Steven W.'s Blog

Concise Overview of 1031 Exchanges - Series V

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Tue, 06 May 2008 23:14:28 -0500

Concise Overview of 1031 Exchanges - Series V

1031 Exchange Identification Requirements

You must identify your potential like-kind replacement properties to your Qualified Intermediary within the 1031 exchange time limits discussed above. The identification must comply with one (1) of the like-kind replacement property identification rules outlined below:

Three (3) Property Identification Rule

The three (3) property identification rule is the most common rule and is used in most 1031 Exchange transactions. This rule allows you to identify up to but not more than three (3) potential like-kind replacement properties. It is highly advisable that you identify three (3) properties even if your intent is to only acquire one. If you are looking to diversify your investment real estate portfolio and needs to identify more than three potential like-kind replacement properties one of the following two rules should be considered.

200% of Fair Market Value Identification Rule

The 200% of fair market value rule allows you to identify more than three (3) potential like-kind replacement properties as long as the total fair market value of all the potential like-kind replacement properties identified does not exceed 200% of the sales price of the relinquished property(ies).

95% Exception to Identification Rules

The 95% exception to the identification rules allows you to identify as many like-kind replacement properties as you wish provided you actually acquire and close on 95% of the fair market value actually identified.

Concise Overview of 1031 Exchanges - Series IV

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Tue, 06 May 2008 23:11:46 -0500

Concise Overview of 1031 Exchanges - Series IV

1031 Exchange Structures

The most common 1031 exchange structure is a forward, or delayed, 1031 exchange where you sell your relinquished property first and then acquire your like-kind replacement properties within the prescribed 1031 exchange deadlines. A reverse 1031 exchange allows you to acquire your like-kind replacement property first and then subsequently dispose of your relinquished property within the prescribed 1031 exchange deadlines. An improvement (build-to-suit or construction) 1031 exchange allows you to use your 1031 exchange funds to acquire like-kind replacement property and to use your excess 1031 exchange funds to construct or improve the like-kind replacement property acquired.

1031 Exchange Deadlines

There are very specific and mandatory 1031 exchange deadlines that must be followed in a forward 1031 exchange. You have 45 calendar days from the close of the relinquished property transaction to identify potential like-kind replacement properties being considered for purchase and an additional 135 calendar days - for a total of 180 calendar days - to complete the 1031 Exchange by acquiring some or all of the identified like-kind replacement properties.

Concise Overview of 1031 Exchanges - Series III

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Tue, 06 May 2008 23:08:25 -0500

Concise Overview of 1031 Exchanges - Series III

Like Kind Property Requirement

There is a lot of misinformation regarding what constitutes like-kind replacement property. It is not true that if you sell a condo you must acquire a condo, etc. As long as your relinquished and replacement properties meet the qualified use requirement discussed above any kind of real estate held for investment is like kind to any other kind of real estate that is also held for investment.

You can exchange out of or into any of the following asset types: single family, multi-family, commercial office, retail shopping, industrial, vacant land, oil and gas interests, mineral rights, riparian water rights, and tenant-in-common investments.

Multiple Assets and Fractional Interests

The 1031 exchange allows you to easily reposition, diversify or consolidate your investment real estate portfolios. You can sell one relinquished property and diversify your portfolio by acquiring multiple like-kind replacement properties, or you can sell multiple relinquished properties and consolidate your portfolio by acquiring fewer but larger like-kind replacement properties. You can also sell or purchase fractional (partial) interests in property.

Concise Overview of 1031 Exchanges - Series II

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Tue, 06 May 2008 23:06:09 -0500

Concise Overview of 1031 Exchanges - Series II

Reinvesting or Replacing Your Investment Values

You must acquire one or more like-kind replacement properties that are equal to or greater in net purchase value than the net sales value of the relinquished property you sold. You must reinvest all of your net cash proceeds from the sale of the relinquished property. And, you must replace the debt that was paid off on the sale of the relinquished property with an equal amount of debt on the like-kind replacement property.

You can always add more cash into your purchase of your like-kind replacement properties, but you can not pull any cash out of the sale of your relinquished property without incurring depreciation recapture and/or capital gain income tax liabilities.

Qualified Use Requirement

Your relinquished properties and your like-kind replacement properties must have been held as rental or investment properties or used in your trade or business. The critical issue is that you must have had the intent to hold the properties for investment purposes and not have held them for sale (i.e. inventory in your business).

Concise Overview of 1031 Exchanges - Series I

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Tue, 06 May 2008 23:04:34 -0500

Concise Overview of 1031 Exchanges - Series I

Concise Overview of 1031 Exchanges

The 1031 Exchange may not always be the right or best solution for your specific situation, so you should consider whether other tax deferral or tax exclusion strategies might be more appropriate and you should always consult with your legal, tax and financial advisors before entering into any real estate transaction, especially a 1031 Exchange.

This article has been written as a concise overview of 1031 Exchanges. It is only a brief summary to assist you in understanding the very basic 1031 Exchange requirements. You can read an Introduction to Section 1031 Tax Deferred Like-Kind Exchanges for a more complete and in depth explanation of 1031 Exchange transactions.

1031 Exchange Requirement

The sale and the purchase transactions must be structured properly in order to qualify for tax-deferred treatment under a 1031 Exchange. The Qualified Intermediary, often referred to in the real estate industry as the 1031 Exchange Accommodator or the 1031 Exchange Facilitator, will complete the necessary legal documents to ensure that you are in compliance will all laws, regulations and rulings.

It is critical that the Qualified Intermediary be be assigned into the Purchase and Sale Agreement or Contract and the Escrow Instructions, if any, prior to the close of your sale and purchase transactions. Your transaction will not qualify for 1031 Exchange treatment if either transaction closes without your Qualified Intermediary being formally assigned into both transactions.

Concise Overview of 1031 Exchanges - Series II

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Sat, 03 May 2008 15:27:16 -0500

Concise Overview of 1031 Exchanges - Series II

Reinvesting or Replacing Your Investment Values

Qualified Use Requirement

Short Sales and the 1031 Exchange

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Fri, 02 May 2008 23:03:27 -0500

Short Sales and the 1031 Exchange

The question was asked of me, "can I exchange into a short sale property". The easy answer is YES! Of course there are a lot of what ifs with that answer.

First is both the lender and seller must agree to the terms of the sale.

That seems easy however nothing ever is. In my clients case there were two loans made out on the same day, a 1^st and a 2^nd. So now both lenders must agree, that's when the first of many issues start.

Second is the exchanger only has 45 days to ID the replacement property.

This is where additional issues come up. The 45 days goes by very fast that means you should always ID more than one property hopefully 3 properties. The lenders don't seem to be in a hurry, they are always hoping a higher offer comes in. So their answer on if they agree or not to the terms of the sale could come after the 45 day ID period.

My client originally wanted to ID 2 properties both short sales. Now he is up to 3 properties.

Third the lender can withdraw from escrow all the way up until the closing day.

Now the exchange must close within 180^th day after the relinquished closed. Therefore, if everything is going great and your are going to close within the 180days all of the sudden the lender gets a better offer. Now the investor is back to square one, however instead of having 180 days to buy the replacement property he is short all the time spent on the first property.

This post is just a brief summary there are many other issues that may and do arise therefore, make sure you have a good investment team when purchasing properties, starting with your CPA, attorney, real estate agent, and of course your Exeter 1031 Exchange, as your qualified intermediary.

Concise Overview of 1031 Exchanges - Series I

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Fri, 02 May 2008 22:08:16 -0500

Concise Overview of 1031 Exchanges - Series I

Concise Overview of 1031 Exchanges

1031 Exchange Requirement

Coming up on 40,000 Active Rain Points

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Fri, 02 May 2008 22:02:04 -0500

Coming up on 40,000 Active Rain Points

I've been on Active Rain for about a year now, and I'm closing in on 40,000 points. I want to thank everyone who has helped me get there, but commenting on my blogs, making contact with me for additional information, and for helping me when I had a problem. Thanks again all the AR bloggers, you're the ones that keep this community working.

Steve

What is Qualified Use in 1031 Exchanges

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Thu, 01 May 2008 22:22:44 -0500

What is Qualified Use in 1031 Exchanges

Qualified Use Property

Your relinquished property must have been held by you for rental, investment or use in your business. And, you must have the INTENT to HOLD your acquired like-kind replacement properties for rental, investment or use in your business.

Property not held for rental, investment or use in your business will not be considered to be qualified use property and will generally not qualify for 1031 exchange treatment.

For example, property acquired by you with the INTENT to fix-up and then sell ("flipping") will actually be classified as property HELD for SALE rather than held for rental, investment or use in your business, and will therefore generally not qualify for 1031 exchange treatment.

Apartments acquired for the sole purpose of converting into condominiums and then being sold is actually real property held for sale and not held for rental, investment or use in your business, and will generally not qualify for 1031 exchange treatment either.

For more complete information on 1031 exchange relinquished and replacement property holding requirements, please refer to our article titled "Holding Guidelines for 1031 Exchange Properties" that can be found in the Exeter 1031 Exchange Resource Library on our website at www.exeter1031.com.

Questions about Qualified Use in 1031 Exchanges

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Thu, 01 May 2008 22:21:26 -0500

What is Qualified Use in 1031 Exchanges

this is one of the most common questions i get about 1031 exchanges "does my property qualify for 1031 exchange consideration"

Qualified Use Property

Property not held for rental, investment or use in your business will not be considered to be qualified use property and will generally not qualify for 1031 exchange treatment.

Steve

1031 Exchange into a 721 or an upREIT

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Thu, 01 May 2008 21:02:56 -0500

1031 Exchange into a 721 or an upREIT

Please review to gain additional knowledge contact me.

Section 721 - Exchange of Property Into A Real Estate Investment Trust (REIT)

Section 721 of the Internal Revenue Code ("721 Exchange") allows you to exchange your rental or investment real estate for shares in a Real Estate Investment Trust (REIT). This is called a 721 exchange - also known as an upREIT or 1031/721 exchange.

You would typically utilize the upREIT in conjunction with selling relinquished property and acquiring like-kind replacement property pursuant to Section 1031 of the Internal Revenue Code. Once the replacement property has been held as rental or investment property for 12 to 18 months or more in order to demonstrate the Investors intent to hold the property and qualify for 1031 exchange treatment, the replacement property is contributed into a Real Estate Investment Trust (REIT) in exchange for shares of stock in the Real Estate Investment Trust (REIT) pursuant to Section 721 of the Internal Revenue Code.

The 721 exchange does not have to be in conjunction with a 1031 exchange, however. The Investor could simply contribute rental or investment property already owned by the Investor directly into the Real Estate Investment Trust (REIT) as part of a 721 exchange.

The 721 exchange can provide a Investor with a great exit strategy by exchanging out of his or her investment real estate portfolio and into shares of a Real Estate Investment Trust (REIT) that should provide more liquidity once the Real Estate Investment Trust (REIT) becomes publicly traded and listed on a securities exchange. The Investor also gains complete control and flexibility over the recognition of the capital gain tax by determining the timing and the quantity of shares sold in the Real Estate Investment Trust (REIT).

However, the 721 exchange essentially eliminates the ability for the Investor to exchange back into real estate and defer his or her capital gain taxes by using a 1031 exchange because the Investor now owns securities instead of a real estate interest.

Local Knowledge, Nationwide

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Thu, 01 May 2008 20:58:27 -0500

Local Knowledge, Nationwide

Fresno and the San Joaquin Valley is growing steadily, but we're still a small community at heart. People here like doing business with well-established local companies with solid reputations. They look for those qualities in their legal, tax and financial advisors. They deserve the same from their 1031 Exchange Qualified Intermediary ("Accommodator").

Exeter 1031 Exchange Corporation is a local 1031 Exchange Qualified Intermediary, with roots firmly planted in this community. But we're backed by the financial strength, stability and national reach of a company that's been in the real estate settlement services industry for more than 80 years.

We have been administering clients' 1031 exchanges for eight years, and our management team has extensive experience in the 1031 exchange industry. Our combined experience includes closing over 75,000 exchanges including; delayed, build to suit, reverse and even personal property exchanges.

It's a combination that will provide you with responsive, personalized service and unmatched expertise in the administration of your 1031 tax-deferred exchange.

We grew our business with a stable, traditional approach. And as our clients' 1031 exchange needs grew, so did our abilities to service them, locally and across the country - nationwide. But, we've never forgotten what's so great about living in a small community - being able to count on each other.

Contact your local 1031 exchange professional

Steven W. Monk

Vice President, Regional Manager

(559) 221-2517 office, (559)307-5091 mobile

1032 Exchange, What is it?

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Thu, 01 May 2008 20:36:27 -0500

1032 Exchange, What is it?

Section 1032 - Exchange of Corporation Stock for Property

Section 1032 of the Internal Revenue Code ("1032 Exchange") provides that no gain or loss shall be recognized to a corporation on the receipt of money or other property in exchange for stock (including treasury stock) of such corporation.

This type of exchange transaction does not apply to real estate and there is no need for a Qualified Intermediary.

Steve

1031 or 1033 exchange questions

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Wed, 30 Apr 2008 22:57:21 -0500

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.

1031 Exchange what is it?

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Wed, 30 Apr 2008 22:49:21 -0500

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 capital gain and depreciation recapture income tax liabilities are merely deferred - and can be continually and indefinitely deferred - into like-kind replacement properties acquired as part of a series of 1031 exchange transactions.

The tax deferral benefits of the 1031 exchange allow a Investor to sell, dispose or convert real property without reducing his or her cash position by paying capital gain or depreciation recapture taxes. This provides the Investor with the continued liquidity necessary to increase his or her real estate portfolio by trading up in value and ultimately increasing his or her net worth by improving cash flow and capital appreciation from the portfolio.

A Qualified Intermediary is required when completing a 1031 exchange transaction. Section 1031 of the Internal Revenue Code applies to personal property as well as real property.

Steve

Can Closing Costs be included in a 1031 Exchange

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Thu, 24 Apr 2008 00:13:30 -0500

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. Costs that are perceived to be for benefits other than acquiring the replacement

property may result in taxable boot

i. Obtaining a loan

1. Loan fees

2. Interest

3. Points

4. Prorated mortgage insurance

5. Lender appraisal fees, environmental studies, inspections, and surveys

ii. Deductible recurring operating expenses

1. Prorated property taxes

2. Prorated insurance payments

3. Rents

E. Accrued interest or prorated property tax payments or security deposits paid to the

buyer of the relinquished property can be treated by the taxpayer as non-recourse

debt from which the taxpayer is relieved and can be offset against debt assumed on

the replacement property Technical Advice Memorandum (TAM) 8328011

F. Non-exchange expenses debited to the taxpayer and paid with exchange equity will

be taxable boot but may be offset by items, such as prepaid taxes or dues, credited

to the taxpayer

IRC Section 121 – Exclusion of Capital Gain from the Sale of Principal Residence IRC

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Wed, 23 Apr 2008 23:38:18 -0500

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

Partnership interest and 1031 Exchanges

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Wed, 23 Apr 2008 23:28:25 -0500

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 partner met the "held for investment" requirement?

5. A partnership may elect to submit a valid election under IRC Section 761(a)

to opt out of the application of Subchapter K

a. Must treat its partnership interests as interests in individual assets, as

distinguished from an interest in a partnership

b. Must be organized for investment purposes as opposed to business

purposes

c. Must not offer any auxiliary business services above and beyond those

customarily associated with the investment either directly or though an

agent

6. A taxpayer who disposes of property in a 1031 exchange and acquires

replacement property, which is then contributed to a partnership in exchange

for a partnership interest, may qualify for non-recognition treatment

IRC Section 1033 – Involuntary Conversions of Property IRC §1033

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Wed, 23 Apr 2008 23:18:00 -0500

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

Property that can not be 1031 Exchanged

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Tue, 22 Apr 2008 00:41:00 -0500

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

Holding Period for 1031 Exchanges

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Tue, 22 Apr 2008 00:12:30 -0500

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 same person owns more

than 50% of the outstanding stock of the corporation and more than

50% of capital interest or profits interest in the partnership IRC

§1031(f)(1)(A)(B); IRC Section 267(b) or 707(b)

EXETER 1031 EXCHANGE SERVICES, LLC

Steven W. Monk

Vice President and Regional Manager

Deferring 100% of the Gain During a 1031 Exchange

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Tue, 22 Apr 2008 00:09:58 -0500

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

Completing a Partial 1031 Exchange

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Tue, 22 Apr 2008 00:06:22 -0500

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 a third-party; or the taxpayer can persuade the

seller of the replacement property to assume the note

1. Taxpayers who retain seller carry-back financing must recognize gain on the

note

2. Gain on seller carry-back financing may be offset by the contribution of cash

EXETER 1031 EXCHANGE SERVICES, LLC

Steven W. Monk

Vice President and Regional Manager

An Invitation to discuss 1031 Exchanges in Bakersfield CA, Seating still Available

Steven W. Monk (V. P., 1031 Exchange Expert) (Exeter 1031 Exchange Services) — Tue, 22 Apr 2008 00:02:05 -0500

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 Executive Officer

Portfolio Properties

And

Steven W. Monk

Vice President, Northern & Central California Regional Manager

Exeter 1031 Exchange Services, LLC

When

Tuesday, April 22, 2008 • 9:00 AM to 12:00 AM

OR

Tuesday, April 22, 2008    •    1:00 PM to 4:00 PM

Where

The Golden Empire Association of Realtors
4800 Stockdale HWY, Bakersfield, CA

Seating is extremely limited and reservations are required.
Call (866) 393-8377 or email to: Sdavis@exeterco.com
to reserve your seat at this valuable workshop.

Steven W.'s Blog

Concise Overview of 1031 Exchanges - Series V

Concise Overview of 1031 Exchanges - Series IV

Concise Overview of 1031 Exchanges - Series III

Concise Overview of 1031 Exchanges - Series II

Concise Overview of 1031 Exchanges - Series I

Concise Overview of 1031 Exchanges - Series II

Short Sales and the 1031 Exchange

Concise Overview of 1031 Exchanges - Series I

Coming up on 40,000 Active Rain Points

What is Qualified Use in 1031 Exchanges

Questions about Qualified Use in 1031 Exchanges

1031 Exchange into a 721 or an upREIT

Local Knowledge, Nationwide

1032 Exchange, What is it?

1031 or 1033 exchange questions

1031 Exchange what is it?

Can Closing Costs be included in a 1031 Exchange

IRC Section 121 – Exclusion of Capital Gain from the Sale of Principal Residence IRC

Partnership interest and 1031 Exchanges

IRC Section 1033 – Involuntary Conversions of Property IRC §1033

Property that can not be 1031 Exchanged

Holding Period for 1031 Exchanges

Deferring 100% of the Gain During a 1031 Exchange

Completing a Partial 1031 Exchange

An Invitation to discuss 1031 Exchanges in Bakersfield CA, Seating still Available

Mary Sawyer, CCIM

President, & Chief Executive Officer

Portfolio Properties

And

Steven W. Monk

Vice President, Northern & Central California Regional Manager

Exeter 1031 Exchange Services, LLC

When

Tuesday, April 22, 2008 • 9:00 AM to 12:00 AM OR

Tuesday, April 22, 2008 • 1:00 PM to 4:00 PM Where The Golden Empire Association of Realtors4800 Stockdale HWY, Bakersfield, CA Seating is extremely limited and reservations are required.Call (866) 393-8377 or email to: Sdavis@exeterco.comto reserve your seat at this valuable workshop.

Tuesday, April 22, 2008 • 9:00 AM to 12:00 AM

OR

Tuesday, April 22, 2008 • 1:00 PM to 4:00 PM

Where

The Golden Empire Association of Realtors
4800 Stockdale HWY, Bakersfield, CA

Seating is extremely limited and reservations are required.
Call (866) 393-8377 or email to: Sdavis@exeterco.com
to reserve your seat at this valuable workshop.