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Buy land. They've
stopped making it.
~Mark Twain |
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Free Information Pamphlets:
 Contact Summit to receive FREE 4"x9" brochures about the benefits of 1031 exchanges. A clear plexi-glass display holder is available to make an attractive wall or desktop display. Choose from three exchange topic areas: General Real Estate, Vacation Homes or Personal Property.
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It's tangible, it's solid,
it's artistic - from my standpoint - and I just
love real estate.
~Donald Trump |
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Click here
to download
printable PDF files
of current or
past issues. | The Benefits & Pitfalls of TIC Investing
Part 1 - The Benefits
By Brian Stevens, CPA, CES®, Co-Founder
Most real estate investors are aware of the generous provisions of Section 1031, which allow investors to defer taxes on the sale of real estate if they acquire like-kind replacement property. But many investors are not aware that they can replace their property in a tenant in common (TIC) form of ownership, whereby it is purchased by two or more persons that have undivided, fractional interests in the asset. Read more...
By Felip Holbrook, CES®, President Washington Region
We are frequently asked if “flipped” property is eligible for exchange. A “flipped” property is a property that was purchased at a good price and then immediately sold for a higher price or remodeled and sold for a higher price. The answer? It all depends on your intent.... Read more...
By Scott Adams, President Montana Region
Learn how to "talk the talk" of the exchange industry with thorough definitions of new exchange terms in each quarterly issue of the Summit Exchange. This quarter, we define the terms "Net Sales Price" and "Private Letter Rulings". Read more...
By Amanda Franklet: Director of Marketing
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1031 Classes for Title Insurance Professionals Now Available in Texas
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Summit Opens New Office in Montana
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Maryland Vacation Property Owners Learn Exchange Benefits
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Summit Launches New Website Read more...
About the Summit Exchange: New articles are created quarterly and an e-mail notification sent out to our subscriber list of over 3,000 people. Subscribe here if you are interested in being notified of new articles. To be removed from the notification list, you can unsubscribe by un-checking the "receive newsletter" box on the subscribe form.
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