What is the IRS’s Position on Reverse Real Estate Exchanges? The IRS issued Revenue Procedure 2000-37 (Rev Proc) in September 2000 that gives taxpayers guidance on Reverse 1031 Exchanges. A “Safe Harbor” Reverse introduces a new entity into the reverse process-an Exchange Accommodation Titleholder (EAT). An EAT is a single member limited liability company (LLC)…

Saturday, July 19, 2014 10:00 AM to 11:00 AM Pay IT Forward Realty 1116 Cape Coral Pkwy E, Cape Coral, FL (map) Join us for a complimentary seminar to find out: • The three levels of experience (and where you’re at!) • How to build your professional team • Options to minimize tax ramifications and why a 1031…

The term “boot” is not used in the IRS regulations, however, it is commonly used to describe the cash or proceeds that an investor receives in addition to the replacement property when completing a 1031 Exchange. The IRS is very clear that receipt of cash or proceeds either during or at the conclusion of an…

If you or your clients have never read “Rich Dad Poor Dad” by Rober Kiyosaki, I recommend you do so now. This book has impacted almost every investor who has read it. It provides a good call to action for many who have been lulled into a false sense of security in the status quo.…

Dave Foster of ERG will be participating in the “Believe” 2014 District 13 Conference & Expo on June 20th in Punta Gorda Florida. This promises to be a great event with keynote speaker John Tuccillo and a line up of useful seminars on a variety of topics. Be sure to stop by exhibit 120 to…

What is a 1031 Exchange? When you sell a property you typically have to pay tax on the gain. Gain is created when the property appreciates in value during its ownership or when deductions for depreciation are taken for tax purposes. A Section 1031 tax deferred exchange, named for the Internal Revenue Code Section it…

By Del Walmsley & Dan McCabe, find out more here: https://www.lifestylesunlimited.com/del-walmsley-dan-mccabe-get-paying-taxes-hate/

While many aspects of a 1031 Exchange are straightforward and clearly delineated, the holding period of a year and a day is a facet that has been debated, scrutinized and litigated. While not an explicit policy, the IRS has been found to favor exchanges for investment properties that are held for longer periods of time…

I recently heard an interview with Ian Altman, co-author of Same Side Selling, on the Eventual Millionaire podcast. As much of his approach resonates with how we at Exchange Resource Group manage our business relationships, I was intrigued and eager to learn more. After I finished reading this book (that he wrote with Jack Quarles),…