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Rule 1: Like-Kind Property To qualify as a 1031 exchange, the property being sold and the property being acquired must be “like-kind. Rule 2: Investment or Business Property Only A 1031 exchange is only applicable for Investment or business property, not personal property. In other words, you can’t swap one primary residence for another. Rule 3:Continue reading “What Real Estate 1031 Exchange Rules Must I Follow?”

The following methods can be used, whether you are exchanging from one property to another, or are working with multiple assets. Delayed Exchange The delayed exchange is the most common method in use. Through the delayed exchange, you sell your property, find a like-kind replacement property within 45 days (“identification period”), then close on the replacement property within 180Continue reading “Types of 1031 exchange rules”

This 1031 exchange checklist is intended to provide a brief overview of the steps involved in an IRC Section 1031 tax-deferred exchange and when Asset Preservation, Inc. (API) should be contacted throughout the process. This checklist does not address all issues involved in an exchange. Please read all of the exchange documents prepared by API. Continue reading “1031 Exchange Checklist”

Dowdall selected Atlantic Exchange Company, LLC (AEC) to act as QI. During the course of the exchange, the taxpayer’s proceeds were stolen by AEC and Edward Okun, AEC’s sole member. The taxpayer’s loss was over $604,000. The taxpayer argued that his loss was caused by Dowdall’s legal malpractice, including: Failure to properly investigate AEC beforeContinue reading “ACCOUNTANTS, ATTORNEYS, AND FINANCIAL ADVISORS BEWARE”

To understand the powerful protection a 1031 exchange offers, consider the following example: Assume an investor has $400,000 in gain and also $400,000 in net proceeds after closing. Assuming an investor with a $400,000 capital gain and incurs a tax liability of approximately $140,000 in combined taxes (depreciation recapture, federal capital gain tax, state capital gain tax,Continue reading “How to Do a 1031 Exchange”

Now that you know how important it is to follow up, and how long (give or take) you should wait before sending each email, let’s go through how to write the follow-up email itself. 1. Add Context Try to jog your recipient’s memory by opening your email with a reference to a previous email orContinue reading “How to Write a Follow Up Email”

Let me walk you step-by-step through setting up your email marketing drip sequence. Step 1: Distinguish your target group Drip email campaigns are about delivering the right message to the right audience. For that, the first step is to determine who you are targeting with your drip campaign. Your target group can be: Blog subscribersContinue reading “How to Create a Drip Email Campaign”

An email drip campaign is a triggered sequence of automated emails sent on a predefined schedule to targeted email subscribers to achieve a specific result. The automated and triggered email campaign enables you to personalize messages to your subscribers on a large scale, based on an action. Let’s say a website visitor fills a contactContinue reading “What is an Email Drip Campaign?”

Really niche until it hurts. Don’t just find potential buyers, but find out who your ideal buyers are and look for leads who match that profile Instead of the timid options, just start out with the questions at hand. Good templates along with personalization are also a necessary combination to avoid email mistakes. Cut out all of the fluff.Continue reading “Our List of Email Mistakes to Avoid”

Email Mistake 1: Playing to the Wrong Crowd No matter how beautiful an orchestra plays, there are many people who just don’t care for it. And others still who like it, but don’t LOVE it. The same is true with your products/services. The skills that you offer will speak better to some target markets than others. EmailContinue reading “Our List of Email Mistakes to Avoid”