1031 or 1033 exchange questions - 04/30/08 10:57 PM
1031 or 1033 exchange questions
If anyone has 1031 or 1033 exchange questions please let me know.  My company focuses on the more difficult exchange issues.  I'm a local QI in the San Joaquin area, my company has local investors, local office and local banking relationship to deposit clients exchange funds into.   If you have any questions about exchanges please give me a call, and we can review all the options that are available to you, and your clients.  … (4 comments)

1031 Exchange what is it? - 04/30/08 10:49 PM
Section 1031 - 1031 Exchange of Property Held for Investment
Section 1031 of the Internal Revenue Code ("1031 exchange") provides that property held as rental or investment property or property used in your business ("relinquished property") can be exchanged for "like-kind" property also held as rental or investment property or property used in your business ("replacement property") allowing you to defer your Federal, and in most cases, state capital gain and depreciation recapture income tax liabilities.
It is important to note that 1031 exchange transactions are tax-deferred exchanges - not tax-free exchanges - as many speakers, authors and advisors frequently refer to them.  Your … (2 comments)

Can Closing Costs be included in a 1031 Exchange - 04/24/08 12:13 AM
Closing Costs
A. There is little definitive authority in the IRC or Regulations as to whether the
taxpayer incurs a tax liability on amount of money paid for closing expenses
B. The payment of real estate brokerage commissions does not result in taxable boot
Revenue Ruling 72-456, 1972-2 CB 468
i. Commissions paid by the taxpayer are added to the basis of the replacement
property
C. Most tax experts conclude that the payment of many non-recurring costs of sale or
purchase from the exchange proceeds should not create taxable boot
i. Title insurance premiums
ii. Escrow or closing agent fees
iii. Recording fees
iv. Intermediary fees
v. Documentary transfer taxes
vi. Legal fees
vii. Property inspections
D. … (4 comments)

IRC Section 121 – Exclusion of Capital Gain from the Sale of Principal Residence IRC - 04/23/08 11:38 PM
IRC Section 121 - Exclusion of Capital Gain from the Sale of Principal Residence IRC
§121; 1997 Taxpayer Relief Act
i. Amount of gain excluded from gross income shall not exceed $250,000 for
individual taxpayers and $500,000 for married taxpayers filing jointly
ii. Must have been the principal residence of taxpayer (both spouses) 24 out of last
60 months
1. Months do not have to be consecutive
iii. Application is limited to 1 sale every 2 years
iv. A portion or all of the taxable gain may be excluded if the failure to comply is
due to change of employment or health, or other unforeseen circumstances
… (0 comments)

Partnership interest and 1031 Exchanges - 04/23/08 11:28 PM
A. Partnership interests are not exchangeable
B. Partnerships can complete a 1031 exchange
C. Problems may occur when partners have different investment goals
i. Cash out of partnership
ii. Sell rather than exchange
iii. Solutions
1. Partnership dissolves under IRC Section 708
2. Partnership completes exchange; refinances property; distributes cash to
partners who do not want to participate in the exchange
3. Partnership completes exchange; reorganizes under co-tenancy ownership,
where two or more owners each hold an undivided fractional interest in
property; distributes property according to each co-tenant's pro-rata interest
4. Partnership reorganizes under co-tenancy ownership where each owner has
an undivided fractional interest in property; each co-owner pursues its
individual investment goals
a. Has the … (2 comments)

IRC Section 1033 – Involuntary Conversions of Property IRC §1033 - 04/23/08 11:18 PM
IRC Section 1033 - Involuntary Conversions of Property IRC §1033
i. Non-recognition of gain when exchange proceeds are reinvested in property that
is similar or related in service or use to the property involuntarily converted
1. Section 1033A - Property loss or destruction, such as earthquakes
a. Replacement period of 2 years
2. Section 1033G - Eminent domain
a. Replacement period of 3 years
If you have any questions relating to 1031 exchanges or the qualified use requirement, please contact me at:
EXETER 1031 EXCHANGE SERVICES, LLC
Steven W. Monk
Vice President and Regional Manager
… (0 comments)

Property that can not be 1031 Exchanged - 04/22/08 12:41 AM
Excluded Property
i. Property held for personal purposes, such as homes, automobiles, or boats
ii. Cash
iii. Stock in trade or other property held primarily for sale, such as inventory, raw
materials, and real estate held by dealers
iv. Stocks, bonds, or notes, or other securities, or evidences of indebtedness, such
as accounts receivable
v. Partnership interests
vi. Certificates of trust or beneficial interests
vii. Choses in action
EXETER 1031 EXCHANGE SERVICES, LLC
Steven W. Monk      
Vice President and Regional Manager
… (2 comments)

Holding Period for 1031 Exchanges - 04/22/08 12:12 AM
Holding Period
i. Exchanges between unrelated parties - Holding requirements are not clearly
defined
ii. Exchanges between related parties require a minimum holding period of two
years
1. Related parties include
a. Family members (spouses, siblings, parents, and children, but not
cousins, uncles, aunts, in-laws, stepparents, nephews, nieces, or exspouses)
b. Two corporations that are members of the same controlled group or that
are controlled by the same individuals
c. A grantor and a fiduciary or a fiduciary and a beneficiary of the same
trust
d. A partnership in which a person owns directly or indirectly more than
50% of the capital interest or profits interest
e. A corporation and a partnership in which the … (0 comments)

Deferring 100% of the Gain During a 1031 Exchange - 04/22/08 12:09 AM
Deferring 100% of the Gain
A. Acquire a replacement property that is equal to or greater than the value of the
relinquished property
B. Reinvest all of the net equity from the relinquished property in the replacement
property and
C. Acquire debt on the replacement property that is equal to or greater than the debt
on the relinquished property Treas. Reg. §1.1031(d)-2
i. If the debt on the replacement property is less than the debt on the relinquished
property, then taxpayers may contribute additional cash to balance the exchange
EXETER 1031 EXCHANGE SERVICES, LLC
Steven W. Monk      
Vice President and Regional Manager
… (0 comments)

Completing a Partial 1031 Exchange - 04/22/08 12:06 AM
Completing a Partial Exchange
A. The receipt of any excess cash, net reduction in replacement property debt, net
reduction in replacement property value, excluded property, and/or non-like-kind
property by the taxpayer in the exchange is taxable and termed boot IRC §1031(b)
i. The receipt of excess cash in an exchange is termed cash boot
ii. The net reduction in replacement property debt is known as mortgage boot or
mortgage relief
iii. No losses are recognized under Section 1031, even if non-qualifying property is
received in the exchange IRC §1031(c)
iv. Seller carry-back financing cannot be a part of the exchange unless the taxpayer
can sell the note at a discount to … (2 comments)

An Invitation to discuss 1031 Exchanges in Bakersfield CA, Seating still Available - 04/22/08 12:02 AM
An Invitation to discuss 1031 Exchanges in Bakersfield CA, Seating still available
An Invitation to discuss
 Section 1031 Tax-Deferred Exchanges
and
Annual Property Operating Data System
This is an intermediate level discussion on Section 1031 Tax-Deferred Like-Kind Exchange transactions. Focusing on Forward, Reverse and even Build-to-Suit type exchanges as like-kind replacement property solutions.  The program will include the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a 1031 Exchange.  As an added bonus participants will be given a basic understanding of Annual Property Operating Data (APOD) report, an essential element to the analysis of investment property.
 
Presented by:
Mary Sawyer, CCIM  
President, & Chief … (0 comments)

Get your Exeter 1031 Exchange Services Brochure - 04/20/08 06:28 PM
Get your Exeter 1031 Exchange Services Brochure
Are you looking for more information on 1031 Exchanges and Exeter 1031 Exchange services?  This informative brochure explains why Exeter 1031 Exchange Services, LLC is your ideal partner for forward, reverse and build-to-suit 1031 exchange transactions.  Learn about the Exeter four-point promise of service excellence.
Request Your Brochure...
… (0 comments)

Try our discussion board - 04/20/08 05:58 PM
If you have questions we have the answers.  Try out the Exeter Board, a forum where you can interact with professionals and investors involved in real estate and 1031 tax-deferred exchanges. Here, you can ask questions, trade ideas, voice your opinions and get a pulse on the real estate economy.
To contribute to the Exeter Board you must register as a user, which takes only a few minutes.  Just click the link below.
http://exeterboard.com/forums/
Steve
… (0 comments)

NFL Draft Day - 04/19/08 04:30 PM
Yes its that time of the year, the NFL draft is on tract for next week.  My team is the 49ers and they need some help, but can they depend on the draft to get the needed help that is going to be required to get back into the hunt for a playoff spot.  Any other 9er fans out there.
… (2 comments)

Are TICs back as a replacement property? - 04/19/08 12:49 AM
The last four exchanges my clients have completed found replacement property in the tenant in common (TIC) world.  It seems odd to me that the TIC properties as a replacement property for a 1031 exchange are on an upswing for my clients.  Over the last year the TIC properties have been exceedingly quiet, now however, they seem to be back as a favorite option for replacement property.  Click here to find out more about what TIC properties are.
  http://activerain.com/blogsview/475176/Overview-of-Tenant-In
EXETER 1031 EXCHANGE SERVICES, LLC
Steven W. Monk
Vice President and Regional Manager
… (0 comments)

Overview of Tenant-In-Common Investment Property Interests or TICs - 04/19/08 12:43 AM
Overview of Tenant-In-Common Investment Property Interests or TICs
As a Qualified Intermediary for 1031 Exchange transactions, one of the concerns that we often hear about from Investors when structuring 1031 Exchange transactions is the difficulty in locating, identifying and ultimately acquiring suitable like-kind replacement properties within the required 1031 Exchange deadlines.
Investors often rush into an acquisition of a like-kind replacement property that is not particularly well suited for their investment goals and objectives when faced with a rapidly approaching 1031 exchange deadline.  Although the income tax benefits of completing a 1031 Exchange transaction are important, the financial and economic aspects and benefits … (0 comments)

An Invitation to discuss 1031 Exchanges in Bakersfield CA - 04/19/08 12:19 AM
An Invitation to discuss
 Section 1031 Tax-Deferred Exchanges
and
Annual Property Operating Data System
This is an intermediate level discussion on Section 1031 Tax-Deferred Like-Kind Exchange transactions. Focusing on Forward, Reverse and even Build-to-Suit type exchanges as like-kind replacement property solutions.  The program will include the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a 1031 Exchange.  As an added bonus participants will be given a basic understanding of Annual Property Operating Data (APOD) report, an essential element to the analysis of investment property.
 
Presented by:
Mary Sawyer, CCIM  
President, & Chief Executive Officer  
Portfolio Properties  
And  
Steven W. Monk  
Vice President, Northern … (2 comments)

Is Real Estate Picking Up? - 04/18/08 11:47 PM
The market seems to be picking up at least for 1031 exchanges in the San Joaquin Valley (Central Valley of California).  This is going to be the biggest month I've had in two years.  My phone has been ringing a lot more lately with questions about new exchanges, which means people are selling more property.   Has anyone else noticed an increase in activity?
Steve
… (6 comments)

Guest Lecture at CSUF, (redo) - 04/17/08 07:06 PM
Guest Lecture at CSUF
I was invited to be a guest lecturer for a finance class at California State University, Fresno on the subject of 1031 exchanges.  It was great to see such a high level of interest and optimism by the younger generation who are so excited about jumping into the Real Estate market and help turnaround the sluggish commercial and residential Real Estate markets.  The number of sophisticated questions that were asked was very impressive.   I have already been asked to lecture to this class again and I'm looking forward to it.  Helping college students who have so many great … (0 comments)

During a 1031 Exchanges Who Should You ID Your Replacement Property To - 04/16/08 11:28 PM
During a 1031 Exchanges Who Should You ID  Your Replacement Property To 
We have all heard it before...what if I identified to my broker, my accountant, etc.  Here is a quote from the new IRS Fact Sheet.  We now know that brokers will not qualify.  This should help deal with some of those clients.  
"The identification must be in writing, signed by you and delivered to a person involved in the exchange like the seller of the replacement property or the qualified intermediary. However, notice to your attorney, real estate agent, accountant or similar persons acting as your agent is not sufficient."
Now we know … (4 comments)

Is there ever a situation in which the 1031 Exchange is not a good idea? - 04/16/08 11:22 PM
Is there ever a situation in which the 1031 Exchange is not a good idea?  Yes, absolutely.  1031 Exchanges are not for everyone and may not be appropriate under certain circumstances.  You would generally not want to structure a 1031 Exchange if you have an actual loss on the sale of your real property because you will want to recognize the loss for income tax purposes.  Suspended passive activity income tax losses may be used to offset certain gains as well, so you may decide not to structure a 1031 Exchange or to structure a partial 1031 Exchange in order to … (7 comments)

Holding Title to Real Estate in an Entity During 1031 Exchanges Can Complicate Transactions - 04/13/08 05:05 PM
Holding Title to Real Estate in an Entity Can Complicate Transactions
The holding issue becomes substantially more complicated when you either hold legal title to the relinquished property, or intend to hold legal title to your replacement property in a partnership, corporation or multi-member limited liability company.   The partnership, corporation or multi-member limited liability company can certainly sell relinquished property held in the entity's name and then purchase like-kind replacement property to be held by the same entity and still qualify for 1031 exchange treatment. 
The difficulties arise when some of the underlying shareholders, partners or members of the multi-member entity … (0 comments)

Suggested Due Diligence Questions for your 1031 Exchange QI - 04/12/08 02:58 PM
Suggested Due Diligence Questions
Exeter 1031 Exchange Services, LLC has put together some suggested due diligence questions that you should ask prospective 1031 Exchange Qualified Intermediaries.  While there are numerous other issues that should be considered, Exeter 1031 Exchange Services, LLC feels these are the most important issue that should be on the top of your due diligence list.
How many years have you been administering 1031 Exchange transactions?How many 1031 Exchanges have you administered (individual 1031 Exchange officer and 1031 Exchange Qualified Intermediary)? Do you maintain fidelity bond insurance coverage to insure against employee theft, embezzlement or misappropriation of the 1031 Exchange … (0 comments)

Sample 1031 Exchange Cooperation Clause - 04/12/08 02:46 PM
Sample 1031 Exchange Cooperation Clause
Legal Disclaimer
EXETER 1031 Exchange Services, LLC is pleased to provide the following sample 1031 exchange cooperation clause language as a courtesy to you and your legal, tax or financial advisors.
The following sample cooperation clauses may not be appropriate or suitable under certain circumstances.  1031 exchanges can be extremely complex transactions.  You should always consult with your legal, tax and financial advisors prior to executing any Purchase and Sale Agreements, Escrow Instructions, Tax-Deferred Exchange Agreements and/or any other related transactional documentation for guidance in selecting the most appropriate cooperation clause language to use for your specific 1031 exchange … (0 comments)

Earnest Money Deposits, Extension and/or Option Payments Released to Investor Before Closing of Relinquished Property Sale - 04/12/08 02:42 PM
Earnest Money Deposits, Extension and/or Option Payments Released to Investor Before Closing of Relinquished Property Sale
Purchase and Sale Contracts ("Sale Contracts") often contain provisions or clauses that provide for the early release (payment) of earnest money deposits, extension payments, option payments or other funds before the close of the relinquished property sale transaction.
Taxable Boot
Early releases of earnest money deposits, extension payments, option payments or other funds prior to the closing of the relinquished property sale transaction are common, acceptable and often preferred by the Investor (Seller).  Buyers use these payments as strategic tools to encourage Investors (Seller) to sell, to … (0 comments)

Domestic Property versus Foreign Property in 1031 Exchanges - 04/11/08 11:00 PM
Domestic Property versus Foreign Property
Property sold in one state may be exchanged for property located in another state, provided they are located with the United States of America.  Only domestic (United States) property can be exchanged for domestic property and non-domestic (foreign) property can be exchanged for non-domestic property. Domestic property can not be exchanged for non-domestic property.  Certain state and/or local exceptions may apply, so consult with your local legal and tax advisor.
EXETER 1031 EXCHANGE SERVICES, LLC
Steven W. Monk
Vice President and Regional Manager
… (2 comments)

Personal Property and 1031 Exchanges - 04/11/08 10:56 PM
Personal Property
In addition to real property, personal property also qualifies for 1031 exchange treatment if the Qualified Use Property Requirements and Like-Kind Replacement Property Tests are met.  You cannot exchange personal property for real property.  State law generally governs the determination as to whether property is classified as real or personal property. 
… (0 comments)

Properties Held For Sale (Inventory) Do Not Qualify for 1031 Exchange Treatment - 04/11/08 10:54 PM
Properties Held For Sale (Inventory)
Properties or assets acquired and held for sale do not qualify as held for investment or used in a trade or business and will typically not qualify for 1031 exchange treatment.  The acquisition of property for the purposes of fixing it up and then selling it, or what many refer to as flipping property, is a perfect example of property being held for sale and not held for investment.  Acquiring a multi-family property and converting into condos and then selling individually is also a good example of property held for sale and not for investment. There may … (1 comments)

Qualified Use Property: Do Your Assets Qualify for Exchange Treatment? - 04/11/08 10:52 PM
Qualified Use Property: Do Your Assets Qualify for Exchange Treatment? 
Your relinquished and replacement properties will qualify for 1031 exchange treatment if they are considered to be qualified use property.  And, once again there is a lot of confusing, misleading and/or inaccurate educational material and information floating around the internet today regarding what type of property or assets will qualify as qualified use property for 1031 exchange purposes.
This article is designed to help you break down the qualified use property issues and requirements into an easy to understand format, and as always you are more than welcome to contact our … (0 comments)

Full or Partial Tax Deferral - 04/10/08 10:44 PM
Full or Partial Tax Deferral
You must satisfy certain requirements in order to defer 100% of your Federal, and in most cases state, capital gain and depreciation recapture income tax liabilities on the sale of your investment property. Generally, for full tax deferral, you must (1) acquire like-kind replacement property that is equal to or greater in value than the relinquished property (based on net sales price, not equity); (2) must reinvest all of the net proceeds or cash (net equity) from the sale of the relinquished property; and, (3) must replace the amount of debt that was paid off on … (0 comments)

Advantages of a 1031 Exchange - 04/10/08 10:41 PM
Advantages of a 1031 exchange
A 1031 exchange allows you to sell your existing property (relinquished property) and purchase more profitable and/or productive properties (like-kind replacement properties) while deferring Federal, and in most cases state, capital gain and depreciation recapture income tax liabilities.
This transaction is most commonly referred to as a 1031 exchange but is also known as a delayed exchange, deferred exchange, starker exchange, and like-kind exchange. Technically speaking, it is a tax-deferred like-kind exchange pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Department of the Treasury Regulations.
EXETER 1031 EXCHANGE SERVICES, LLC
Steven … (0 comments)

Help with pool problem! - 04/07/08 11:56 PM
I've been working on my pool for the last couple of weekends, and I have to say it was looking great.  I scrub down the sides and have all the chemicals perfect.  My youngest son, who has DOWNS SYNDROME, was faithfully by my side the entire time, as we cleaned the pool and put the chemicals in.  We were all done cleaning and just waiting for the weather to warm up so the kids could start using it. 
When I came home tonight my youngest son was waiting for me, sitting on the porch like he often does waiting for dad to … (5 comments)

Here are some ways to know if you're a true San Joaquin Valley Resident - 04/05/08 05:47 PM
Here are some ways to know if you're a true San Joaquin Valley Resident
1. You can properly pronounce Visalia, Tulare, and Yosemite.
2. You think people who complain about the heat in their states are sissies.
3. A earth quake is your signal to go out in the yard and have a look see.
4. Stores don't have bags or shopping carts, they have sacks and buggys.
5. You listen to the weather forecast before picking out an outfit.  
6. Someone you know has used a football schedule to plan their wedding date. 
7. You aren't surprised to find movie rental, ammunition, beer, and bait all in the same store.
8. … (2 comments)

Special needs kids who are athletes - 04/05/08 04:43 PM
Special needs kids who are athletes.
I coach special needs kids in a variety of sports, right now it is baseball.  I have a number of very good players or what I like to call my athletes.  We have played only a couple of games however; our last game was most memorable.  It was the last inning with one out the bases loaded and my team was up by one run.  A hard hit to the shortstop produced our first double play of the year and also insured a win.  It was not a pretty play but it did seal the game … (0 comments)

Failed Tax-Deferred 1031 Exchange May Qualify for Installment Sale Treatment - 04/05/08 12:05 AM
Failed Tax-Deferred Exchange May Qualify for Installment Sale Treatment
Investors often ask "what happens to my 1031 exchange transaction if I sell my relinquished property and cannot find suitable like-kind replacement property to identify, or I cannot acquire the property that I did identify, with in the prescribed 1031 exchange deadlines?"
The advice rendered is generally that your 1031 exchange has failed and will not qualify for tax deferred treatment; in short, it's taxable. This may not be the case, however.
It is possible that the Investor could have a partial tax-deferred like-kind exchange or may be able to defer the income tax consequences … (0 comments)

Beware of schemes in 1031 Exchanges - 04/03/08 11:08 PM
Beware of schemes
Taxpayers should be wary of individuals promoting improper use of like-kind exchanges. Typically they are not tax professionals. Sales pitches may encourage taxpayers to exchange non-qualifying vacation or second homes. Many promoters of like-kind exchanges refer to them as "tax-free" exchanges not "tax-deferred" exchanges. Taxpayers may also be advised to claim an exchange despite the fact that they have taken possession of cash proceeds from the sale.
Consult a tax professional or refer to IRS publications listed below for additional assistance with IRC Section 1031 Like-Kind Exchanges.
… (0 comments)

How do you report Section 1031 Like-Kind Exchanges to the IRS? - 04/03/08 11:06 PM
How do you report Section 1031 Like-Kind Exchanges to the IRS?
You must report an exchange to the IRS on Form 8824, Like-Kind Exchanges and file it with your tax return for the year in which the exchange occurred.
Form 8824 asks for:
􀂅 Descriptions of the properties exchanged  
􀂅 Dates that properties were identified and transferred  
􀂅 Any relationship between the parties to the exchange  
􀂅 Value of the like-kind and other property received  
􀂅 Gain or loss on sale of other (non-like-kind) property given up  
􀂅 Cash received or paid; liabilities relieved or assumed  
􀂅 Adjusted basis of like-kind … (0 comments)

What are the different structures of a Section 1031 Exchange? - 04/03/08 11:02 PM
What are the different structures of a Section 1031 Exchange?
To accomplish a Section 1031 exchange, there must be an exchange of properties. The simplest type of Section 1031 exchange is a simultaneous swap of one property for another.
Deferred exchanges are more complex but allow flexibility. They allow you to dispose of property and subsequently acquire one or more other like-kind replacement properties.
To qualify as a Section 1031 exchange, a deferred exchange must be distinguished from the case of a taxpayer simply selling one property and using the proceeds to purchase another property (which is a taxable transaction). Rather, … (0 comments)

How do you compute the basis in the new property? - 04/02/08 12:26 AM
How do you compute the basis in the new property?
It is critical that you and your tax representative adjust and track basis correctly to comply with Section 1031 regulations.
Gain is deferred, but not forgiven, in a like-kind exchange. You must calculate and keep track of your basis in the new property you acquired in the exchange.
The basis of property acquired in a Section 1031 exchange is the basis of the property given up with some adjustments. This transfer of basis from the relinquished to the replacement property preserves the deferred gain for later recognition. A collateral affect is … (0 comments)

Make sure you complete your due diligence on your QI - 04/02/08 12:15 AM
Make sure you complete your due diligence on your Qualified Intermediary.  Be careful in your selection of a qualified intermediary as there have been recent incidents of intermediaries declaring bankruptcy or otherwise being unable to meet their contractual obligations to the taxpayer. These situations have resulted in taxpayers not meeting the strict timelines set for a deferred or reverse exchange, thereby disqualifying the transaction from Section 1031 deferral of gain. The gain may be taxable in the current year while any losses the taxpayer suffered would be considered under separate code sections.
Steve
… (0 comments)

Who qualifies for the Section 1031 exchange? - 04/02/08 12:01 AM
Who qualifies for the Section 1031 exchange?
Owners of investment and business property may qualify for a Section 1031 deferral. Individuals, C corporations, S corporations, partnerships (general or limited), limited liability companies, trusts and any other taxpaying entity may set up an exchange of business or investment properties for business or investment properties under Section 1031.
Steve
… (0 comments)

1031 Exchanges who do you ID to - 04/01/08 10:54 PM
We have all heard it before...what if I identified to my broker, my accountant, etc.  Here is a quote from the new IRS Fact Sheet.  We now know that brokers will not qualify.  This should help deal with some of those clients.  
"The identification must be in writing, signed by you and delivered to a person involved in the exchange like the seller of the replacement property or the qualified intermediary. However, notice to your attorney, real estate agent, accountant or similar persons acting as your agent is not sufficient."
Now we know for sure!!
Steve
… (2 comments)

 

Steven W. Monk (V. P., 1031 Exchange Expert)

Fresno, CA

More about me…

Exeter 1031 Exchange Services

Address: 516 W Shaw, Suite 200, Fresno, CA, 93704

Office Phone: (559) 221-2517

Cell Phone: (559) 307-5091

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