1031 Exchange The third in a three-part series By Jefferson Riddell, Esq After the real estate downturn, the number of 1031 exchanges decreased significantly. However, lately we’ve noticed an uptick in 1031 exchanges, perhaps a sign that the market is recovering or just an indication that investors are realizing it’s still one of the best tax shelters available.
Wednesday, August 31, 2011
1031 Exchange The second in a three-part series By Jefferson Riddell, Esq Although 1031 Exchange has been in the internal revenue code since 1921, the scope of its use in recent years is unprecedented. Originally an “out west” phenomenon, the use of 1031 Exchange has spread rapidly east in recent years.
Wednesday, July 13, 2011
How To Sell Your Business Tax Free The first in a three-part series on 1031 Exchange By Jefferson F. Riddell, Esq. Most people are aware that they can sell vacant land and rental properties via 1031 Exchange and defer payment of capital gains taxes. Fewer people are aware that, if they sell an active business–be it a manufacturing [...]
Wednesday, July 13, 2011
Was It Something I Said? By Anne Weintraub, Esquire Let’s face it: deals die. We all go into the purchase and sale contract of a home with a goal of closing, not just to push paper and let it fall apart. Some deals rightfully die because they should. The cause may be property damage, undisclosed problems, death, [...]
Tuesday, February 8, 2011
Have H.A.F.A.? By Anne Weintraub, Esquire It was billed as an exciting new government program to assist homeowners who did not qualify for loan modifications under the Obama administration’s HAMP program. Under the Home Affordable Foreclosure Alternatives Program, or HAFA, a borrower could qualify for a short sale by submitting a HAFA application to their lender to [...]
Tuesday, June 8, 2010
Top 10 Questions to Talk Over with Your Attorney Prior To The Pre-Foreclosure Decision By Jim Soda It is imperative that any homeowner seeking to determine if a short sale is in their best interest, be able to distinguish between their own interests and the interests of lenders, buyers, investors, and real estate-related professionals
Tuesday, June 1, 2010
1031 Exchange By Jeff Riddell Although 1031 Exchange has been in the internal revenue code since 1921, the scope of its use in recent years is unprecedented. Originally an “out west” phenomenon, the use of 1031 Exchange has spread rapidly east in recent years. With all of the “unintentional millionaires” out there today, even the little guys [...]
Thursday, April 22, 2010
Seller Financing By Jeff Riddell It’s hard to get a mortgage these days. So, what’s a seller (and maybe the seller’s real estate agent) to do? Seller financing (sometimes called owner financing) may do the trick. Florida recognizes several approaches, each with its pros and cons. First there is the traditional seller carry-back mortgage. The buyer and seller sign [...]
Tuesday, March 30, 2010
Take Over The Payments By Jeff Riddell Unfortunately, many people would like to dump their properties even though they made substantial downpayments. Some use jingle mail (send the keys to the lender and walk away). There are consequences, however. Since the lender will still need to foreclose, the owner will still have a foreclosure on his record. [...]
Monday, March 1, 2010
1031 EXCHANGE By Jeff Riddell If there are taxes to be saved, a 1031 exchange should be considered as the exit strategy for any real estate that qualifies. Under the current rules the process is simple: Hire a qualified intermediary (QI) company and sign an exchange agreement, sell your relinquished property, escrow the proceeds with the QI [...]
Sarasota Film Festival Releases Event Schedule.
Attendees at last night's Sarasota Film Festival town hall meeting at Selby Library were treated to a preview of the upcoming gala event schedule. Mark your calendars for:
Lakewood Ranch Ranked As Ninth Best Selling Master Planned Community.
Lakewood Ranch announced that California-based John Burns Consulting ranked Lakewood Ranch in the top 10 selling master-planned communities in the United States, with 391 new home sales in 2011.
Home Resource Presents Bitch: Shakespeare’s Problem With Women.
Home Resource announces a presentation of Bitch: Shakespeare’s Problem With Women.
Ladies Sing The Blues To Fight Child Abuse.
Fundraising continues for Manatee Children's Services as Sarasota's top female singers raise their voices to help break the cycle of child abuese and neglect.
5th Annual Chillounge Night Returns To Sarasota.
South Palm Avenue will once again transform into a magnificent outdoor lounge area with 5 trucks of beautiful one of a kind furniture. Come and experience the ultimate outdoor lounge party; Chilllounge Night.
Visit Terra Ceia Bay During REAL Magazine's Open House Event.
Come join REAL Magazine and experience all that Terra Ceia Bay has to offer. Enjoy a pristine view of the Skyway Bridge, Hor D'oeuvres, Refreshments, Vodka Bar and a chance to win Prizes.
Selby Gardens Hosts A Plant Collectors Paradise.
Marie Selby Botanical Gardens presents the 37th Annual Plant and Garden Festival, February 25 and 26, 10am-5pm.
Habitat For Humanity Sarasota To Benefit From Lowe's Gift Card Matching.
On February 9, 2012, Lowe’s will match gift card purchases to help fund Habitat for Humanity Sarasota's next house build.
Murray Homes Making Movies And Building Homes.
The Murray Home team and a host of clients recently filmed a new Murray Homes promotional video.
Is Your Business Model Dying?
COBROOKE IDEAS I ARCHITECTURE I DESIGN, a Sarasota-based architecture/design firm, is offering a complimentary creative thinking seminar on February 21st
Cat Depot Receives Two Grants.
Cat Depot announced it was the recipient of two local grant awards; The Mary E. Parker Foundation award and The Edward E. and Lillian H. Bishop Foundation award.
Jo Ann Koontz Forms Koontz & Associates.
Jo Ann Koontz an Attorney and Certified Public Accountant formed Koontz & Associates, PL. Koontz & Associates is a law firm focusing on residential and commercial real estate transactions, federal and state tax law, and business law.
Suncoast Motorsports Presents Cars And Coffee.
Come join Suncoast Motorsports as they present the First Saturday of the Month, February 4th, Sarasota Cars and Coffee.
REAL Magazine Opens The Door At Terra Ceia Bay.
Come join REAL Magazine and experience all that Terra Ceia Bay has to offer. Enjoy a pristine view of the Skyway Bridge, Hor D'oeuvres, Refreshments, Vodka Bar and a chance to win Prizes.
Festivals Of Speed Is TAKING OVER Downtown St. Petersburg Waterfront!!!
Due to a huge showing of vehicles and attendees in 2011, Festivals of Speed has again expanded the St. Petersburg event
South Florida Museum Presents On The Waterfront.
The South Florida Museum presents On the Waterfront as part of the Film Fridays And The Winner Is series, 6pm on February 3, 2012.
Lois Schulman Now Sarasota Opera Program Advertising Consultant.
Sarasota Opera announced Lois Schulman is the new Program Advertising Consultant at Sarasota Opera and will work with Sarasota Opera to secure advertisers for the 2012 – 2013 Fall and Winter Season Program Books.
Abilities Possibilities Expo Set For February 14th.
The Stroke Association of Florida will host an Abilities Possibilities Expo on Tuesday, February 14th
Andrew Bers Completes Training In Luxury Home Market.
Andrew Bers of recently completed a luxury home marketing training course offered by The Institute for Luxury Home Marketing.
Sarasota Film Festival Hosts Town Hall Meeting.
The Sarasota Film Festival (SFF) opens its door for a Town Hall meeting February 8th from 5:30pm – 7:00pm at the Marie Selby Library. The event will feature a brief presentation about upcoming
programs and changes to the 2012 SFF
Easter Seals Southwest Florida Hanger Event At Dolphin Aviation.
Join Easter Seals Southwest Florida as they present toy designs for children with disabilities by designers from around the world.
South Florida Museum Chinese New Year Cultural Celebration.
Join the South Florida Museum this evening in celebrating the year of the Dragon at the third annual Chinese New Year Cultural Celebration.
Tracy Seider Wins WCR Humanitarian Award.
RE/MAX Alliance Group’s Broker-Associate, Tracy Seider, won the Humanitarian of the Year Award for 2011 from the Sarasota Women's Council of Realtors (WCR).
Linda Gross To Co-Manage Ovation.
Linda Gross and the Advice team will co-manage Ovation, Lakewood Ranch’s annual celebration of the gulf coast’s cultural assets.
Kim Stephens Number One Venice Agent In Volume.
RE/MAX Alliance Group’s Kim Stephens, ranked as the Number One agent in total volume for 2011 in the Venice Area Board of Realtors with $12.6 million.
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Wednesday, November 16, 2011
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