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Like-Kind Means a Lot More than Real Estate
 When we think of a 1031 exchange or "like-kind" exchange, we first think of exchanging real estate for real estate. And that is typically what is done. However, have you considered what the definition of "real property" is in a 1031 exchange or what types of property can be exchanged?
We know that a fee interest in any type of investment or business use real estate, whether residential, commercial, agricultural or industrial can be exchanged for a fee interest in any other residential, commercial, agricultural or industrial real estate. Have you ever considered that property interests other than a fee interest may also qualify for an exchange?
Some examples of property that may be defined as "real property" for 1031 purposes:
30 Year Leases
Easements
Cell Phone Towers/Billboards
Tenant-in-Common Interest
Mineral, Gas & Oil Interests
Life Estate
Option to Purchase Real Estate
While these types of "interests" are not usually thought of as real estate to most taxpayers, federal and state laws do allow these types of transactions to qualify for a 1031 exchange. If you are contemplating any of these types of property in an exchange, you should obtain the advice of a tax or legal advisor familiar with what constitutes real property in your state and perhaps you will be able to use section 1031 to accomplish your investment objectives.
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Lunch & Learn Webinar Series Kicks Off 
1031 CORP. is kicking off our Lunch & Learn Webinar Series providing quick educational sessions designed to help you build, sustain and preserve wealth. Grab your lunch, log on to a computer near you and we'll give a timely 45 minute session. Our sessions begin promptly at 12:05 pm and wrap up by 12:50 pm.
1031 Exchanges Made Easy
October 14th, 12:05 - 12:50 pm
This webinar will provide an overview of 1031 tax-deferred exchanges and their many benefits. We'll also review the requirements of a successful exchange.
Tax-Deferral Strategies for Unwinding your Real Estate Portfolio
October 20th, 12:05 - 12:50 pm
This webinar will explore two deferral strategies that may be advantageous when you have decided you no longer want to invest in real estate and wish to begin unwinding your portfolio. Judy Wetzel, CFP will explain structured sales and charitable remainder trusts and their benefits.
Tax Consequences of Selling your Primary Residence or Vacation Home
October 26th, 12:05 - 12:50 pm
This webinar will review the exclusion allowed under section 121 when selling your primary residence. We'll also discuss the sale of vacation homes and when they may be eligible for a 1031 exchange.
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SAVE THE DATE: State College Real Estate Investor Symposium
 1031 CORP. is joining forces with local companies to offer a State College Real Estate Investors Symposium on Tuesday, November 9, 2010 at Keller Williams Advantage Realty office in State College, PA. The complimentary program is designed to provide real estate investors with an update on the real estate market in the State College area. The real estate market update will be presented by Annette Yorks and Joni Teaman Spearly, ABR, two of the area's most seasoned REALTORS® and will include a look at the number of transactions, sale prices and sales trends as well as their insight on the state of the market today. The program will include information on section 1031 tax-deferred exchanges presented by Margo McDonnell, CES®, President of 1031 CORP. Also included will be a discussion on the availability of financing in the State College area. This program is a must for anyone interested in investing in Happy Valley! Complete program to be announced soon.
TUESDAY, NOVEMBER 9, 2010
7:00 - 9:00 pm
Keller Williams Advantage Realty
740 South Atherton Street
State College, PA (includes light refreshments)
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1031 CORP. Article Exchange
 As a new feature to our newsletter, each month we will share links to timely articles related to 1031 exchanges, real estate, taxes, investing and the ecomony that we think you will find interesting. Doubling Down on Housing
The Wall Street Journal
July 24, 2010
The Wall Street Journal
The Wall Street Journal
CNN Money
If you have any article you would like to share, please forward it to Margo McDonnell, CES®. and we'll include it in next month's reading list. |
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1031 Classes
In keeping with our commitment to educating investors and their professional advisors on 1031 exchanges and their many benefits, 1031 CORP. regularly offers classes and workshops tailored specifically to our audience. We invite you to join us at one of our upcoming seminars.
1031 EXCHANGES MADE EASY Seminar
Tuesday, October 5th, 2:00 - 4:00 pm
1031 CORP., 341 Tenth Avenue, Suite 200, Royersford, PA 19468
1031 EXCHANGES MADE EASY Seminar
Wednesday, October 20th, 6:30 - 8:30 pm
1031 CORP., 341 Tenth Avenue, Suite 200, Royersford, PA 19468
TAX-DEFERRED STRATEGIES FOR REAL ESTATE Class
Wednesday, October 13, 2010, 6:30 - 8:30 pm
Spring-Ford Area School District, 9th Grade Center, Room 402, 400 South Lewis Road, Royersford, PA 19468
$10 registration fee
To schedule a 1031 seminar or sales workshop for your group, please call Margo McDonnell, CES® at 1.800.828.1031 ext. 212 or send her an email. |
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About 1031 CORP.
Serving as a nationwide qualified intermediary for 1031 tax-deferred exchanges since 1991, 1031 CORP. strives to provide a superior exchange experience for its customers and their advisors. We provide our customers with enhanced security of funds, knowledgeable exchange professionals and a commitment to keep the exchange process simple for our customers and their advisors. Every member of the exchange team is a Certified Exchange Specialist® and has the experience and expertise to facilitate even the most complex exchange transaction, including reverse, improvement and personal property exchanges. Additional information can be found at www.1031CORP.com. |
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Margo McDonnell, CES®
Certified Exchange Specialist®
President
1.800.828.1031 ext. 212
Mobile: 610.680.6896
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Sue Umstead, CES®
Certified Exchange Specialist®
Senior Vice President
1.800.828.1031 ext. 208
Mobile: 610.755.8520
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Marissa LoCascio, CES®
Certified Exchange Specialist®
Senior Exchange Officer
1.800.828.1031 ext. 210
Mobile: 610.742.4351
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Look for 1031 CORP. at Limerick Community Fair Visit Marissa LoCascio and Margo McDonnell at the 1031 CORP. table at the Community Picnic and Vendor Fair hosted by Keller Williams Realty Group at 542 N. Lewis Road, Limerick, PA 19468. There will be plenty of food, Face Painting, a Moon Bounce, Plenty of Prizes for Kids and of course a Vendor Fair! |
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Look for 1031 CORP. at
TriState's 2010 ACRES Visit Margo McDonnell and Sue Umstead at the 1031 CORP. exhibit at the 2010 Annual Commercial Real Estate Show on October 27th at Harrah's Chester.
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