1031 Exchange Series: Part 4 – Rules, Restrictions, and Pitfalls of 1031 Exchanges
Part 4: Rules, Restrictions, and Pitfalls of 1031 Exchanges Key Rules and Restrictions Like-Kind Property: The replacement property must be similar in nature to the relinquished property. For real estate, virtually all types of investment properties qualify as like-kind. 45-Day Identification Period: You must identify address specific potential replacement properties within 45 days of selling […]
SVN ECONOMIC UPDATE – JULY 12, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. CPI INFLATION The Consumer Price Index fell by 0.1% month over month in June, its first monthly downtick in over four years, according to the latest data […]
1031 Exchange Series: Part 3 – Reverse and Construction 1031 Exchanges
Part 3: Reverse and Construction 1031 Exchanges Reverse 1031 Exchanges In a reverse exchange, you purchase the replacement property before selling your existing property. This type of exchange is more complex and requires careful planning and execution. Process of a Reverse Exchange Acquire Replacement Property: The new property is acquired first. This is done through […]
1031 Exchanges: Process and Benefits of Delayed 1031
Part 2: Delayed 1031 Exchanges: Process and Benefits What is a Delayed Exchange? A delayed exchange is the most common type of 1031 exchange. It involves selling your current property first, then purchasing a new like-kind property within specific time frames. This method offers flexibility and is accessible to most investors. Step-by-Step Process Sale of […]
1031 Exchange Series: Introduction to 1031 Exchanges
What is a 1031 Exchange? A 1031 exchange, named after Section 1031 of the Internal Revenue Code (IRC), allows real estate investors to defer paying capital gains taxes when they sell an investment property and reinvest the proceeds into a similar (“like-kind”) property. This powerful tax-deferral strategy can help investors build wealth by keeping more […]
SVN ECONOMIC UPDATE – JUNE 28, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. BANK STRESS TESTS According to the Federal Reserve, all 31 “systemically important financial institutions” (SIFIs) passed their annual stress tests. These tests evaluate the ability of large […]
SVN ECONOMIC UPDATE – JUNE 14, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. INTEREST RATES The FOMC voted to leave rates unchanged at its June policy meeting, which aligned with market expectations. On Wednesday, markets braced for the convergence of […]
SVN Latus Winner in CPBJ Reader Rankings 2024
Thank you to the Central Penn Business Journal readership, who voted for us in the recent Reader Rankings! We are honored to be among the winners for 2024! Congrats to all of our fellow winners! See the full list here: https://www.cpbj.com/reader-rankings/2024-reader-rankings/#// SVN Latus is been a commercial real estate firm in Camp Hill, PA serving the […]
SVN ECONOMIC UPDATE – MAY 31, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. CRE LOAN MODIFICATIONS RISE AMID HIGH-RATE ENVIRONMENT According to a new report by Trepp, CMBS loan modifications rose dramatically in 2023 as a significant swell of loans […]
SVN ECONOMIC UPDATE – MAY 17, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. LARGE FUNDS INCREASE CRE FOOTPRINT A recent analysis by Reuters details how large funds are increasing their CRE market share as traditional lenders such as banks pull […]
