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What are your Real Estate and Financial Objectives?
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| Whether you deal in multi-million dollar real estate transactions or are investing money in residential rental properties for the first time, we can provide any or all of the following:
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Develop a Plan of Action
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Provide Real Estate Financial Analysis
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Locate Property (can also help you sell your current property)
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Buyer or Seller Representation
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Can act as your Consultant on Financing
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Land Development Consulting and Services
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Real Estate Consultation Services
We will help you make your investment in real estate a lucrative decision and will work with your attorneys and tax professionals as part of a team working for you.
Please call Thomas Kennedy, V.P. Real Estate Acquisitions and Sales for further information at 1-800-952-7233.
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Commercial Property and Land Development
The expertise and knowledge that one must have to give guidance to those seeking to invest in real estate should be enormous. In most cases however it is not. What does this mean? Unless hired directly by you, you will get people that work to benefit their own profit margins, not yours.
We will personally consult with you about your goals for property investment. So whether it is office buildings, hotels, land search for development, strip malls, apartments, land development consulting and services or other commercial property transactions, Charles H. Harris and Associates can help you reach your goals.
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| Office Building, Stockton, CA |
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Investment Property
This is non-owner occupied property. It can include single family homes, multifamily housing, or commercial condos up to four units. As with commercial property, you are working to get a return on your investment involving both rental income and capital appreciation. You must know the economic conditions that affect the job market and must have expertise in how this affects the rental market. We will work with you and experts in the field, and in the region, to help find the best property available for your real estate investment.
We will search and locate the properties that meet your specifications or sell your current property. We will be with you every step of the way and work for your best interests. We can also offer guidance to those that are new to investment property.
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| Relinquished Property |
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| 1031 Exchange -
Defer Capital Gains -
Use More of Your Equity to Create Wealth -
Reposition Assets and Reduce Return Volatility by Increasing the Number of Properties you Own -
Increased Leverage -
Increased Depreciation Deduction -
Improve Cash Flow -
Defer Phantom Gain on Problem Properties -
Allow for Relocation
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| Replacement Property |
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| As an investor in either commercial or residential investment real estate, the ability to grow your equity and return on investment is limited by capital gains taxes when it comes time for you to liquidate your holdings. But what if you could safely liquidate your investment and reinvest the proceeds into a new property or properties without the tax consequences.
What a 1031 Exchange does is create wealth.
By deferring capital gains taxes on your relinquished property, you will have that much more to invest in your replacement property.
You can also diversify your replacement property by investing in other areas where there is a lower cost of living. Let us say that your property is in Los Angeles or San Francisco and the property was one apartment building, you could buy multiple properties in San Joaquin County or another area increasing your income, asset base and wealth while diversifying your financial risk.
Some things we can do for you on a 1031 exchange:
- We can handle both the sale of the relinquished property and the purchase of the replacement property.
- We can assist in financing for your replacement property and if the buyer of your relinquished property needs financing.
- We will help you locate replacement property meeting your financial objectives and the requirements of the 1031 Exchange.
- We can help you and/or your employees find homes if you plan to relocate operations.
- We will provide access to a Qualified Intermediary to handle the Exchange or you may choose your own.
- We will work with the Exchange conduit to insure the requirements of the 1031 Exchange are met and work with your accountant and/or attorney to protect your interests.
- We can provide other services specially tailored to your specific needs.
The Exchange process is very specific and strict. There can be complications for instance if you were to refinance with cash out before or after an exchange. Under certain circumstances this can create a taxable event. You also have to work within a set time period to acquire the replacement property. You also have a set time frame from the sale of the relinquished property to identify in writing, the identification of possible replacement properties, unless of course you can acquire all replacement properties within that identification period. There are numerous steps in the process, not mentioned, that must be undertaken to make a successful exchange, and this is why we work with professional 1031 Exchange companies.
AS THIS IS HIGHLY COMPLEX AND THE ABOVE IS SUBJECT TO CHANGE, WE DO NOT ACT AS A QUALIFIED INTERMEDIARY, BUT AS A CONDUIT TO HELP IN THE REAL ESTATE TRANSACTION ITSELF. PLEASE ENTER INTO A 1031 EXCHANGE WITH ADVICE ONLY FROM YOUR LEGAL AND/OR TAX PROFESSIONALS FOR THE LATEST IRS RULES AND HOW IT CAN BE BEST STRUCTURED FOR YOUR SPECIFIC NEEDS. WE CAN HELP YOU FIND A QUALIFIED INTERMEDIARY IF YOU WISH.
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Commercial and Investment Property Financing
We can also handle the financing for your commercial or investment property transactions. We have sources of funds through various lenders and investors that can handle most credit or property situations.
It is always wise, that should you wish to use our financing services, that a pre-qualification (or a pre-approval if possible) take place so that before searching for property it is known what financial problems, if any, could occur from a credit situation or unconventional properties. Doing this will assure that if property is found that meets your investment objectives, that the financing will not cause any delays or cause a deal to fall through from inadequate financial resources.
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