Michael Frey Your 1031 Exchange Realtor

1031 Exchange (Tax Advantage) is for business or income properties. Not for your primary residence. The video covers some of the basics that some people ask me. The main takeaway is that you need to hire your own "1031 Exchange Accommodator" to manage the process. 

Generally Speaking, The Key Takeaways may be: Your 1031 exchange Accommodator will ask you for three properties you wish to purchase. (You only need to buy one) These “3” properties must be selected within 45 days from the Close of the Escrow date. (The address MUST be sent to the Accommodator, NOT the Realtor) 

Final Property Purchases must be completed within 135 days from the end of the 45 previous days. The 1031 Accommodator is the Director, and your ground support is the Realtor. 

Website: Adam Nishikawa at Exchange Resources inc. (619) 550-6776 - 877-471-1031 office. anishikawa@ax1031.com I  know him through BMREA Caravan 

Exchange Types

1. Simultaneous Exchange

In a simultaneous exchange, the relinquished property is sold and replaced property acquired on the same day, with concurrent closing. The simultaneous exchange is rare, and investors should still use an Exchange Accommodator when doing a simultaneous exchange.

2. Delayed Exchange

The most common method of exchange, the delayed exchange, allows investors to sell a property and then acquire replacement property within 180 days.

3. Reverse Exchange

The Reverse exchange allows investors to acquire replacement property prior to selling, the reverse exchange can be more complicated, however, as both the new replacement property and (Soon to be) relinquished property cannot be owned at the same time. Asset Exchange Company, as an Exchange Accommodator Titleholder, will need to go on title to one of the two properties involved in the exchange. Investors considering a reverse exchange should contact Asset Exchange e Company in advance (2 weeks) of closing on replacement property.

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9 Tips for selling your house..

1031 Exchange Tas Deferred Exchange allows real estate investors to defer the payment of capital gains taxes when selling an investment property and exchanging it for another. Several types of exchanges are available, and there are many rules to follow to qualify for tax deferral.

"Digital Marketing for your home" Cool Video.

Integrity and Character is the difference. Real Estate transaction are large moments in our lives. Making the right decision start with working with Michael Frey as your Agent. 

Staging - STRATEGIES

Recommended Home Stager Dana Ritchie.

  I always recommend staging a home for sale. Yes, it is difficult to tell the homeowner to remove everything that has made their home special and uniquely individualized for their own personal taste. Selling a home for the most amount of money almost always requires the removal of personal items; Buyers need a blank slate to build their own hopes and dreams in the property.

1. The 3 Property rule.

The 3-property rule allows for the identification of any three properties, of any price anywhere in the United States.

2. The 200% rule.

The 200% Rule is an option for identifying more than three properties. With the 200% Rule, four or more properties can be identified, however, the combined value of all properties identified cannot excel 200% of the property sold. 

Example: Investor A sells a rental home for $1,00,000. Investor A can identify ten $200,000 rentals or four $500,000 rental combinations. Provided that the aggregate is under $2,000,000.

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