How to Do a Delayed Exchange back cover
Delayed exchanges are not the big deal the delayed exchange industry makes them out to be
Exchanges save real estate investors enormous sums. In fact, they save so much that people wonder if they're too good to be true. That, in turn, makes investors paranoid. A delayed exchange industry has sprung up to profit from that paranoia.
There is little to be afraid of. Delayed exchanges are explicitly approved by the Internal Revenue Code, by IRS regulations, and by numerous court decisions. The legal requirements for doing a valid delayed exchange are simple and easily complied with.
This report tells you the rules in the extremely readable style which John Reed brings to all his books and articles. Furthermore, it cites chapter and verse of how to draw up exchange agreements and escrow agreements which comply with the law and regulations. You'll be able to see how an attorney turns the raw wording of the Internal Revenue Code, court decisions, and IRS regulations into an exchange agreement which complies with the rules. You'll be able to check your attorney's work to see if it passes muster.
Directory of delayed exchange facilitators, attorneys, and accountants
This report also contains a comparative shopper's guide to many delayed exchange facilitators and a list of attorneys and accountants reported to have exchange expertise.
8 1/2 x 11, 58 pages
- The exchange agreement
- Choosing an attorney
- Choosing an intermediary
- Escrow instructions
- Identification of the property(ies) to be acquired
- Closing the exchange
- Protecting yourself from embezzlement
- How much to pay