Federal Reserve Cuts Fed Funds Rate by 1/2 Percent on 01/30/2008 - 01/31/08 04:34 PM
Federal Open Market Committee Meets (FOMC)
The FOMC met on Tuesday and Wednesday of this week to discuss interest rates given the shaky state of the economy, the mortgage industry and the credit markets. 
FOMC Cuts The Fed Funds Rates
And, as expected, even on the heals of a 3/4 point (.75%) Fed Funds rate drop last week, they dropped the Fed Funds rate again by 1/2 point (.50%) in order to help stimulate the economy. 
Fed Funds
It is important to note that a drop in the Fed Fund rate does not usually affect rates charged on mortgage loans, or at least not … (0 comments)

1031 Exchange Workshop in Irvine, California - 01/31/08 04:24 PM
1031 Exchange Seminar in Irvine, California
See all of our 1031 exchange seminar programs.
Basic to Intermediate Level 1031 Exchange Seminar
This is a basic to intermediate level workshop on forward, reverse and improvement (build-to-suit or construction) tax-deferred, like-kind exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations.
Educational Workshop Content
The educational workshop will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121.  The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a tax-deferred, like-kind exchange transaction.  We … (0 comments)

UPDATE on the Proposed Change to Section 1031 of the IRC: Subsidized Agricultural Land or Farm Land - 01/27/08 09:49 PM
Proposed Change to Section 1031: Exchanges of Subsidized Agricultural Land or Farm Land
I previously blogged about the Farm Bill that is currently pending before the United States Congress and the fact that it contains a provision that would affect Section 1031 of the Internal Revenue Code, including the exchange of subsidized agricultural land (ag land) or farm land.
Update on the Farm Bill
I am pleased to report that the provision mentioned above has been dropped from the Farm Bill and is no longer a concern. 
… (2 comments)

EXETER 1031 Exchange Services, LLC Expands into Arizona - 01/27/08 04:29 PM
Exeter News Wire Media Contact: William L. Exeter President and Chief Executive Officer Exeter 1031 Exchange Services, LLC (619) 615-4210 FOR IMMEDIATE RELEASE
Exeter Expands 1031 Exchange Operations Into Arizona Exeter 1031 Exchange Opens Tucson, Arizona Branch Office
February 1, 2008--Tucson, Arizona--Exeter 1031 Exchange Services, LLC expanded its national 1031 Exchange branch office network into the state of Arizona today with the opening of its first Arizona Branch Office located in Tucson, Arizona.
Exeter's new Tucson, Arizona Branch Office is located at 143 East Castlefield Circle, Tucson, Arizona 85718 and can be reached at 866.393.8377. The Tucson, Arizona Branch Office will also provide the … (0 comments)

Listen to Prior Recorded Shows of The Exeter Group Real Estate Talk Radio Show - 01/26/08 01:52 PM
Listen Live
You can click here to listen live to The Exeter Group Real Estate Talk Radio Show each and every Monday from 12:00 noon PST to 1:00 PM PST.
List to PRIOR Recorded Shows
Prior recorded versions of our radio shows are archived through our web site.  You can scroll through and view prior recorded versions of The Exeter Group Real Estate Talk Radio Show by clicking here. 
Sponsor
The Exeter Group Real Estate Talk Radio Show is sponsored by EXETER 1031 Exchange Services, LLC. 
… (0 comments)

The Exeter Group Real Estate Talk Radio Show for Monday, January 28, 2008 - 01/25/08 11:59 PM
Topics and Show Dates
The Exeter Group Real Estate Talk Radio Show is live each and every Monday from 12:00 noon to 1:00 PM Pacific Standard/Daylight Time. Click here to listen live on Monday.
Monday, January 28, 2008
Gary Wildeson, Director, San Diego Region, TREC Investment Realty, joins The Exeter Group Real Estate Talk Radio Show in studio for the first time to discuss TIC investment properties offered by TREC Investment Realty.  Mr. Wildeson will be joined in studio by Steve Bingham, Vice President, Co-Ownership Investments, TREC Investment Realty. 
Click here to listen live on Monday. 
… (2 comments)

The Exeter Group Real Estate Talk Radio Show for Monday, January 21, 2008 - 01/21/08 11:47 AM
Topics and Show Dates
The Exeter Group Real Estate Talk Radio Show is live each and every Monday from 12:00 noon to 1:00 PM Pacific Standard/Daylight Savings Time. Click here to listen live on Monday. 
Monday, January 21, 2008
Certified Estate Advisor Rusty Tweed, President, Chief Executive Officer and Founder of Tweed Financial Services, Inc. once again joins The Exeter Group Real Estate Talk Radio Show. The discussion with Rusty will focus on commercial real estate, including research, selection, analysis, due diligence and acquisition. 
Rusty will be joined by Michelle Langer, Property Analyst, with Tweed Financial Services, Inc., who has extensive experience in … (2 comments)

Proposed Change to Section 1031 of the IRC: Subsidized Agricultural Land or Farm Land - 01/19/08 11:31 PM
Proposed Change to Section 1031: Exchanges of Subsidized Agricultural Land or Farm Land
The Farm Bill that is currently pending before the United States Congress contains a provision that would affect Section 1031 of the Internal Revenue Code, including the exchange of subsidized agricultural land (ag land) or farm land. 
Essentially, farm land that is subject to the payment of subsidy payments can only be exchanges with other land that is also subject to the payment of subsidy payments.  The farmer (investors/taxpayer) could not exchange subsidized ag land for non-subsidized ag land unless the farmer gave up the subsidy. 
Lobbying Efforts … (3 comments)

Proposed Changes to Section 1031: Exchanges of Collectibles (Works of Art) - 01/19/08 11:25 PM
Proposed Change to Section 1031: Exchanges of Collectibles (Works of Art)
The Farm Bill that is currently pending before the United States Congress contained a number of provisions that would affect Section 1031 of the Internal Revenue Code, including the exchange of art work or collectibles.  The provision would have essentially prohibited the 1031 exchange of collectibles such as art work. 
Pending Change Deleted From Farm Bill  
I am very happy to announce that this provision has been deleted from the Farm Bill and the 1031 exchange of collectibles is still permitted.
… (2 comments)

HR 3648: Changing the Capital Gains Tax Exemption Under Section 121 (Final Update) - 01/19/08 10:54 PM
Final Update Regarding Proposed Changes to Section 121 
I previously posted about a proposed change to Section 121 of the Internal Revenue Code that was included in H.R. 3648 known as the Mortgage Relief Act, and I have a final update and good news regarding this previously pending legislative issue.
Proposed Change to Section 121 Deleted From Bill
The proposed change to Section 121 that was included in the Mortgage Relief Act (H.R. 3648) has been DELETED from the bill and there are no pending changes to Section 121 of the IRC! 
… (3 comments)

The Exeter Group Real Estate Talk Radio Show for Monday, January 21, 2008 - 01/15/08 09:23 PM
Topics and Show Dates
The Exeter Group Real Estate Talk Radio Show is live each and every Monday from 12:00 noon to 1:00 PM Pacific Standard/Daylight Time.
Monday, January 21, 2008
Certified Estate Advisor
Rusty Tweed, President, Chief Executive Officer and Founder of Tweed Financial Services, Inc. once again joins The Exeter Group Real Estate Talk Radio Show. The discussion with Rusty will focus on commercial real estate, including research, selection, analysis, due diligence and acquisition. Rusty will be joined by Michelle Langer, Property Analyst, with Tweed Financial Services, Inc., who has extensive experience in commercial real estate acquisitions.
And, a Fellow Rainer
Sheryl Smith, CCIM, … (0 comments)

Congratulations to the San Diego Charges! - 01/13/08 04:41 PM
San Diego Chargers Win! 
I just wanted to take a quick break from real estate posting grind and congratulate our very own San Diego Charges team with their playoff game win against the Indianapolis Colts at 28 to 24 San Diego! 
Congratulations! 
Now the San Diego Charges just has to show their stuff at New England!  Go Chargers! 
… (0 comments)

The Exeter Group Real Estate Talk Radio Show for Monday, January 14, 2008 - 01/13/08 01:47 PM
Topics and Show Dates
The Exeter Group Real Estate Talk Radio Show is live each and every Monday from 12:00 noon to 1:00 PM Pacific Standard/Daylight Time. Click here to listen live this coming Monday.
Monday, January 14, 2008
Tracy Turner, President, Chief Executive Officer, Founder of TIC Consultants, a division of Turner Financial Group, Inc. will be back in studio to continue the discussion on evaluating and selecting TIC investment properties with an emphasis on due diligence and what to look for in the Private Placement Memorandum ("PPM") when evaluating TIC properties.
Don Smith, Senior Vice President, Sunrise Mortgage & Investment Company, joins us for … (0 comments)

States that do NOT Mirror Section 1031 of the Internal Revenue Code - 01/08/08 03:45 PM
One of the most common misconceptions is that a tax-deferred exchange pursuant to Section 1031 of the Internal Revenue Code means that all taxes are deferred.  This may not be true.  It depends on the state that either you or your relinquished property or replacement property are located in.  It also gets trickier as more and more investors are 1031 exchanging into different states.
California's Franchise Tax Board has routinely taken the position that if you sell and 1031 exchange out of a California investment property and acquire like-kind replacement property in another state you will owe taxes upon the ultimate disposition … (3 comments)

EXETER 1031 Exchange Services Achieves Record Revenue in 2007 - 01/08/08 12:09 AM
Happy New Year everyone!  We have much to be grateful for and thankful for in 2007.  Exeter 1031 Exchange Services, LLC and its affiliate companies are very excited to announce that they had an incredible 2007.
Revenue Is Up by 44%
It has certainly been a challenging real estate market that seemed to get progressively worse through out the year, but our hard work paid off.  While we do not release specific financial data about any of our operations, I can say that our revenue from 1031 exchange business increased by 44% over our revenue numbers for 2006 when many of our competitors have … (0 comments)

Announcing Smart-Plex.com - 01/07/08 08:36 PM
MANY SEEK REAL ESTATE INVESTMENT KNOW-HOWUnique Web Site Serves Investors, Owners, Sellers, Agents, & Local Businesses
Ever wonder why, in the land that invented Monopoly, we don't know more about successful real estate investing? Ask 10 people how they succeeded in real estate beyond buying a home, and chances are you'll get 9 blank stares and one hopelessly long-winded story. Thanks to the web and the efforts of three local entrepreneurs, that could all change in the click of a mouse.
Home-town business woman, Mary Sawyer, CCIM, commercial real estate analyst, Eric Hutchins, and long-time investment specialist, Alan Booth, have combined three … (0 comments)

Real Estate Talk Radio by The Exeter Group on Monday, January 7, 2008 - 01/07/08 12:13 AM
Radio Show Topics and Show Dates The Exeter Group Real Estate Talk Radio Show is live each and every Monday from 12:00 noon to 1:00 PM PST. Monday, January 7, 2008 Eric Hutchins, President, Chief Executive Officer, Founder of Smart-Plex, Inc. from Bakersfield, California will be in studio as well to discuss the fundamental ideas that gave rise to Smart-Plex.com and Smart-Plex.net, what makes Smart-Plex uniquely suited to the needs of those who own, or wish to invest in, residential income property, and how the internet is changing the way we invest in real estate. Tracy Turner, President, Chief Executive Officer, … (2 comments)

REVERSE 1031 Exchange Series: Post No. 6 - 01/06/08 05:38 PM
I discussed the two different reverse 1031 exchange structures in Post No. 5 of this series on reverse 1031 exchange transaction strategies. 
I received a number of emails from ACTIVE RAIN members shortly after the last post asking when each structure would be used, and these questions are a perfect segway into the next planned subject post: financing issues involved with reverse 1031 exchange transactions.  However, before we delve deeper into the financing issues involved with reverse 1031 exchanges we must first decide which property we will park as part of the reverse 1031 exchange transaction. 
Recap of Reverse 1031 Exchange … (4 comments)

1031 Exchange WEBINAR - 01/04/08 06:06 PM
1031 Exchange Webinar
See all of our 1031 exchange seminar programs.
Basic Level 1031 Exchange Webinar
This is a basic level webinar on 1031 exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations and tenant-in-common investment properties pursuant to Revenue Procedures 2002-22.
Educational Webinar Content
The educational workshop will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121.  The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a 1031 exchange transaction. We will finish with an explanation of … (0 comments)

Real Estate Talk Radio by The Exeter Group on Monday, January 7, 2008 - 01/03/08 01:39 AM
Topics and Show Dates
The Exeter Group Real Estate Talk Radio Show is live each and every Monday from 12:00 noon PST to 1:00 PM Pacific Standard/Daylight Time.
Monday, January 7, 2008 - Happy New Year! 
Tracy Turner, President, Chief Executive Officer, Founder of TIC Consultants, a division of Turner Financial Group, Inc. will join us in studio to discuss evaluating and selecting TIC investment properties with an emphasis on due diligence and what to look for in the Private Placement Memorandum ("PPM") when evaluating TIC properties. 
Eric Hutchins, President, Chief Executive Officer, Founder of Smart-Plex, Inc. from Bakersfield, California will be in … (0 comments)

REVERSE 1031 Exchange Series: Post No. 5 - 01/02/08 04:37 PM
We've laid out the when and why in the first four posts in this series, so let's now get into the how to structure a reverse 1031 exchange transaction.
Reverse 1031 Exchange Structures
The challenge in structuring a reverse 1031 exchange is deciding which property will be acquired and held or "parked" by the Exchange Accommodation Titleholder ("EAT").  The structure selected by you will depend on whether there is financing involved and which property your lender will allow Exeter Reverse 1031 Exchange Services, LLC as your Exchange Accommodation Titleholder to hold or park title to.
The two structures are commonly referred to as Exchange Last … (0 comments)

REVERSE 1031 Exchange Series: Post No. 4 - 01/01/08 07:42 PM
I started out discussing why you would use a reverse 1031 exchange, including the situations where we see reverse 1031 exchanges used the most often and then addressed some of the ways that reverse 1031 exchanges can reduce risks when using 1031 exchanges.
Overview of Reverse 1031 Exchanges
This post will provide you with a very brief and concise overview of reverse 1031 exchange transactions.  You can learn more about reverse 1031 exchange transactions by reading our in depth article entitled Introduction to Reverse 1031 Exchanges, which includes more information on reverse 1031 exchange structures, strategies and compliance issues.
Legal Disclosure  
You know there … (0 comments)