washington commercial real estate: IRS Tax Relief and 1031 Exchange Update - 12/13/07 01:50 PM
Due to the flooding  throughout Washington State, the IRS has updated their 1031 exchange deadlines for qualified candidates.
Please see the information on the IRS website for more information, here is a portion of those affected by the flooding in Washington.  Other areas also are candidates for this delay including Oregon, and areas in California affected by the wildfires.
Here are the details for the disaster area in Washington. 
FROM IRS WEBSITE - 
The disaster area consists of Grays Harbor and Lewis counties.
Deadlines for affected taxpayers to file returns, pay taxes and perform other time-sensitive acts falling on or after Dec. 1, 2007, and … (0 comments)

washington commercial real estate: Commercial Investing Simplified with a NNN Lease - 11/14/07 02:36 AM
A triple net lease, sometimes called a net-net-net or an NNN, is an agreement where the lessee agrees to pay a net rent and a series of other fees for the right to use a piece of real estate for an extended period of time. In addition to a monthly rental fee, the lessee agrees to pay all taxes, insurance, and costs associated with repairs also known as common area maintenance. Many large national retail chains participate in triple net lease agreements in order to avoid making large capital investments. These companies prefer to keep funds liquid for other investments. A … (0 comments)

washington commercial real estate: Positive Real Estate News - 11/08/07 03:15 AM
I SAW A POSITIVE STORY ON THE FRONT OF BANKRATE.COM's WEBSITE!!!!!!! YES A POSITIVE ONE!!!!! AND YES IT WAS ABOUT REAL ESTATE!!!!!  CAN YOU BELIEVE IT???
I had to read it twice....but my previous blog - Is it turning? or do we just hope it is? has also received many positive comments from other industry professionals that have noticed the same thing!!
THE BOTTOM IS COMING.......and when it turns it may trend upward quicker than expected.  Those that get in early will stand to make the most.  The article on bankrate stated that new home sales are actually up from last month, albeit slightly, even though … (7 comments)

washington commercial real estate: Is it turning? or do we just hope it is? - 11/07/07 03:25 AM
Recently I've noticed a change in the blog mentality here on activerain as well as other sites.  Many of the mortgage brokers are starting to see stated income products coming back online as well as other "responsible" options that were temporarily unavailable.
The inventory numbers seem to be changing nationwide - not certain if they are being sold or if sellers are pulling their listings in favor of renting.  Either way as the inventory normalizes or reaches lower levels the bottom of the market is eminent.  Will it be tomorrow?  UNLIKELY, but it is changing.
Get your buyers and investors ready.  Things will … (15 comments)

washington commercial real estate: Multiple Property Exchanges in a 1031 - 11/01/07 05:47 AM
 
Often times our investors come to us with questions about how to identify, how many they can identify and how many they can exchange when dealing with a 1031.  Based on the IRS code here are some of those answers in short form. 
 
Is there a limit to number of properties that are identified in the 45-day period?
You can identify more than one property as a potential replacement property, but be mindful of the rules. You can identify up to three properties without regard to fair market value. Or, you may identify any number of properties provided that the total value does not exceed … (1 comments)

 


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