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New ruling has been issued: Safe harbor for vacation homes with 1031 exchanges

Until recently, there has been little guidance from the IRS as to whether or not vacation homes qualify for §1031 exchanges. In 2007, th...

How to do a Section 1031 exchange on a vacation home held for investment

Internal Revenue Code Sec. 1031(a) provides that "no gain or loss shall be recognized on the exchange of property held for productive use in...

1031 exchanges maximize equity utilization and leverage during times of tight credit

Section 1031 of the Internal Revenue Code offers significant advantages for taxpayers engaging in commercial real estate transactions. Simp...

What every real estate investor wants to know: How can I make Section 1031 work for me?

What every real estate investor wants to know is "How can I make Section 1031 work for me? Isn't that just for investors who have multi mill...

A six month extension to look for property; ruling confirms opportunity to buy replacement property

Exchanges between related parties have been a major source of confusion. The absence of regulations and the IRS' mixing-up of different rel...

Determining if your cap-rate is a critical component when analyzing to keep your investment holdings

The capitalization rate or cap-rate is a ratio used to estimate the value of income producing properties. Determining your cap-rate is a cri...

A prudent and practical approach to protecting the 1031 exchange client in TIC investments

The explosive growth of the relatively new Tenant in Common (TIC) industry has raised concerns about investor protection, as all investments...

IRS guidance on exchanging vacation homes: Revenue procedures 2008-16 provides safe harbour

Until now, the issue of whether a vacation home qualifies for tax deferral treatment under IRC §1031, was the subject of much scrutiny an...

Chozick of Chozick Realty arranges $2.84 million sale of four buildings totaling 43 units to Yale Buildings

Rick Chozick of Chozick Realty has arranged the sale of four multifamily apartment buildings for $2.84 million. The CHFA Small Properties,...

Baumann of CB Richard Ellis/The Boulos Co. completes three lease totaling 16,370 s/f

Novare Res has leased 6,370 s/f of restaurant space at 4 Canal Plaza from Buckstar II, LLC. This was brokered on behalf of the landlord by...