That advice comes from "inactive" ActiveRainer James Brennan, a 1031 Exchange facilitator I met through LinkedIn. As an ActiveRain pioneer who joined in 2006, James wrote a lot of good information about 1031 Exchanges during the next year, but he hasn't posted anything since September 2007. He would probably be very surprised to see our custom blog designs, outside blogs, and many other improvements.
Recently, I sent him a link to the information on my website about 1031 Exchanges and asked if it was up-to-date or needed revising to reflect today's laws on Exchanges. In his reply, he said that the information needed "more sizzle" and volunteered to provide some.
Of course, I jumped on that opportunity and invited him to be a Guest Blogger for "Focus on Crofton."
How can you use a 1031 exchange in this down real estate market?
What is a Section 1031 Exchange?
What is a Qualified Intermediary and Why Do You Need One?
What taxes do you defer with Section 1031?
Why do you suggest investors should keep exchanging?
If the idea of a 1031 Exchange scares you, take a few minutes to read James post, 1031 Exchange Basics - FAQ, here on ActiveRain. Then, for a little "more sizzle" check out the information he sent me, posted today on Focus On Crofton, and find out why he says "Most investors swap 'til they drop!"
The next time someone asks why you "waste so much time on social media" you can tell them it's a great way to meet experts like James Brennan. Thanks to our connection on LinkedIn, a lot of consumers and other real estate professionals have an opportunity today to learn more about 1031 Exchanges.