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Honolulu Real Estate, LLC
"The Dynamic
Duo!" "Certified
Residential Specialists"
Myron Freeman,
CEO, Principal Broker, R, GRI, CRS
Ceci Chang Freeman,
President, Broker, R, GRI, CRS
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Honolulu Real Estate, LLC
1750 Kalakaua Ave, Suite 1205
Honolulu, HI 96826
Tel: (808) 955-2088
Fax:(808) 955-2317

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Hotline: 808-741-8688
See:
http://HawaiiHomeSellers.com http://HonoluluRealEstate1.com



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INVESTORS:
Investments are built on faith;
. . . . . faith is built on proof!
=====================================
Because we think you should know:
THE IRS "1031 EXCHANGE"!
AN INVESTOR'S DREAM COME TRUE!
Don't Believe What You've Heard!
Despite what you may believe to be true, other
than the home you live in, you can exchange ANY kind of Investment Real Estate in the
United States for ANY other kind of Investment Real Estate, anywhere in the United States!
It's "Dirt for Dirt!"
You can exchange one for several, several for
one, less value for more value, more value for less value, and on, and on . . . but
exchanges must be used the right way, with the knowledge and help from those with the
expertise. This is the way Real Estate Fortunes are built, for yourself or for your
family's generations to come.
You Need the People With the
Know-How!
Here's where the experts come in! Call on us, at
Honolulu Real Estate. We have the experts to guide you through the government-created
exchange-maze, using intelligent private-sector know-how. No one has access to a better
network of 1031 Exchange Expert-Facilitators, in the United States!
Invest in Paradise, or Just Retire
Here?
Believe it or not, you could do both, after
building a portfolio of investment properties, take the depreciation, defer the capitol
gains every time you exchange to more valuable property(s), and at the end, you could
exchange it all for the property that would become the retirement home of your dreams,
while keeping the depreciation you took all those years, and never having to repay the
capitol gains taxes you deferred! What? Is this legal? YES! You just need the right
"non-planning", management, and guidance, to make all your real estate
investments pay off!
Now, The 1031 Exchange Requirements:
If you're not interested in investing in real estate, this
information is probably not for you.
If you think you might be interested, read on.
The two questions to ask yourself when determining
whether your sale of real estate could be a 1031 exchange:
1. What did you do with the property you are selling?
Did you rent it out,
run your business out of it, lease it, is it
raw land? As long as
you didn't live in it, it's a viable 1031
property.
2. What are you going to do with the money resulting from the sale?
If you want to reinvest in real estate, chances are that
your
replacement property will qualify for a
1031
exchange.
- The six things that you need to know about a 1031
exchange:
- "Like-Kind" property.
The old property and the new property must be either bare land or rental property. If
your properties pass this simple test, you can exchange any type of real estate for any
other type of real estate.
- The 45-day Identification Rule.
From the date of closing on the old property, you have 45 days to determine a list of
properties you want to buy.
3. The 180-day Rule.
Also,
from the date of closing, you have 180 days to
close the purchase of one or more or the properties
listed on your 45-day list that equal or exceed the
amount of the sale of your sold property.
4. Qualified Intermediary.
You cannot touch the money! By law, the
money is held by a Qualified Intermediary (also referred to as an Accommodator). You
cannot leave the proceeds in escrow until the second property in acquired, nor can you
have a friend, employee, broker, nor even your CPA or attorney hold the money for you.
5. Title Requirements.
Whoever is on the title of the old property has to remain on the title of the new
property.
6. "Equal or Up"
Investment.
To not have any taxable gain, you must reinvest all your cash proceeds and buy a
property of equal or greater value.
That's it!
There are lots of other types of 1031
exchanges, too, so if you have a question about your particular situation, call Myron or
Ceci Chang Freeman, the Brokers, at Honolulu Real Estate, LLC. 808-955-2088 or email us at
myronceci@honreal.com .
We'll keep it simple, and always profitable, for you!
Be sure to visit
our newest web site at:
www.HawaiiHomeSellers.com
Its
LOADED with great information!
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