1031 exchanges: An Attorney's Point of View: The VALUE of a GOOD Buyer's and Seller's Agent - Why You Need One! - 07/03/08 01:34 PM
[REVISION 7/4/08 (original post 7/3/08): The purpose of this post is to educate the public regarding the value a GOOD agent will bring to the transaction, why their fees are justified and how to find a GOOD agent]
Over the past few days there has been a HEATED ongoing debate regarding whether agents … (8 comments)
On May 22, 2008, Congress enacted the Food, Conservation and Energy Act of 2008 which is often referred to as the Farm Bill. Among other things, the Act amends IRC Section 1031(a)(2)(B) to exclude mutual ditch, reservoir or irrigation company stock from the … (3 comments)
1031 exchanges: Silver Complex Firefighters Could Use Donations of Supplies - How You Can Help! - 06/26/08 07:23 PM
I recently received an email from the Yosemite Gateway Association of Realtors indicating that the firefighters who have been fighting the Silver Complex fires could use donations for incidental supplies to make them more comfortable while they are protecting our homes and forests. If you are interested in providing these … (0 comments)
Three fires are located northwest of the town of Oakhurst, south of Fish Camp, just south of Ponderosa Basin, and in the Timber Loft area. … (4 comments)
1031 exchanges: 1031 EXCHANGES MAY BENEFIT INVESTORS FACING FORECLOSURE - 06/26/08 06:32 PM
I know it sounds weird but it could help an investor in a very specific set of circumstances.
In the last post we examined the options available for taxpayers who had debt forgiven or canceled on their principal residence. But what about those who own investment property who are facing … (6 comments)
This issue has come up twice this week. Once on an AR blog and once in the course of my business. So here you go. . .
When a client selects a Qualified Intermediary (QI, accommodator, facilitator) and decides to open an exchange account a number of contractual things … (10 comments)
Well, remember that when a taxpayer engages in a 1031 Tax Deferred Exchange (selling investment property and exchanging into a new investment … (4 comments)
Well, remember that when a taxpayer engages in a 1031 Tax Deferred Exchange (selling investment property and exchanging into a new investment … (6 comments)
Are you blaming it on the market? Are you sure it's the market and NOT your telephone policy?
Don't miss Part 2 in the series.
Clients and Agents … (13 comments)
FRONT OFFICE PERSONNEL
Are they Performing?
If the person answering your office phone is unprofessional, discourteous, incompetent or apathetic, you could be losing business. A great … (2 comments)
Are you blaming it on the market? Are you sure it's the market and NOT your telephone policy?
Don't miss Part 2 in the series.
Clients and Agents … (6 comments)
1031 exchanges: 1031 Exchanges - Thinking About Investing In Real Estate With Other People? Read this First! - 05/16/08 02:27 PM
Partnerships V. Co-Ownership
Many investors consider asking other investors to join them in the purchase of an investment property. This arrangement can be very beneficial because it gives the parties the opportunity to invest in property they may not have been able to afford on their own and it spreads the … (10 comments)
1031 exchanges: 1031 Exchanges - Can You Convert A Rental Into A Residence? - 05/16/08 12:59 AM
"MANY TAXPAYERS CAN TAKE ADVANTAGE OF TWO TAX CODE SECTIONS"
After the Q & A, I thought I write a summary of the current state of rentals and residences and converting them. Here are some of the issues to review with the tax advisor when considering converting an investment property to a … (8 comments)
1031 exchanges: 1031 Exhanges - REAL LIFE Q & A - RE: How Long Before I Can Move In? - 05/16/08 12:48 AM
REAL LIFE QUESTION AND ANSWERS
Today, I received a question from a reader of my blog. It is a very common question, so I thought I'd give you both the actual question and my answer. All identifying information has been removed. Click here for more formal information regarding converting a rental … (0 comments)
1031 exchanges: PHONE/EMAIL SCAM RE: IRS Economic Stimulus - 05/15/08 12:26 AM
Please Alert Your Clients to This Scam
I received this email today purporting to be from the IRS regarding collecting my IRS Economic Stimulus Rebate. It is a scam. Note that the link listed does not even include www.irs.gov. I apologize for the poor resolution of the screen shot. (I'm still learning … (6 comments)
1031 exchanges: 1031 Exchanges - Earthquake Preparedness - 05/10/08 11:05 PM
U.S. Geological Service Issues Report on California
They reported that there is a 99% chance that California will experience a 6.0+ earthquake in the next 30 years. Southern California's has a slightly higher chance for a large scale earthquake than northern California.
What that means is that every family needs to … (2 comments)
1031 exchanges: Fresno Association of Realtors Golf Tournament - 05/10/08 10:54 PM
Last Wednesday - Great Tournament
A full complement of golfers took to the links at Riverbend Golf Course to participate in the Annual FAR Golf Tournament. Many affiliates developed creative themes for the holes they sponsored. Asset Preservation, Inc. sponsored Hole Number 12, where we served Montana Amazon drinks and salami … (2 comments)
1031 exchanges: 1031 Exchanges - LLCs & Partnerships - 05/10/08 10:41 PM
It's Important Who Drafts the Operating Agreement and Partnership Agreement
Recently, I was called by a former client who was concerned because he was the managing member of an LLC that had done a multiple property exchange. One of the other members, an attorney, had drafted the LLC's Operating Agreement (the … (4 comments)
Discussing 1031 Exchange Issues and Related Real Estate Issues in California. Specifically focusing on the Merced, Madera, Fresno, Selma, Reedley, Oakhurst,Visalia, Hanford, Porterville and Bakersfield areas.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
[REVISION 7/4/08 (original post 7/3/08): The purpose of this post is to educate the public regarding the value a GOOD agent will bring to the transaction, why their fees are justified and how to find a GOOD agent]
;)
;)
