1031 Exchange Expert: Qualified Intermediary, 1031 Exchanges, Accommodator, California and the U.S., etc., etc,

U.S. Geological Service Issues Report on California They reported that there is a 99% chance that California will experience a 6.0+ earthquake in the next 30 years. Southern California's has a slightly higher chance for a large scale earthquake than northern California. What that means is that ev...

Last Wednesday - Great Tournament A full complement of golfers took to the links at Riverbend Golf Course to participate in the Annual FAR Golf Tournament. Many affiliates developed creative themes for the holes they sponsored. Asset Preservation, Inc. sponsored Hole Number 12, where we served Mo...

It's Important Who Drafts the Operating Agreement and Partnership Agreement Recently, I was called by a former client who was concerned because he was the managing member of an LLC that had done a multiple property exchange. One of the other members, an attorney, had drafted the LLC's Operating A...

A Quick Review of the Most Commonly Misunderstood Aspect of 1031 ExchangesYesterday, we examined some more advanced aspects of 1031 exchanges that addressed like kind property issues. I thought it would be helpful to do a quick review on one of the most confusing areas of 1031s.One of the most co...

Exchanging Development RightsI posted these during a low traffic period this morning. I've been checking on the stats and it looks like they were largely missed. Click here for Post 1 of 2  "Definition of Development Rights" and click here for Post 2 of 2 for the "IRS's Analysis of Transferable D...

 How the IRS Analyzes Whether Transferable Development Rights are Like-KindIn my previous Post 1 of 2 that addressed the definition of Transferable Development Rights ("TDR") we saw that the IRS, in a PLR* determined that they were like-kind to a fee simple. Below, we will look at the analysis an...

Several weeks ago in my blog I discussed different types of property that may or may not qualify as like-kind including leaseholds, oil, gas and mineral rights, water rights, REITS and Timeshares, and easements. In this post we will examine the definition of development rights and in Post 2 we wi...

New Milestone!!  With each new milestone I achieve on AR, I become more grateful for finding this unique and dynamic community. I've made friends from all over the country. People have contacted me who moved away from the Fresno area and are reconnecting with California's wonderfull Central Valle...

  1031 tax deferred exchanges provide real estate agents with a tremendous opportunity to increase commissions!  Conversely, by not understanding a few key exchange concepts, real estate agents often can unknowingly incur increased liability. I have provided answers to questions frequently asked ...

Valley Children's HospitalYesterday, I was honored to be invited to the very exclusive La Feliz Derby Downs Fundraiser benefiting Valley Children's Hospital. It is a Kentucky Derby themed day at the Fresno County Fairgrounds. Invitees are encouraged to dress in their best "Derby Wear." They have ...