That advice comes from "inactive" ActiveRainer James Brennan, a 1031 Exchange facilitator I met through LinkedIn. As an ActiveRain pioneer who joined in 2006, James wrote a lot of good information about 1031 Exchanges during the next year, but he hasn't posted anything since September 2007. He would probably be very surprised to see our custom blog designs, outside blogs, and many other improvements.
Recently, I sent him a link to the information on my website about 1031 Exchanges and asked if it was up-to-date or needed revising to reflect today's laws on Exchanges. In his reply, he said that the information needed "more sizzle" and volunteered to provide some.
Of course, I jumped on that opportunity and invited him to be a Guest Blogger for "Focus on Crofton."
I won't repeat every word here, for the sake of SEO, but please click on Tips for Crofton Investors on Using a 1031 Exchange to read his expert answers to these questions:
- How can you use a 1031 exchange in this down real estate market?
- What is a Section 1031 Exchange?
- What is a Qualified Intermediary and Why Do You Need One?
- What taxes do you defer with Section 1031?
- Why do you suggest investors should keep exchanging?