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Managing Real Estate Broker - Keller Williams Northland
Real estate topics on better business performance, education, advanced techniques for selling/buying residential, commercial and investment real estate; 1031 tax deferred exchange, licensing; anecdotes and stories to ponder.

ARCHIVED BLOG POSTS

2007 

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Safe Harbor Rules: After the exchanger has given up the propety, the exchangor is is unwilling to accept the buyer's unsecured promise to transfer the replacement property. The exchangor normally structures the exchange where the buyer's obligaion is guarnanteed using an escrow arrangement, but t...
01/08/2007

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Northern Dupage County is where the home owner meets unequaled value. Where else can you receive home values in 6 digits with unequaled amenities:1. Access to everywhere in the world non-stop (O'Hare), or if you would like to use another vehicle in 8 to 24 hours by auto, horse and buggy, rail, st...
01/08/2007

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Boot, what is it?It is the receipt of other than real property: money, liabilities assumed, mortgage relief (new mortgage smaller than that given up), non qualifying property - inventory, secuities, and other non-qualifying property. Boot given is treated as a sale of such property and its value ...
01/08/2007

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What is like-kind property? It is, by definition, investment property, trade or business property (real or personal), This definition describes character or use of the propety, and has no relationship to the quality.The IRS has been liberal in that all real estate is similar and no distinction is...
01/08/2007

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Tax deferred capital gains are not available for: stocks, bonds or other securities. partnership interests, beneficial interests or certicates of trust.Real estate dealers can not benefit from like-kind exchanges because property is held for sale not investment or productive use in a business.Co-...
01/08/2007

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Qualified property for an exchange: Both the property given up and the one received must be held for investment, or productive use in a trade or business.1. Held for the productive use in a trade or business means used in a trade or business in which the taxpayer is engaged. The building housing ...
01/07/2007

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There must be an exchange of properties not a sale and purchase1. There must be an exchange, not a sale followed by a subsequent purchase of another property. An exchange is a transfer of one property for another, but not an exchange of property for money. No exchange is recognized where there is...
01/07/2007

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A transaction qualifying for  deferral of capital gains must meet certain requirements (Section 1031 odf the tax code).#1 The property requirement:  Applies only on the exchange of property ..for property. Can not be property for personal property (ie. stocks, security agreement, etc.)   Leasehol...
01/04/2007

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The market data shown is for Medinah, Illinois and includes single family detached homes broken into price ranges,and  time on market.Data is summarized into average and median prices, with the high and low. If there is an interest in a given price point, please contact me for additional informat...
01/02/2007

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The table below reports the active single family detached homes on the market by: price range, number of units in that price range and time on market for Roselle, IllinoisThis data is then summarized to give average price, median price and average time on market. If there is interest in a given p...
01/02/2007
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