An IRS 1031 exchange is a provision in the Internal Revenue Code that allows the owner of investment real estate to sell that property and to use the proceeds of the sale to purchase another investment property without paying capital gains taxes. There are specific requirements that must be followed for an investmentGo to Resource
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A renewed oil rush has begun in Colorado. Oil companies are competing to obtain leases from mineral owners in order to exploit a mineral formation known as the “Niobrara” which stretches across large portions of Colorado. The rush began with the drilling of the spectacular “Jake” well in Weld County in 2009 andGo to Resource
Any business owner who has passed a certain number of milestones in their career will eventually come to the realization that they should consider planning for the future of their business. For example, what will happen to the business when you retire? Will the business continue after your death? Do your heirs haveGo to Resource
Last week the FHA Commissioner announced that FHA’s new mortgage insurance premium structure will become effective with new loans starting October 4, 2010. The new structure will result in a lower upfront premium but an increase in the annual premium. The question is what impact will this have on our ever-so-fragile real estateGo to Resource
Does your condo association have limited common element balconies? Are owners required to maintain them? Does the association and/or the owners understand the waterproofing system and how to maintain the balcony decks so that leaks don’t damage the common area and other units? If you answered “yes” to the first two questions andGo to Resource