Seanross

About Sean Ross

Director 1031x.com, Inc.

Important Partnership Strategies in a 1031 Exchange

By |2019-06-26T07:09:17-06:00June 19th, 2019|1031 Basics, Real Estate, Tax Tips|

 - What to do when some partners want to do a 1031 exchange, but others don't -   A frequent call to our company goes like this: “Five of us own an LLC. The LLC, in turn, owns a piece of real estate held for investment. It has a substantial gain in the property and

4 Better Strategies for Owner Carry Financing

By |2019-06-26T07:10:11-06:00June 10th, 2019|Investment Strategies|

Owner Carry Financing in a 1031 Exchange - Installment Sales under IRC Section 453 - Investors often ask us if owner carried financing (installment sales under IRC section 453) and a 1031 exchange (IRC section 1031) work together in the same transaction. While possible, it can be tricky adding owner carry financing to a tax-deferred

How to Replace Debt in a 1031 Exchange

By |2019-06-28T06:03:31-06:00May 1st, 2019|1031 Basics|

1031 Debt Replacement- You Don't Always Need New Debt   It’s common to read that 1031 exchangers need to “replace their debt” from their relinquished property by taking out new debt on their replacement property. This is sometimes referred to as the “equal or greater debt” rule. However, this isn’t necessarily true. The IRS doesn’t

Single Member LLCs as Tenants in Common

By |2019-06-20T13:31:58-06:00January 15th, 2019|Investment Strategies, Real Estate, Tax Tips|

- Why Tenants in Common (TIC) structure is advantageous for 1031 exchange investors -     The limited liability company (LLC) is a relatively young creature created by State statutes. By contrast, the concept of owning an asset as "tenants in common" (TIC) is centuries-old, much of it dating back to English law. In a