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Challenges of 1031 exchanges you should know about

Posted by on Jun 21, 2017 in General News | 0 comments

Challenges of 1031 exchanges you should know about

You are looking to do a 1031 exchange into a Delaware Statutory Trust property. Know what? You are not the only one. More and more real estate investors opt for DST 1031 exchanges to preserve their capital. Eliminating the headaches of property management, defer paying capital gains taxes, and enhanced cash flow, are only some examples of benefits you enjoy by exchanging into a Delaware Statutory Trust.

However, you should know that using a DST services to complete is not as easy as it may seem. The procedures themselves are easy, but this does not mean that there are not challenges along the way. In this article, we will discuss about the most common issues and how you can overcome them, of course.

 

Challenge #1 Imposed timeframes

The Internal Revue Code rules leave no room for interpretation. You have to respect two very important timeframes when finalizing a like-kind exchange. If you do not respect the deadlines imposed by the IRC, then the 1031 exchange becomes null. Beginning with the closing of the relinquished property, you have 45 days to designate a replacement property (you can identify as many as 3) and 180 days to buy it.

What investors find most difficult to respect is the 45 deadline. Yes, finding a suitable asset is hard, but it is not impossible. If you do not have the time to search for a replacement property, have a private firm help you. What you have to remember is the fact that you have to act fast ad you need all the help you can get.

Challenge #2 The real estate property must be held for investment

Excluding a personal residence for another one is out of the question. The DST 1031 exchange is not for personal use, which means that you can only swap properties for investment purposes. The exchange property should be a property held for business use. what the IRS qualifies as personal use when it comes to real estate are houses, apartments, condominiums, and improvements relating to living accommodation.

What you can do is use your vacation home. Second homes used for rental purposes are regarded as investment properties, so they do qualify for the tax-deferred exchange. If you can meet the guidelines of the IRS, you can make the swap. So, what do you have to do? It is necessary to have owned the asset for at least 24 months prior to the exchange and have rented it for at least 14 days.

Challenge #3 Choosing a Qualified Intermediary

It is essential that you have a Qualified Intermediary. Sure, you can do things yourself, but this does not mean that you should. Go and find a Qualified Intermediary to help you with the proceedings. There are many things to take into consideration when choosing a middleperson. What you need to look or in a Qualified Intermediary is real estate experience. If the person does not have expertize, they will not be to handle the difficult exchanges. Another thing to look for is funds security. To be more precise, you need to be sure that your funds are safe.

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Toyota RAV4 – a car for both young and old drivers

Posted by on Apr 10, 2017 in General News | Comments Off on Toyota RAV4 – a car for both young and old drivers

Toyota RAV4 – a car for both young and old drivers

 

When it comes to classifying cars, people have the tendency to state that some models are designed for old people and others for young ones. But would it not be great to buy a car that is great for both your parents and you? In this way, you will not feel ashamed when you will want to go out with your friends, and take you parents’ minivan. You will be driving a car that will impress not only by its look, but also with its features. If you have no idea, what car we are talking about, you should know that Edmunds claims that Toyota RAV4 is the perfect car no matter the generation you are part of. Toyota RAV4 is the new hybrid, the company launched on the market, and from the tests, it seems that it will have a lot of success, no matter the age of the drivers.

How it acts when confronted with bad weather?

Every driver is worried to hit the road when the weather is bad. However, if you buy this AWD vehicle, then you will receive a boost of confidences, because you will know that you will enjoy the ride, no matter what the weather report states. You will be able to be ahead of the weather and get to your destination in safety conditions. RAV4 acts amazing even on snow, so you can drive to the mountainside in the cold season, without having to worry that you will get stuck. If safety is what you are looking for, then this car is excellent for you.

What it brings new?

This new Toyota has a completely changed look, when compared with the other models from the same manufacturer. It is a small SUV, but it features a bold look, and this offers it a better position on the market. It is a great competitor for the Honda CR-V and Mazda CX-5. The current models has a 2.5-liter 4-cylinder motor, and it comes with 176 horsepower. It is not a racecar, but it has 0 to 60 time of 9 seconds. And where you count that the manufacturer added it a six-speed transmission. This type of vehicle is fun to drive by people of all ages, because it is easily to maneuver in any situation, and you will feel comfortable and safe. If you opt for the limited edition, then it will come with leather seats. The choice is up to you.

 

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The complete floristry kit every beginner should have

Posted by on Mar 2, 2017 in General News | Comments Off on The complete floristry kit every beginner should have

The complete floristry kit every beginner should have

If you are interested in starting a business as a florist, you should know there are several essential tools that should not miss from your beginner kit. Working with top quality tools is mandatory if you want to deliver your customers with beautifully embellished flowers and bouquets. One of the things that should be included on your list is ribbons, so if you are interested in floristry ribbons UK companies, all you have to do is some quick online research. Here is a complete list of floristry tools you need for your start-up business.

 

Florist knives

These are essential tools for a florist, as they help him or her to remove part of the flower’s stem when the head or bud is all the florist needs for that specific work. These bud knives are hand-sized and extremely easy to handle, not to mention that they cause little damage to the flower.

Dethorners

Every woman loves roses, this is for sure, yet those protruding thorns can ruin everything sometimes. This is why a florist should have a dethorner or rose stripper included in their tools kit. Whether you opt for one made out of plastic or metal, it comes in handy in every situation.

Ribbons

In order to create those astonishing flower bouquets, you need some decorating items and many florists are on the opinion that nothing can beat ribbons when it comes to this aspect. Taking into account the wide variety of ribbons available on the market, you do not have to worry about not finding the ones to perfectly fit with your needs and budget. Do some online research and look for the best ribbon company in the UK to benefit from top quality products and professional and fast delivery services. Make sure you have ribbons of different colours and materials in your stock.

Scissors

In the floral world, a professional florist has two types of scissors that ease their job a lot: ribbon scissors and craft scissors. Craft scissors are known for their short blade and large grip, which provide controlled and precise cuts, whereas ribbon scissors have some odd-sized handles and larger blades.

Trimmers and secateurs

These tools are known by specialists as assorted shears and they are extremely helpful in cutting through flower stems as well as unwanted foliage. Compared to traditional scissors, these tools come with straight handles which allow you to perfectly cut several stems at a time.

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