Estate Type
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 Estate pipe MAURO ARMELLINI FATTA A MANO NEVER SMOKEDCALABASH TYPE BOWL $110.00 Time Remaining: 20d 20h 27m Buy It Now for only: $110.00 |
 ANTIQUE BLOCK MEERSCHAUM SMOKING PIPE ESTATE V NICE MOTHER OF PEARL TYPE STEM $25.00 (1 Bid) Time Remaining: 2d 2h 38m |
 STANWELL VARIO 141 BILLIARD TYPE PIPE $55.00 Time Remaining: 23d 10h 44m Buy It Now for only: $55.00 |
 Estate KBB YELLO BOLE CHESTERFIELD Oom Paul Pipe Sherlock Holmes P Type Bit $24.95 Time Remaining: 2d 5h 35m |
 STANWELL VARIO 40 SHORT BILLIARD TYPE PIPE Made in Denmark $50.00 Time Remaining: 23d 10h 52m Buy It Now for only: $50.00 |
 Bowl Only Unsmoked and unmarked clay trade type Estate Tobacco Smoking Pipe $9.99 Time Remaining: 5d 3h 18m Buy It Now for only: $11.99 |
Estate Type
1031"Qualified Real Estate” Thy Name is Diversity
It is common to think of a 1031 transaction as one involving land for land or buildings for buildings. However, this is a tragic oversimplification.1031 transactions deal with “like-kind” property and in most people’s minds “like-kind” means both pieces of property are alike, such as trading land for land. But do not follow this train of thought when dealing with real estate; in the eyes of the IRS “like-kind” refers to all “qualified real estate”, opening the doors to a wide array of transactions.
For example:
In one case a person wished to exchange18 oil wells valued at 1.375 million for an apartment or office building. If they were to simply sell the oil wells and buy their building of choice, they would face a substantial capital gains tax; however, through the use of a 1031 they are now making this exchange tax free. That is because oil wells are considered qualified real estate and are eligible for a 1031 involving all other qualified real estate. Other qualified real estate types include: Coal mines, mineral rights, timber, and vineyards.
This all means that investors have an immense selection of properties to both acquire and exchange using a 1031.
Note: The example above pertains to real estate. A 1031 can also be used for property other than real estate such as medical equipment or airplanes, in which case the property would have to be alike i.e.: airplanes for airplanes, medical equipment for medical equipment.
ES Group is a Qualified Intermediary pursuant to Internal Revenue Code §1031. ES Group corresponds with each client's attorney and/or tax advisor and forwards legal documentation, as requested, so that the Internal Revenue Code §1031 rules and regulations are thoroughly understood. ES Group prepares the necessary documentation- Exchange Agreements, Assignment Agreements, Notice of Assignments, and oversees each closing to assist in proper §1031 procedures. ES Group provides guidance, information and critical timelines throughout the entire exchange.
About the Author
James’ responsibilities include serving as the primary point of contact for affluent and institutional clients. James works closely with a team of experienced advisors to offer customized exchange solutions. Prior to founding ES Group, James served as the Mid-Atlantic Regional Manager for two of the leading National 1031 Exchange Qualified Intermediaries, where he was responsible for assisting real estate investors, accountants, attorneys, REITs, and private equity groups with executing like-kind exchange transactions.
www.esgroup.com
What type of education does a future real estate agent need to have?
what education do they need and also personal qualities.
none - i've seen agents/realtors with probably zero educational experience - I mean with iq of zero !
Jaguar X-type estate