If you are thinking about diversifying your portfolio by trading out of real estate investments and into mineral rights, you’ll need to determine whether the mineral right is exchangeable and whether it is like kind to the real estate you plan to sell. ...

In some regions of the country it is common for attorneys to act as closing agents in connection with the sale and purchase of real estate. When acting as a closing agent, the attorney receives the purchase price from the buyer and, once the closing ...

Exchange vs. Non-Exchange Expenses When closing a 1031 exchange transaction, it’s important to focus on which expenses are being paid with exchange funds. Some expenses that are expenses of owning property (such as property taxes and insurance) rather ...

Learn how to structure your deal to maximize your tax benefits and leverage a 1031 exchange to your advantage.

When a partnership owns real estate and plans to sell it, the individual partners often disagree about whether to set up an exchange or cash out, and whether they want to acquire something together or go their separate ways. If all of the partners want ...

So often, a frustrated lawyer will call me to explain that his/her client is closing on the sale of an investment property in a few days (or this afternoon!) and has “suddenly” decided that the sale should be the first leg of a 1031 Exchange transaction. ...