Steven W.'s Blog

Concise Overview of 1031 Exchanges - Series V1031 Exchange Identification RequirementsYou 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-kin...

Concise Overview of 1031 Exchanges - Series IV1031 Exchange StructuresThe 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 deadline...

Concise Overview of 1031 Exchanges - Series IIILike Kind Property RequirementThere 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...

Concise Overview of 1031 Exchanges - Series IIReinvesting 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 ...

Concise Overview of 1031 Exchanges - Series IConcise Overview of 1031 ExchangesThe 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 ...

Concise Overview of 1031 Exchanges - Series IIReinvesting 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 ...

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 e...

Concise Overview of 1031 Exchanges - Series IConcise Overview of 1031 ExchangesThe 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 ...

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....

What is Qualified Use in 1031 ExchangesQualified 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. ...