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Flawless Section 1031 Exchanges For Over 28 Years |
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REAL-LIFE EXAMPLES OF OUR EXCHANGES |
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 This
is an interesting reverse exchange case study. Our client had a unique
opportunity to acquire lake-front land that abutted his personal residence. The
new property will be held for investment but clearly enhances his existing
property. Because the equity needed to close was tied up in an existing
ocean-front rental condo in Florida, the mechanism of a reverse exchange was
utilized.
We created a legal entity to acquire the existing beach-front condo using loan funds the client provided. The funds came to us as the Qualified Intermediary, and the client went ahead and acquired the lake-front land. The low basis in the beach property shifted once it was sold to our entity and now this basis resides in the lake property. In these types of exchanges the client has 180 days to sell the existing property (now titled to the new legal entity). |
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Edmund
&
Wheeler, Inc.
QI |
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Edmund and Wheeler is actively involved |
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| Edmund & Wheeler, Inc. headquartered in Littleton, New Hampshire (NH) is a Section 1031 Qualified Intermediary with over 27 years of experience. Edmund & Wheeler has completed thousands of successful exchanges in 47 states. George E. Foss III is the firm's principal bringing with him decades of experience in finance, tax issues, banking, real estate and most importantly is a proven expert in all things Section 1031. This site contains real-life examples of successful exchanges, industry insight, detailed case studies of exchanges, Section 1031 news and other related materials. Real-life examples of Section 1031 Exchanges. | |
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Copyright 2009.
Edmund & Wheeler, Inc. all rights
reserved. |
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