Exchanging Up [Paperback]

Gary Gorman (Author)

Book Description

Publication Date: March 2005

In easy-to-understand language, you'll learn how to: Use the Six Essential concepts that are necessary for every exchange. Build on land that you already own using your exchange proceeds from your sale (so called 'Build-to-Suit' Exchanges. Make improvements to the property that you're buying or exchanging into...(Improvement Exchanges). Do construction on land that you buy in an exchange (Construction Exchange). Buy new property BEFORE you've sold your old property using Reverse Exchanges. Make sure your intermediary parks your money in a separate account to assure it's absolute safety and security in a 1031 exchange. Exchange your old property and buy into a TIC syndication and no longer have the hassles of being a landlord! Turn your investment property into tax-free cash! Or, how to build a financial legacy for your heirs with little or no tax by using Section 1031!

Editorial Reviews

From the Inside Flap

"If you invest in real estate, sooner or later you'll need to do a 1031 exchange. The book of books on this subject is the one you are holding in your hand. Read it, absorb it, and use it to your benefit and betterment." -- Mark Victor Hansen, co-creator of the #1 New York Times Best-Selling Series Chicken Soup For The Soul and co-author of The One Minute Millionaire.

"I highly recommend this book. This simple process essentially equals an interest-free, no-term loan on taxes due until the property is sold for cash! A properly structured exchange provides real estate investors with the opportunity to defer 100% of both federal and state capital gain taxes." -- Ken McElroy, best-selling author of The ABC's of Real Estate Investing

About the Author

Gary Gorman is a nationally sought after author and lecturer on Section 1031 Exchanges-a way for you to sell and buy investment real estate and pay no taxes (tax-deferred)! He is widely acclaimed in the exchange community for his ability to make complicated exchange concepts logical and easy to understand.

Product Details

• Paperback: 258 pages
• Publisher: Success DNA (March 2005)
• Language: English
• ISBN-10: 0974684465
• ISBN-13: 978-0974684468
• Product Dimensions: 8.8 x 6 x 0.7 inches
• Shipping Weight: 12.8 ounces (View shipping rates and policies)
• Average Customer Review: 4.9 out of 5 stars  See all reviews (20 customer reviews)
• Amazon Best Sellers Rank: #100,093 in Books (See Top 100 in Books)
  • #38 in Books > Business & Investing > Real Estate > Buying & Selling Homes
  • #90 in Books > Business & Investing > Real Estate > Investments

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Customer Reviews

Most Helpful Customer Reviews

17 of 17 people found the following review helpful:

5.0 out of 5 stars detailed, authoritative, advice, August 16, 2005

By 

Gerri Detweiler "host, Talk Credit Radio" (Gulf Coast, FL United States) - See all my reviews
(REAL NAME)   

This review is from: Exchanging Up (Paperback)

If you invest in real estate, this is a must-read book on 1031 Exchanges. It is extremely thorough, detailed, and comprehensive. It's very evident the author is not only knowledgeable on the subject, but is also very ethical in his approach to what can be a tricky subject. Investors would be wise to heed his advice about some of the traps with less advisors and companies that facilitate exchanges.

I had a question about selling an investment property and holding back a second note for my seller. Gorman meticulously explained the ins and outs of that type of transaction.

I also had the opportunity to interview the author on my radio show about the book [...] and he was, again, clearly very knowledgeable and helpful.

10 of 10 people found the following review helpful:

5.0 out of 5 stars Easy to understand wealth builder, June 17, 2005

By 

Frank J. Kupiec "CPS Properties" (Naples, FL USA) - See all my reviews
(REAL NAME)   

This review is from: Exchanging Up (Paperback)

As a real estate professional, I was very familiar with like-kind exchanges. But Mr. Gorman has covered every conceivable scenario as it pertains to 1031's and has taken much of the guesswork out of what works and what doesn't. This book is an invaluable resource for me personally as well as my clients and is a great wealth-building tool.

7 of 7 people found the following review helpful:

5.0 out of 5 stars Thumbs up from 1031 Real Estate Consultant, May 2, 2005

By 

mb1031 "mb1031" (Salt Lake City, Utah) - See all my reviews

This review is from: Exchanging Up (Paperback)

Gary Gorman has been an expert in this field for a number of years. He possesses not only vast know-how in 1031 exchanges, but the uncommon ability to take a complex subject and translate it into clear and understandable language. Take a look at the IRS Section 1031 tax code and regulations included in the back of the book for a real appreciation of what he has done!

Whether your focus is building your net worth through ongoing real estate investments, or just to defer taxes on a single upcoming real estate sale, I guarantee you will find solid information and real value here. If you are a CPA or any kind of professional dealing with 1031 exchanges, I expect this will become a trusted reference guide you will turn to again and again. Gary Gorman has now indeed "written the book" on Section 1031 exchanges!

Marilyn Buckner
1031 Property Watch
Salt Lake City, Utah