Posted by Brandi_TX on June 02, 1999 at 24:36:29:
Ask them to send you an info package.
Brandi_TX
1031 Property Exchanges-Huh? HELP! - Posted by Tom Coffman
Posted by Tom Coffman on June 01, 1999 at 23:40:33:
I have been developing a portfolio with a partner for the past two months here in SC and have repeatedly come across the “1031 Exchange” term. Does anyone have any info on this, whether details or maybe just a document or website I need to review. Would like to know as much as I can cram in my little brain. Please let me know!Thanks!
Tom
Wanna be a pro in 1031’s(Pay tax or use as equity). - Posted by Harvey Carroll, Jr.
Posted by Harvey Carroll, Jr. on June 04, 1999 at 23:03:36:
One thing I discussed in class while finishing a degree was the fact that the tax deferment is as good as a 30+% investment. For example, if I sell an apartment complex (I pay 30+% taxes to Uncle Sam). However, If I trade for a similar priced deal say a McDonalds then I get to keep the 30+% as an equity investment instead of paying taxes…
This is all I know and understand about it. I plan on calling the numbers listed and do additional research. I have tons of spreadsheets to analyse the big deals and hope to specialize in this area. Fell free to keep my email perhaps I can consult some day…
JR
Carroll Consulting and Realty
Re: 1031 Property Exchanges-Huh? HELP! - Posted by Irwin
Posted by Irwin on June 03, 1999 at 07:13:21:
Tom: Just search “1031 exchange”. There are boucoup sites that offer information and services in this area.
Re: 1031 Property Exchanges-Huh? HELP! - Posted by mike
Posted by mike on June 02, 1999 at 22:33:04:
get a tax book and turn to section 1031
1 800 SOS 1031 - Posted by Bill Gatten
Posted by Bill Gatten on June 02, 1999 at 19:39:44:
If you ask Carl Tully (great guy) what time it is, he’ll be compelled to teach your how to build a clock.
Bill