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midwest 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. (By the way, I am posting this after the fact because I did not find out about the event until last Thursday.)
The reason I was there, from two hours away in West Des Moines, was to be one of the exhibitors who were able to expose their services and … (0 comments)
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midwest 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 and September since 1978. The RLI is composed of real estate brokers who specialize in farm and land sales, farm management, and appraisals. The results were cited in an article in the Sunday Des Moines Register on March 20, 2008.
Troy Louwagie, the survey chairman as well as a real … (3 comments)
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midwest 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 map.
There is a nominal fee of $10.00 to attend the meeting (goes to the association, not me!), or you can elect to pay $20.00 that will cover you for the entire quarter.
We’re going to talk about the basics of Section 1031 tax-deferred like-kind exchanges, plus we’ll get into some … (4 comments)
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midwest 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 property is liable for tax on any gain, but Section 1031 allows for an exception for those who perform a tax-deferred exchange. Further, exchanges can result in full or partial tax deferral, depending upon whether cash, relief from debt, or non-like-kind property was received in the transaction.
The article is presented … (2 comments)
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midwest 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 to make them available to you, my Active Rain friends. These spreadsheets compare the idea of buying property and holding it to buying the same property but using a Section 1031 tax-deferred exchange after five years to releverage the investment into more valuable property.
I think the value of these … (32 comments)
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midwest 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 subsidized agricultural land (see earlier blog The Next Verse… Today’s Update on the Farm Bill and others) had been pulled from the bill in conference committee. While I believe that remains true, a letter I received yesterday from Senator Charles Grassley (R-IA) raises a question or two in my mind.
… (0 comments)
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midwest 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 Section 1031 tax-deferred exchanges. Ken will present the basics of the Section 1031 process and get into some of the more sophisticated applications as well. Bring your questions and your particular situation. Take-home materials will be available at the meeting.
Come visit with Ken, learn about tax-deferred exchanges, and see why … (0 comments)
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midwest 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 all day to answer your questions about Section 1031 tax-deferred exchanges and how they might be utilized in your situation. Take-home materials will be available, and there will even be a drawing at the IOWA EQUITY EXCHANGE booth at the end of the day for a $50.00 gift certificate to Fire … (2 comments)
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midwest 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, eclipsing $260 million in sales and closed transactions. That figure is up 4% from sales volume in 2006. Ruhl & Ruhl is based in the Quad Cities, which is a conglomeration of cities on both sides of the Mississippi River in Iowa and Illinois, the largest of which is Davenport, Iowa. … (0 comments)
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midwest 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 cattlenetwork.com. It compared what is happening today with commodity prices and land values with what happened in the mid-nineties. In 1996, new-crop corn on the futures market rose as high as $3.83 per bushel in July, after which the price began a five-year decline—the following year’s pricing never rose above … (3 comments)
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Ken Tharp - Section 1031 Exchanges, Iowa/U.S.
West Des Moines,
IA
More about me…
Iowa Equity Exchange
Address: Des Moines, Iowa, Nebraska, Kansas, Oklahoma, Missouri, South Dakota, North Dakota, Minnesota, Wisconsin, Illinois, Indiana
Office Phone: (800) 805-1031
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