iowa qualified intermediary: Iowa Land Prices Decline; First Time in Nine Years - 12/18/09 12:29 PM
Iowa State University economist Michael Duffy reports that average farmland prices dipped 2% over the course of 2009, the first decline since 1999. The primary culprit for the decrease was a drop in corn, soybean and livestock prices, according to Duffy. The average value of an acre of Iowa farmland decreased … (0 comments)
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iowa qualified intermediary: Section 1031 Exchanges and Conservation Easements - 10/26/09 03:14 PM
Did you know that if you own land and sell an easement to that land to a government agency, it is likely that your transaction is eligible for Section 1031 exchange treatment?
Emergency Watershed Protection Program (EWPP) and Wetlands Reserve Program (WRP) easements are being purchased by the Iowa Department of … (1 comments)
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iowa qualified intermediary: The Requirements for Maximum Tax Deferral - 10/26/09 12:04 PM
You'd think it would be fairly simple to list the requirements to defer the maximum amount of capital gain taxes through the use of a Section 1031 exchange. As I set out to write this article, though, I realize that like a lot of other aspects of exchanges, it takes … (2 comments)
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iowa qualified intermediary: Defining the Exchange Term "Like-Kind" - 08/18/09 04:12 PM
Many people hear the term "like-kind" when they're talking about Section 1031 exchanges and they start to panic. Please, relax! I've got an easy way for you to figure out whether two properties are like-kind to each other for purposes of exchanging.
First of all, a caveat... the easy way … (1 comments)
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iowa qualified intermediary: Can I Use a Section 1031 Exchange to Build or Improve a Property? - 05/28/09 10:43 AM
Occasionally a client will ask that question, and we can usually answer, "YES!" It does depend upon exactly what the client's plans and intentions are, but in general, the replacement property in a Section 1031 exchange can be newly constructed during the exchange or substantially improved during the exchange. Here are … (2 comments)
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iowa qualified intermediary: Government 101 - Boring Title, Not Boring Information - 05/13/09 03:31 PM
Granted, a title of "Government 101" likely doesn't draw in many readers. I hope that the subtext indicating that the information isn't boring will encourage a few folks to take a look at this fantastic video.
Have you ever wondered about the origins of our republic? Why it is such an … (0 comments)
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iowa qualified intermediary: Iowa Landlord Association Spring Educational Seminar & Trade Show - 04/28/09 10:00 AM
Short notice, but I wanted to announce the Spring Educational Seminar and Trade Show of the Iowa Landlord Association. It will take place on Thursday, April 30, at the downtown Holiday Inn. There will be a succession of speakers on relevant topics to landlords. During breaks, please stop in at the … (1 comments)
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iowa qualified intermediary: Two Rivers REIA First Annual Convention - May 9th, 2009 - 04/28/09 09:46 AM
Announcing the first annual convention of the Two Rivers Real Estate Investors Association, to be held on May 9, 2009, at the Des Moines Holiday Inn Airport Conference Center. Two nationally-recognized speakers will be making presentations to the group: Larry Goins, of South Carolina, and Pete Youngs, of Georgia. Larry's … (0 comments)
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iowa qualified intermediary: What Do I Put in My Purchase Agreement if I Want to Do a Section 1031 Exchange? - 04/10/09 03:57 PM
One of the most common questions we receive is something along the lines of "What do I put in my Purchase Agreement if I want to do a Section 1031 exchange?" The answer can sometimes be, "Nothing," although we do suggest that you use what is known as a cooperation clause. … (2 comments)
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iowa qualified intermediary: Selling, Serving and Being Serious - 03/30/09 10:42 AM
This will be a first... I'm going to give you an inside look at what it is we are trying to do here at Iowa Equity Exchange. First of all, props to Jeffrey Gitomer for a column on this topic that prompted me to devote detailed thought to these things. Let's … (0 comments)
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iowa qualified intermediary: Iowa Farmland Value Report - 03/12/09 04:50 PM
In a further confirmation that values have peaked at least for now, the REALTORS® Land Institute semi-annual survey shows a 7.6% drop in the price for farmland over the six months ending February 28 of this year. This survey is conducted every six months and consists of input from the state's … (2 comments)
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iowa qualified intermediary: Have Iowa Farm Land Values Peaked? - 03/06/09 04:28 PM
In what could hardly be termed a surprise, the Des Moines Register reported on February 21, 2009 that farm land values in Iowa declined 6% during the final quarter of 2008 according to the Federal Reserve Board of Chicago. This is the first such drop in a decade. The primary contrbuting … (2 comments)
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iowa qualified intermediary: Is the Term "Like-Kind" Confusing to You? Here's a Simple Explanation - 03/02/09 04:35 PM
Does it confuse you when you hear that property in an exchange must be exchanged for "like-kind" property? In the talks that I give to real estate agents, investors, attorneys and accountants, I think I've hit on an easy way to determine whether or not the property being sold is like-kind … (0 comments)
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iowa qualified intermediary: The Top Ten (Actually, Eleven) Reasons People Use Section 1031 Tax-Deferred Exchanges - 02/12/09 07:50 PM
learly, the overriding reason is the ability to defer payment of capital gain taxes, including the recapture of depreciation. With depreciation recapture at 25% (or more, depending upon the type of depreciation taken and the period over which that depreciation was taken) and federal capital gain tax at 15%, plus state … (0 comments)
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iowa qualified intermediary: To Combine or Not to Combine - That is the Question - 02/04/09 04:33 PM
What the title of this blog refers to is whether or not it makes sense to sell or buy more than one property in a single Section 1031 tax-deferred exchange. First we must establish the fact that more than one property can be sold and/or purchased within one 1031 exchange. In … (2 comments)
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iowa qualified intermediary: The Power of the Section 1031 Tax-Deferred Exchange - Free Spreadsheet - 01/29/09 01:44 PM
Here's another spreadsheet for your entertainment and enlightenment. If you've been following this blog for awhile, you may remember an earlier spreadsheet that compared buying and holding a property for ten years to buying the same property, holding it for five years, exchanging into another property, and holding the new property … (3 comments)
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iowa qualified intermediary: Apartment Sales Report - Des Moines, Iowa - 01/27/09 04:30 PM
I hate negative news. But facts is facts. When it comes to the sale of apartment properties in the Des Moines market, there's not a lot of positive news right now. If you only want positive news, skip to the last paragraph and I'll give you the best spin I can … (2 comments)
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iowa qualified intermediary: Liquidity of funds - doesn't sound exciting? Read on... - 01/22/09 12:41 PM
What could be more exciting than a discussion of the liquidity of funds, right? Okay, so it sounds pretty dry. Let me try to explain why it's actually of critical importance.
In my opinion, the cornerstone responsibility that a Qualified Intermediary has to his client is to protect the client's money … (0 comments)
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iowa qualified intermediary: Section 1031 Exchanges and the Auction Industry (Part 3) - 01/14/09 01:57 PM
In the summer of 2008, I was honored to be asked to author an article for The Auctioneer, the official publication of the National Auctioneers Association, on the subject of Section 1031 exchanges and their application within the auction industry. The article was published in the September 2008 issue. If you … (3 comments)
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iowa qualified intermediary: Section 1031 Exchanges and the Auction Industry (Part 2) - 01/14/09 01:34 PM
In the summer of 2008, I was honored to be asked to author an article for The Auctioneer, the official publication of the National Auctioneers Association, on the subject of Section 1031 exchanges and their application within the auction industry. The article was published in the September 2008 issue. If you … (0 comments)
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