1031 MN

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Open Source Documents-Unbelievable Resources-Find YOUR topic of Interest

If you’ve never visited http://www.Archive.org, you are missing a wonderful site.  From this site, you will find many resources that are out of copyright and you can download and use them as you wish.  You will find all the classics and some fun things as well.  Just for fun, I have the download of a book called “Little Gardens” which is a book about setting up a garden... [Read more]

Sell Your Home Faster-Learn The Home Selling Secrets Of Successful Sellers

Here is a special report that outlines over 450 ideas on how to sell your home faster.  This report is just one of the many home buyer, home seller, and investor reports that I can make available to you.  Read this report and call me to arrange a time to see how I can help.  Download Now   Read More →

Extension And Expansion Of Home Buyer Credit-4/30/2010

A Big WOW!!  The credit has been expanded to include homeowners who have owned their home for the past 5 years. No longer do you need to be a first time buyer.  The dollar limit is $8000 for first time buyers and $6500 for move up buyers.  This GREAT news.  Combine this with 50 year lows in interest rates, and you’d be crazy not to consider making a move.  If you feel secure... [Read more]

Why Foreclosure Is Often Preferred By The Loan Servicer Instead Of Offering A Loan Modification

Have you ever wondered why a foreclosure occurs when a better solution might have been a modification?  Would you like to read the facts and figures and see how mortgages are bundled, sold and serviced?  You will soon see it is isn’t pretty, we are in the midst of a crisis, and it is likely to get worse before it gets better.  That being said, you can probably guess why-it’s... [Read more]

Home Buyer Tax Credit Information Update

It’s now official!! The tax credit has been extended and expanded. YOU NEED TO HURRY! You now have until the end of April 2010. The following summary of the credit is provided by the National Association Of Realtors. The following two documents cover the changes in the new law. Now get out there and buy a home!! NAR FAQ: Homebuyer Tax Credit Changes NAR Issue Brief: Homebuyer... [Read more]

Key Considerations of a 1031 Exchange

Don’t make mistakes when doing an exchange that would cause it to be disallowed by the IRS.  There ARE rules and requirements that need to be followed.  Working with experts-like First American-can help you get the guidance and access to the rules that you need to know and adhere to.  Tax deferral is just an exchange away.  Print out a copy of this PDF and follow the rules.  ... [Read more]

Benefits of a 1031 Exchange

One of my exchange partners is First American. They have put together a great reference piece on the benefits of a 1031 exchange. You might want to print this PDF and share it with your accountant or legal advisor. If you need help with the real estate portion-just ask and I’d be happy to help represent you in your exchange. Click Here for the PDF   Read More →

Minnesota Real Estate Newsletter Gives Access To Great Computer & Life Tips

I maintain a number of real estate sites, blogs, and newsletters. One newsletter that provides a number of computer tips to help you function better with a computer is http://www.REcyber.com/cybertips/r11627 The site is full of cyber space tricks and great places to visit. We have link to this site on the list of MN Real Estate links, but I wanted to highlight this particular newsletter... [Read more]

Buy A Minnesota Investment Property With Confidence

RE/MAX has put together a “how to guide” on how to buy investment property. Since knowledge is power, get the guide and brush up. It’s your money-get the information you need to become a successful Minnesota investment property investor.   Read More →

What Constitutes A Like Kind Exchange Vs An Outright Sale?

If you are one of the many people who have caught on to the fact that there is a lot of money to be made in real estate, then you are already on the right track. You can really build your wealth by purchasing and selling real estate, especially if you do it right and take advantages of systems and tax breaks out there. If you are interested in selling one of your investment properties... [Read more]

Who Can Act As The Qualified Intermediary For Your 1031 Exchange?

So you have finally decided that you want to sell an investment property and pick up another. You already know that there are taxes that are typically due within the tax year that you sell the property. But what if you would simply rather take that tax money and reinvest it into the same type or kind of investment property or something even better? Can you actually do that? Yes, with the... [Read more]

How Can I “Buy” A Replacement Property before Mine Is Sold?

Sometimes, the perfect investment property comes along as though it was fate. The problem is that the property you are trying to sell has not yet sold and you wanted to take advantage of the 1031 exchange. The 1031 exchange allows many wonderful benefits, including a deferment on capital gains owed. But the standard 1031 takes place once the first property of yours is sold and then you... [Read more]

The IRS Definition of an Exchange

If you have ever stumbled upon http://www.IRS.gov you have probably seen that there is a wealth of information on there. Some people find the site hard to navigate or simply find that some of the information is a little difficult to understand. If you are someone that is interested in real estate investments, it is vital that you make sure that you are fully aware of all the laws, restrictions... [Read more]

What Is A “Starker” Exchange And How Did It Get It’s Name?

Many people already know that there is a lot of money to be made in real estate investments. The thing is though, many people are a little shy about getting involved because of the amount of money that is required. Not only does a person have to have a little chunk of money to use as their start up, but there are also a lot of tax issues to deal with. Luckily, though, there is the starker... [Read more]

What are Some of the Mandatory Time Frames And Rules For 1031 Exchange?

Those who are experienced real estate investors might already know all of the ins and outs of the 1031 rules. Those who are just getting started in investments or who are simply looking into their options may not yet understand all of the 1031 requirements that are needed to be fulfilled in order to gain the tax benefits that are sought after. The first thing you want to do is to make... [Read more]

What are the Qualified Property Types for a 1031 Exchange?

If you are already a real estate investor or you are looking to become one, you want to make sure that you are learning all the tips and tricks out there to make sure that you are using your money wisely. There is nothing worse than paying tens of thousands in taxes when you really do not have to at the moment. If there were better things that you could do with that money, wouldn’t... [Read more]

What are the Mechanics of a 1031 Exchange-How Does it Work?

If you have ever wondered just how it was that real estate investors can go from one property to another without looking as though they just paid thousands of dollars in taxes? The reason they are able to move from one property to the next is simply because they are taking advantage of a little known secret called the IRS 1031 exchange. Without taking advantage of this exchange, someone... [Read more]

What are Some of the Tax Advantages of an Exchange?

What are Some of the Tax Advantages of an Exchange? Have you ever wondered how those investors purchase property after property and never seem to flinch a bit? How are they able to make so many wise investments and sell so many properties? Are there secrets? Well, yes and no. It is not really a secret because it is knowledge perfectly laid out on the IRS website. The problem is though;... [Read more]

What is a 1031 Exchange?

Many people already know that they want to get involved in the real estate market in one way or another; they just do not know where to begin. Before anyone invests in real estate, it is important to make sure that all of the laws and tax implications are studied. If you want to get involved in the real estate market, buying and selling homes, you want to make sure that you are learning... [Read more]