1031 Like Kind Exchange and LAND for Eco Development

By
Real Estate Broker/Owner with REAL ESTATE REFERRAL NETWORK 209970

Asheville Real Estate Journal
1031 Like Kind Exchange and LAND for Eco Development 

Recently, a large acreage investor and I were talking about "green" investment strategies and concerns about the 1031 Like-Kind Exchange process. He had heard by the grapevine, and mistakenly believed, that he absolutely had to acquire property exactly like the property he was about to relinquish. 

In searching for a 1031 Like- Kind Exchange he was puzzled when it  came to  how he would be able to locate an eco-friendly exact match for here the Asheville, NC area for his three-story brownstone back East.

Finding an exact match when you are looking for land for an eco-sensitive development is not required, I assured him. And so we went exploring...and found this!

 Couple Enjoy Cascade at Hickory Nut Forest Eco Development- Asheville

Photo  at Hickory Nut Forest Eco-Community Near Asheville

And while we may have a limited supply of three-story brownstones, he could select from is a wide variety of exchange properties. Eco-investors not only have latitude as far as choices go, but a "cascadding" menu of land for eco-sensitive development and/or conservation from which to choose under the 1031 Exchange Plan.

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__~o
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(*)/'(*)   ________The Asheville NC Real Estate Journal . Mountain Homes and Land Legacies- Asheville NC Real Estate  © 2011.  NAR GREEN®, EcoBroker®, Eco Certified ®Real Estate Consultant. INFORMED CHOICES. THOUGHTFUL ADVICE. Email me to request a copy of EPA's Sustainable Design and Green Building Toolkit- janeAnne@janeAnne.com  Unauthorized reproduction of any information including photos  on this site is a violation of existing copyright laws.  All rights reserved.

Eco-Friendly Mountain Homes and Land Legacies-  
- Asheville 1031, The Eco-Steward Real Estate Firm, Inc.  © 2011.

828-776-0773

________________________________________________________________________ xo-----

"This professional REALTOR® has an eye for extraordinary value
in Mountain Homes and Land Legacies, green-living communities,
and properties of enduring excellence."
 ~ MBS

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Topic:
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Location:
North Carolina Henderson County Gerton Hickory Nut Forest Eco-community
Groups:
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1031 Investments and Ideas
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Diary of a Realtor
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Rainmaker
1,042,480
Charles McDonald
Charlottesville Real Estate Solutions - Charlottesville, VA
REALTOR®, Blogger, Principal Broker®, Owner

Great advice for investors.

looks like a nice area

your friend in Charlottesville!

Jun 23, 2011 02:37 AM #1
Ambassador
2,043,870
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Good job with the 1031 janeAnne - excellent advice and information. Looks like a beautiful piece of dirt too.

Jun 23, 2011 04:33 AM #2
Rainer
208,045
Judi Boad
ACCURATE REALTY GROUP - Seattle, WA

Hi janeAnne~ The level of contemplation displayed in this photo is priceless!

Great information on the 1031 Exchange process too!

Jun 23, 2011 06:40 AM #3
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ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com

Charles~Maybe you will make it on over the mountains one of these days =)

Debb~I enjoy the 10 31 process...especially when it involves eco -friendly lands...

Jun 23, 2011 07:31 AM #4
Ambassador
809,468
ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com

Judi~ Thrilled that you noticed the, as you say, "level of contemplation"... AMAZING!

Jun 23, 2011 07:32 AM #5
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