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Real Estate Resources
Welcome to the AAOA Forum, where we discuss the the topics our members want to hear and want to talk about. We like to take an active roll in the online community to help our members learn and help educate landlords new and old. We encourage you to participate and join in our discussions. Thanks.
Interest On Your Money Can Pay for 1031 Exchange Fees
Tell Me About My Money…
That The Intermediary Holds During an Exchange
by Ken Tharp, Iowa Equity Exchange
As a Qualified Intermediary, Iowa Equity Exchange has the very specific role of guiding the investor through a §1031 exchange. We inform the investor of exchange requirements, produce the necessary exchange documents, provide the critical time monitoring procedures required, and manage the investor’s funds while in our possession.
First let’s discuss the earnings that your account generates while it is in the care of the intermediary.
Did you know that many intermediary services earn the majority of their income from the interest that your account generates for them while they hold it!?
By paying their clients little or no interest on their funds, they pocket the lion’s share of the earnings from your money.
We do not believe that is fair or reasonable. Read the rest of this entry »
Posted by Kim Ezzell on 08.25.2008. CLICK to Leave a Comment »
Filed under: 1031 Exchange, AAOA Forum
Demystifying the Reverse Exchange
by Ken Tharp, Iowa Equity Exchange
As a Qualified Intermediary, Iowa Equity Exchange has the very specific role of guiding the investor through a §1031 exchange. We inform the investor of exchange requirements, produce the necessary exchange documents, provide the critical time monitoring procedures required, and manage the investor’s funds while in our possession.
Reverse exchanges are gaining in popularity, but they are often misunderstood and they can be confusing. Let’s investigate the basics of this exchange structure.
Sometimes a situation arises in which an investor or property owner wants to purchase a property but wishes to sell a property that he or she already owns to provide the funds needed to purchase the new property. If the old property sells prior to closing on the new property, the investor can employ a standard Section 1031 exchange to defer capital gain taxes on the sale.
But what if the investor needs to close on the new property before the old one can close, or perhaps before it is even on the market? Read the rest of this entry »
Posted by Kim Ezzell on 08.02.2008. 1 Comment »
Filed under: 1031 Exchange, AAOA Forum, Make Extra Money, Property Sales