Los Angeles ranks as the top choice in the U.S. for international real estate investors

  Los Angeles ranks as the top choice in the U.S. for international real estate investors   Downtown Los Angeles Luis Sinco / Los Angeles Times A survey of global real estate investors has found that Los Angeles, in the midst of a building boom, is one of the top choices this year for buying … Continue reading Los Angeles ranks as the top choice in the U.S. for international real estate investors

1031 Exchange Information Pt.4

From First Tuesday No limitations are placed on size, value or location of the properties involved in a §1031 reinvestment plan, as long as the properties are located within the United States. For a partially qualified §1031 transaction, a portion (but not all) of the profit is exempt from taxes. Part of the profit on … Continue reading 1031 Exchange Information Pt.4

1031 Exchange Information Pt.3

From First Tuesday An investor must avoid actual or constructive receipt of the net sales proceeds on the sale of their property to qualify for the §1031 exemption. Thus, they may not receive their net sales proceeds themselves and in turn deposit the funds into the purchase escrow for the replacement property. To avoid receipt … Continue reading 1031 Exchange Information Pt.3

1031 Exchange Information Pt.2

From First Tuesday Further, properties transferred –– exchanged –– between related persons in a §1031 transaction must be held by both persons for a minimum of two years after acquisition. Only then do business-use properties qualify as §1031 property for resale on a cash out or further §1031 reinvestment. [IRC §1031(f)(1)] The benefits and advantages … Continue reading 1031 Exchange Information Pt.2

1031 Exchange Information Pt.1

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 … Continue reading 1031 Exchange Information Pt.1