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    2 Replies Latest reply on Feb 13, 2009 3:54 PM by Profit.Finder

    Real Estate Exchanges 1031

    Coquient Newbie
      Does anyone have any experience with these 1031 exchanges? Is it agood or bad idea?
        • Re: Real Estate Exchanges 1031
          LUCKIEST Guide

          From Wikipedia, the free encyclopedia

          Tenants in common 1031 Exchange is a form of real estate
          asset ownership in the United States of America in which two or more
          persons have an undivided, fractional interest in the asset, where
          ownership shares are not required to be equal, and where ownership
          interests can be inherited. Each co-owner receives an individual deed
          at closing for his or her undivided percentage interest in the entire
          property. In brief, a TIC owner has the same rights and benefits as a
          single owner of property.
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          Although the TIC ownership form has been used for many years, its
          popularity has been increasing dramatically due to a recent IRS ruling.
          Exchangers often have difficulty in locating and closing suitable
          replacement property within the 45 day identification period and the
          180 day closing period. 1031 TIC exchanges can significantly reduce
          these risks.
          • Re: Real Estate Exchanges 1031
            Profit.Finder Wayfarer
            There are also other ways to increase you cash flow with investment properties once owned. Have you looked into cost segregation for your properties? This can free up substantial cash flow by reducing your tax bill as well. I provide completely custom, free reports to show businesses what the minimum benefit would be if they choose coast segregation now and over the long term. Let me know if you're curious and would like to make an informed, pressure free decision about it.

            Michael
            310-670-10161 Off
            727-365-7478 Cell