S.E.C. Real Estate Observer

The S.E.C. Education Foundation is pleased to announce that “Beyond 1031 – Market Driven Exchanging” will be presented by Chet Allen in Louisville, Kentucky, on May 17th. Chet is an Exchangor, Developer, Contractor, and Instructor.

Larry Browning has gone through his life using the philosophy that his father, whom he describes as a man of honesty, imbedded the following into him when he was a child: “Your word is your bond, always tell the truth.” This statement is reflective in all aspects of Larry’s life.

Many Realtors use cash to buy or control real estate for their own account. This program is OK if you have plenty of the green stuff around. However, once you use cash, it’s gone for a period of time, or what Jim Misko of Eugene, Oregon, calls “final spending.” The money is gone and gone probably when you need it.

An interesting technique to start a multiple exchange is often over-looked, and many transactions that “could have been” never got off the ground. I can best explain the technique by referring to a personal experience, a “double in lieu of” and happy conclusion. The important thing is to know the technique and put it to work.

Thank you for the warm welcome that Kim Englert and I received at the recent S.E.C. marketing meeting in Tulsa, OK. Kim and I look forward to working with each of you on your next 1031 exchange transaction, and to serving as your technical support team and sounding board for 1031 exchange related matters.