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Introduction: One of the top 1031 tax deferred
exchange experts in the country, Gary Gorman,
with The 1031 Exchange Experts; - The benefits
of 1031 exchanges; - The book, "Exchanging
UP!" How to build a real estate empire
without paying taxes using 1031 exchanges. |
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About The 1031 Exchange Experts, LLC. - What
a 1031 exchange does. - What you have to do.
- The Book Exchanging UP! - Where you can
get it. - 1031 exchange questions: Retirement
homes. - Avoiding capital gains. - Section
121 exemption. |
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What
are the benefits of the book? Mark Victor
Hanson. On Amazon.com for 1031 exchanges,
there is only 1 book out there, written about
6 years ago (as of 3-19-05). Gary Gorman's
book is also coming out. Access to over 30,000
transactions. Other things Gary does. More
books out in a few months. Gary Gorman, 1031
tax deferred exchange expert. A company with
multiple locations and an expert in their
field. About investment property, how do you
protect them from capital gains, or at least
roll them over and defer them for a period
of time? |
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Sean Healey and Todd Binkley. Do you have
to identify another property and go through
a third party to do an exchange? There are
6 things you have to do for a successful 1031
exchange. Both properties must be held for
investment. Do you have to find property to
buy before you sell to do the exchange? There
are 45 days from the sell for a list of properties
to buy. Should the property be sold first
or should the 1031 exchange experts be contacted
before the sale? Gary's book, "Exchanging
Up!," is a good book with precise information
on 1031 exchanges. |
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Sean
Healey with Gary Gorman. What are the benefits
and who is the 1031 designed for? Wanting
some information from on 1031 exchanges a
general perspective. How do you find a good
lot? How do you get started as an investor?
Gary answers 1031 exchange questions. As a
part of the 6 things for a successful 1031
exchange you must be "buying equal or up."
If using a primary residency how can you get
gains tax free? Can that money be used to
do anything with? |
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Gary
Gorman - Question about individually owned
property – How can you transfer property
to a limited liability company? What is the
process for transferring property from an
individual's name to a Limited Liability
Company, LLC. A title company for transferring
the title to an LLC. Setting up an LLC for
each property. |
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What
is the 1031 Exchange Experts, what do they
do, and what is some information about the
company? A local phone Number for the Experts
in Denver, and an excellent website at www.expert1031.com
. The six steps about exchanges from step
1 to 6. How much do Qualified Intermediaries
charge and how are the charges determined?
How to watch out for co-mingled accounts and
request separate accounts. |
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How
long do you have to hold an investment property
to qualify for an exchange? What about Fix
and Flip Property? What about the book "Exchanging
Up!"? "Rich dad, Poor Dad," same publisher.
Mark Victor Hanson. What states are you located
in? Where are your offices located? |
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Can
"The 1031 Exchange Experts" help
people in all States? Is there any type of
consumer information out there, how do you
pick a Qualified Intermediary to handle the
exchange? Where do you get that information?
Tom Martino's Trouble Shooter List.
The 1031 Exchange experts, phone number and
website. |
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Closed
on a house in February can they still do a
1031? Is IRS changing the 2 year requirement
for personal residency before you can sell
the 1031? How long do you have to live at
the residence? Selling Personal Residency
or buying for Roll-Over property in 1031 exchange? |
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If
you find property to buy before you put the
investment property on the market, have it
held in limbo, and buy it after the exchange?
What is a Reverse Exchange? The rules for
a Reverse Exchange. How to get information
on Reverse Exchanges. Contact information. |
