May
07

Real Estate Law And 1031 Exchanges

By Rob Powell

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Greetings everyone!

In attempt to be transparent, I will admit that I was not a good student in all my years of formal education….average at best. Understanding this early in my entrepreneurial career, I sought out gifted professionals for my business endeavors. This includes CPAs, attorneys, brokers, lenders, mentors, and so on.

2230541568 55255d1ed6 Real Estate Law and 1031 Exchanges

I try to surround myself with people who know what they are doing. I am a better-than-average student when I am told what to do….by those who know what they are doing.

I have said many times, it is HUGE mistake to “go cheap” on professional advice. Pre-paid legal is a great example of “going cheap.” Experienced, reputable, and responsive professionals are worth their weight in gold. “You get what you pay for” when it comes to professional advice.

One of those professionals on my team is my attorney and friend, Michael Powlen of Global Law, LLP. Michael have been my attorney on several of my real estate deals and is a wealth of knowledge. Michael is the most responsive attorney I have ever meet. I do not remember a time where Michael took more than a day to get back to me. Usually, I have to call attorney back if I do not hear from them in 48 hours.

Recently, Michael told me about his Law Blog. Michael posted a very informative article on Vacation Home Exchanges. Michael writes about new tax code that impacts like-kind exchanges. A good read.

Also…There is a link on Michael’s blog that allows you to do your own legal research….FOR FREE!

Vist Michael’s blog and tell him I sent ya!

More Real Estate Exchange Links:

Other Real Estate News:

  • Mall REITS Stall on Slow Down of Consumer Spending
  • Lightstone in Trouble?
  • Lenders Remain Stingy
  • Why did the Mortgage Crisis Happen (Businomics Blog)
  • Until next time……rob

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    2 Comments

    1

    Great blog, Rob! It would be fun to read more anecdotes here about your experiences and specific “lessons learned” from investing in real estate.

    2

    Very nice information. Thanks for this. Is you blog have custom design? it looks good by the way.

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