Because Haven Exchange maintains separate money market bank accounts for every exchange (not at all the same as “money market funds”), not one penny of 1031 exchange funds has been lost on the latest Wall Street roller coaster ride. All of the money is still in the Bank!
Seek Haven Exchange 866-794-1031
$2,200,000 Exchange dollars looking for an up-leg replacement property with ~6 CAP rate (Units, Industrial, Retail)
Franck is a registered representative and real estate broker specializing in passive investments into institutional grade properties located throughout the United States, designed both for IRC Section 1031 Exchange & for Direct Investments: Delaware Statutory Trusts (DST’s) and Real Estate Funds.
From First Tuesday:
The Internal Revenue Code (IRC) §1031 reinvestment plan, also called a §1031 transaction or exchange, allows an owner to sell business-use or investment real estate and use the sales proceeds to purchase replacement business-use or investment real estate, called like-kind properties, without a tax on the profit. The reinvestment transfers the cost basis –– the original cost incurred to purchase and improve the property less deductions for depreciation and destruction –– remaining in the property sold to the replacement property purchased. This is an accounting matter of concern only to the investor and the Internal Revenue Service (IRS). [See first tuesday Form 171 and 354]
In Maricopa County fronts on Hwy 60 appx. 1 mi W. of Aquila, Arizona. Continue reading
Car Wash Brokers is looking for a Partner Continue reading
1031 exchanges out of California still being obligated to pay California for any capital gains.
Beware of The California Claw-Back At first glance
Your replacement property must be identified, purchased and CLOSED before you file your taxes. Continue reading
Clients needed for HAVEN EXCHANGE, a Qualified Intermediary for 1031 Exchanges, E&O Insurance, CPA’s on retainer to help your client.
Fully Segregated FDIC Insured Money Market Accounts with a surety bond for every penny on deposit. Over 17,000 transactions completed. “THE SAFEST Q.I.” $750 fee for Both Properties.