1031 exchange

The Internal Revenue Service (IRS) recognizes that individuals who structure their real estate sales as a 1031 exchange are required to abide by stringent timeframes in which they must identify and acquire replacement real property. NOTE: Please consult with a certified tax professional to provide the most up-to-date guidance relating to Internal Revenue Service issues …

[COVID-19] IRS Guidance for 1031 Extensions Marred by Ambiguity Read More »

signing papers

From time to time, a buyer may ask a seller to carry back a promissory note (“Note”) on the acquisition of real property. This strategy of the seller essentially acting as the lender is referred to as “seller financing” or a “seller carry-back.” A seller carry-back Note can be a powerful sales tool when negotiating …

Seller Carry-Back Financing Options Read More »