Monthly Archives: August 2019

Like Kind Exchange — Examples of “Boot”

By |2019-09-10T23:04:51-06:00August 25th, 2019|1031 Exchanges|

It’s not uncommon to throw around terms like “cash boot” or “mortgage boot” in a 1031 like-kind exchange. But what exactly is “boot”? You won’t find that word in the Internal Revenue Code (IRC). It does not appear in the Treasury Regulations. Here, “boot” means value “given in addition to.” The term is common

Fed Interest Rate Cut: 7 Takeaways

By |2019-09-10T23:06:54-06:00August 5th, 2019|Current News|

Moody's Chief Economist: Fed Interest Rate Cut to Boost Real Estate (with Caveat)   The Federal Open Market Committee (FOMC) decided to lower the fed funds interest rate, decreasing by 25 basis points to 2.00%. The committee voted 8-2 in favor of the cut.   Main Takeaways from the Fed Interest Rate Cut: FIRST CUT