As banks tighten up their lending practices, buyers are finding it harder to obtain financing and sellers are finding it harder to find buyers for the cash out purchase. It becomes a vicious circle.
So, if obtaining a bank mortgage was the only means of purchasing real estate we would all see a price reduction, because of [...]
Entries Tagged as '1031 Exchanges'
Conventional financing is not the only game in town
July 12th, 2008 · No Comments · 1031 Exchanges, Negotiation, Preparation, Strategy
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What is meant by like-kind in a real estate exchange?
June 23rd, 2008 · No Comments · 1031 Exchanges
1031 Exchanges have been around for many many years but the confusion over “like-kind” needs to be cleared up. Below is an artical by Russell J. Gullo, CCIM, CEA.
“We have all heard the term “like kind” in relationship to a real estate exchange, but most of us don’t realize how generous our government has been [...]
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