CRE Insider Blog
Welcome to the Commercial Real Estate Insider, insights from First American's real estate experts.

1031 Exchanges And Mineral Rights

By First American NCS on March 14, 2018

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.  Because this is a complicated field, we recommend you talk to your tax adviser, but this...

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Topics: 1031 Exchange

Attorneys As Closing Agents In A 1031 Exchange

By Mary Kay Kennedy on August 2, 2017

 

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 occurs, disburses it to the seller. If you are doing a 1031 exchange and your attorney acts as...

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Topics: 1031 Exchange

Avoiding Boot At The Closing Of A 1031 Exchange

By Mary Kay Kennedy on August 11, 2016

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 than expenses related to the sale or purchase are considered “non-exchange expenses.”  If...

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Topics: 1031 Exchange

Ncs Lecture Series: Strategies For 1031 Success Webinar - Replay

By Mary Kay Kennedy on February 24, 2016

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

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Topics: Commercial 1031 1031 Exchange Lecture Series

Options For Partners In A 1031 Exchange

By Mary Kay Kennedy on February 12, 2016

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 to exchange and invest in replacement property together, the solution is fairly simple since...

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Topics: 1031 Exchange

A 1031 Exchange Transaction Should Not Be An Afterthought

By Spencer Compton on September 22, 2015

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. Is it too late? Can we paper the closing in time? (Usually, we can). The unspoken text:...

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Topics: 1031 Exchange