| Welcome to the Queen Bee Newsletter
Investor Edition |
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Dear (Contact First Name),
What's new at Carrie Pierce & Associates? Business is going great and currently we're looking to hire an assistant to keep up the quality of service we like to provide. Please spread the word or if you know anyone who might be a good fit for the position, feel free to give them my number.
The Client Appreciation Event was a huge success! Estate Planning expert Chuck Lehman was both informative and entertaining. The Washington Athletic Club provided a delicious breakfast along with champagne.
Have an idea for the next client appreciation event? Email Carrie at carrie@carriepierce.net
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Foreclosures Fall by 5% in Seattle |
Default Research, the premier provider of foreclosure real estate data in the Seattle region, is reporting that foreclosures in King, Pierce and Snohomish counties declined by five percent in March of 2008. According to Bankaci, in some regions of the Default Research coverage area, The total number of Notice of Trustee Sales recorded in March totaled 379 in King, 380 in Pierce and 215 in Snohomish. Only .70 percent of total household in these regions had foreclosure activity. "Seattle continues to be one of the safest real estate markets in the country," said Serdar Bankaci, founder of Default Research. |
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Investing Q&A |
Q: How long do I have to buy a home under a 1031 exchange?
A: There are 2 timelines that anybody going for a 1031 property exchange.
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The indemnification period is the crucial period during which the party selling a property must identify other replacement properties that he proposes or wishes to buy. The indemnification period is scheduled as exactly 45 days from the day of selling the relinquished property. This 45 days timeline must be followed under any and all circumstances and is not extendable in any way, even if the 45th day falls on a Saturday, Sunday or legal US holiday.
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The exchange period is the period within which a person who has sold the relinquished property must receive the replacement property. The exchange period ends at exactly 180 days after the date on which the person transfers the property relinquished or the due date for the person's tax return for that taxable year in which the transfer of the relinquished property has occurred, whichever situation is earlier. |
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The Queen Bee Mission Statement
The Queen Bee is a straight up, no non-sense newsletter dedicated to providing you the latest market information as it pertains to real estate investing. There are no attempts sell you on anything and if we ever do you have our full permission to smack us up side the head. We are here to provide truthful and relevant educational material in an effort to help you attain your real estate investing goals.
Sincerely,
Carrie Pierce & Associates
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