owners would say they are both. That’s how I feel about mine. They certainly qualify as a business, but the primary reason I bought them was as an investment for the future.
Why does this matter? Because … (8 comments)
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iowa property exchange: Section 1031 Exchanges - Tax-Deferred or Tax-Free? - 05/02/08 12:14 PM
Did you know that after you use a Section 1031 exchange to acquire new property, you will face the same tax-related issues when you decide to sell that property? Is there any way around paying capital gain taxes when you sell your property? With the issuance of Rev. Proc. 2008-16 … (2 comments)
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iowa property exchange: Iowa Landlord Association Event on 4/17/08 - 04/16/08 03:24 PM
On April 17, 2008, the Iowa Landlord Association will sponsor the 2008 Spring Educational Seminar and Trade Show at the downtown Holiday Inn, 1050 6th Avenue, in Des Moines. The event starts at 8:00 A.M. and runs until 3:30 P.M. The speakers and their subjects are as follows:
Dave Sollenbarger, … (0 comments)
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iowa property exchange: IRS Subtly Encourages Compliance – An Example - 04/06/08 06:35 PM
A few weeks back, the Internal Revenue Service and the Tax Division of the Justice Department took action to encourage potential exchangers to comply with the rules of Section 1031. (In reality, the IRS had little choice given the blatant fraud that was allegedly perpetrated.)
A gentleman named William Franklin Jones … (6 comments)
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iowa property exchange: Ways to Increase Your Return on Equity - 04/04/08 04:48 PM
This is a follow-up to a posting written yesterday about Return on Equity. In that blog, I promised to return to offer solutions for increasing the investor’s Return on Equity, and that is the subject of this post.
Please check out yesterday’s blog if you have any question about what Return … (0 comments)
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iowa property exchange: Return on Equity - 04/03/08 05:08 PM
Return on Equity is the subject today. In an earlier blog, I promised to get back to the ideas that were presented last Saturday at the Omaha Landlord Association’s event that featured Tom Lundstedt, “the funniest investment and tax guy in America.” The crux of what I took out of the … (0 comments)
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iowa property exchange: Omaha Landlord Association Event, March 29, 2008 - 03/30/08 08:33 PM
Last Saturday, March 29, 2008, the Omaha Landlord Association put on a great event. The day featured speaker Tom Lundstedt (www.tomlundstedt.com), who is billed as “the funniest investment and tax guy in America!” Based on my experience on Saturday, if he is not the funniest, I don’t know who is. … (0 comments)
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iowa property exchange: Iowa Land Price Survey Shows 12% Rise in Six Months - 03/25/08 02:29 PM
A recent survey of farmland real estate brokers shows that the price of Iowa’s best farmland rose by an average of 12 percent from September 2007 through February 2008. This survey was conducted by the Iowa Farm and Land Chapter 2 Realtors Land Institute, as it has been done every March … (3 comments)
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iowa property exchange: Two Rivers Real Estate Investor’s Association Meeting - 03/14/08 03:21 PM
I have been honored with an invitation to speak at the Two Rivers Real Estate Investor’s Association monthly meeting on Wednesday, March 19, 2008. The meeting will be held at the Agribusiness of Iowa Building, 900 Des Moines Street, Des Moines, IA, from 6:00 pm to 7:30 pm. Click for … (4 comments)
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iowa property exchange: New IRS Summary Publication on Tax-Deferred Exchanges - 03/10/08 03:51 PM
Recently, the Internal Revenue Service put out a nice little summary of Section 1031 like-kind, tax-deferred exchanges. “FS-2008-18” (FS = Fact Sheet) does a great job of summarizing the requirements, pitfalls, and advantages of like-kind exchanges.
The article starts off by observing that generally the seller of business or investment … (2 comments)
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iowa property exchange: Free Spreadsheet to Learn Why Your Clients Should Consider a Tax-Deferred Exchange - 03/07/08 03:49 PM
Do you want an easy way to learn why you and your clients should consider a Section 1031 tax-deferred exchange? Over the past few weeks, I have been fine-tuning a couple of Buy and Hold vs. Buy and Exchange Spreadsheets. I think they are finally ready for prime-time, so I want … (31 comments)
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iowa property exchange: Midwest Farmland Prices Increased an Average of 16% in 2007 - 03/04/08 04:38 PM
Midwest farmland prices increased an average of 16% in 2007, according to the Chicago Federal Reserve Bank’s annual survey of agricultural lenders. The 7th Federal Reserve District that is based in Chicago consists of all of Iowa and half or more of four other states: Michigan, Wisconsin, Indiana, and Illinois.
According … (7 comments)
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iowa property exchange: Guidance on the Exchange of Vacation Homes via Rev. Proc. 2008-16 - 02/20/08 11:59 AM
Guidance on the exchange of vacation homes via Revenue Procedure 2008-16 was provided recently by the Internal Revenue Service. This procedure was brought about as a result of last year’s case in Tax Court Moore v. Commissioner, (T.C. Memo 2007-134) and a subsequent report by the Treasury Inspector General for Tax … (6 comments)
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iowa property exchange: Iowa Land Investment Expo—a Most Excellent Event - 02/19/08 08:35 PM
The first Iowa Land Investment Expo was held in West Des Moines, Iowa, last Friday, February 15, 2008, at the West Des Moines Marriott. The event brought together a diverse group of investors, farmers, exhibitors and others.
The day started off with a discussion between Don DeWaay of DeWaay Capital Management … (7 comments)
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iowa property exchange: Today’s Farm Bill / Section 1031 Update - 02/15/08 08:39 PM
Today’s Farm Bill / Section 1031 update has to do with comments made today at the Iowa Land Investment Expo by Elizabeth Williams of DTN. Her assignment, as one of the keynote speakers, was to update the attendees on the Farm Bill. I expected her to discuss subsidies, pricing issues, and … (2 comments)
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iowa property exchange: Humor - Neologisms - 02/14/08 04:06 PM
Although there is little doubt that my typical blog posting is full of humor from start to finish… I’ve never written a blog that was designed at the outset to be humorous. Okay, so that first part is a stretch...
At any rate, the Washington Post apparently periodically asks its … (7 comments)
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iowa property exchange: Once Again on the Farm Bill - 02/13/08 03:52 PM
One more time on the Farm Bill… I reported in my blog Would You Like Some Good News? Success Regarding Like-Kind Status in the Farm Bill on January 25, 2008, that the provision in the Senate version of the bill that had sought to re-define like-kind status as it pertains to … (0 comments)
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iowa property exchange: Omaha1 Real Estate Investment Association Meeting - 02/13/08 11:33 AM
You are invited to the Omaha1 Real Estate Investment Association meeting to be held on Monday, February 18, 2008, at the Westside Community Conference Center, 3534 South 108th Street, Omaha, Nebraska, and beginning at 7:00 p.m.
Come hear Ken Tharp from IOWA EQUITY EXCHANGE speak on the subject of … (0 comments)
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iowa property exchange: Iowa Land Investment Expo - 02/13/08 10:56 AM
The first Iowa Land Investment Expo will be held in Des Moines, Iowa, this Friday, February 15, 2008, at the West Des Moines Marriott, 1250 Jordan Creek Parkway, West Des Moines, Iowa.
IOWA EQUITY EXCHANGE is pleased to be an Exhibitor at this great event. Ken Tharp will be present … (2 comments)
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iowa property exchange: Commercial Revenues Up At One Firm During 2007 - 02/06/08 12:20 PM
Commercial revenues were up at one firm during 2007, according to an article in the Commercial Real Estate Weekly email publication of Business Publications Corporation in Des Moines, Iowa.
The Quad City Times reports that NAI Ruhl & Ruhl Commercial Company set a sales record for the firm in 2007, … (0 comments)
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iowa property exchange: Land, India, Crop Prices, and Hershey’s Chocolates - 02/01/08 03:08 PM
What possible connection could land, India, crop prices, and Hershey’s chocolates have to one another? This may take a few minutes…
Three recent articles have driven home to me the reasons that the public is unusually uncertain about what is going on in our economy. First was an article online at … (3 comments)
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iowa property exchange: Would You Like Some Good News? Success Regarding Like-Kind Status in the Farm Bill - 01/25/08 10:37 AM
Would you like some good news? There has been success regarding the like-kind status in the Farm Bill! More to come on this later, but for now, please allow me to announce that the provision contained in the Senate version of the Farm Bill that sought to re-define the concept of … (3 comments)
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