Do you know of a 1031 exchange intermediary in Austin, Texas? Someone who is
bonded, and gets back to you ASAP.
I haven't heard a peep out of my current accomodator, and it is 1 week to
closing.
If I do not get a new accomodator, I am either going to lose a lot in
capital gains taxes, or have to cancel the sale.
Thanks,
Gerard Gold
I seem to have landed with an incompetent local branch of a 1031
franchise/chain.
I need to get out pronto.
Let me know your Austin, or even Texas, 1031 recommmendations.
"GERARD GOLD" <> wrote in message
news:nMe6f.5367$q%
> Do you know of a 1031 exchange intermediary in Austin, Texas? Someone who
is
> bonded, and gets back to you ASAP.
>
> I haven't heard a peep out of my current accomodator, and it is 1 week to
> closing.
>
> If I do not get a new accomodator, I am either going to lose a lot in
> capital gains taxes, or have to cancel the sale.
>
> Thanks,
>
> Gerard Gold
>
>
In our last episode,
<WTn6f.18027$>,
the lovely and talented GERARD GOLD
broadcast on austin.general:
> I seem to have landed with an incompetent local branch of a 1031
> franchise/chain.
What the hell is that?
--
Lars Eighner
I don't see posts from or threads started from googlegroups.
"I believe in God and I believe in free markets,"
-Kenneth Lay, CEO for the now defunct Enron, whose loss of some 50
billion dollars represents the largest corporate bankruptcy in the
history of the US.
I don't know. I'm still finding out.
"Lars Eighner" <> wrote in message
news:
> In our last episode,
> <WTn6f.18027$>,
> the lovely and talented GERARD GOLD
> broadcast on austin.general:
>
> > I seem to have landed with an incompetent local branch of a 1031
> > franchise/chain.
>
> What the hell is that?
>
> --
> Lars Eighner
> I don't see posts from or threads started from googlegroups.
> "I believe in God and I believe in free markets,"
> -Kenneth Lay, CEO for the now defunct Enron, whose loss of some 50
> billion dollars represents the largest corporate bankruptcy in the
> history of the US.
In our last episode,
<T4o6f.18029$>,
the lovely and talented GERARD GOLD
broadcast on austin.general:
> "Lars Eighner" <> wrote in message
> news:
>> In our last episode,
>> <WTn6f.18027$>,
>> the lovely and talented GERARD GOLD
>> broadcast on austin.general:
>>
>> > I seem to have landed with an incompetent local branch of a 1031
>> > franchise/chain.
>>
>> What the hell is that?
> I don't know. I'm still finding out.
Okay, you made me curious enough to google. Evidently this is a
scam like a pigeon drop (aka Nigerian) scam. You convince the
mark that there is money to be made by exploiting a loophole in
federal tax law. The provision is supposed to make it possible
for people to trade legitimate businesses even-steven without
having to pay a bunch of taxes to do so. However, the mark is
convinced that this provision can be used to make money without
the necessity of actually having a viable business. Like all
pigeon drop (aka Nigerian) scams, it preys upon the mark's
desire to make a bunch of money without actually working for it.
All the mark has to do is put up some money to set the scheme in
motion. The result of that is easily predictable.
--
Lars Eighner
I don't see posts from or threads started from googlegroups.
Have an adequate day.
In article <>,
Lars Eighner <> wrote:
>In our last episode,
><WTn6f.18027$>,
>the lovely and talented GERARD GOLD
>broadcast on austin.general:
>
>> I seem to have landed with an incompetent local branch of a 1031
>> franchise/chain.
>
>What the hell is that?
>
Thanks for looking it up Lars. I was beginning to think it was the
updated version of the Texas Sweet 1016 onion.
S. S>
1031 refers to an IRS code section.
Can some one who has actually done this, preferably in Austin, post.
Other folks, go back to googling.
"Lars Eighner" <> wrote in message
news:
> In our last episode,
> <T4o6f.18029$>,
> the lovely and talented GERARD GOLD
> broadcast on austin.general:
>
>
> > "Lars Eighner" <> wrote in message
> > news:
> >> In our last episode,
> >> <WTn6f.18027$>,
> >> the lovely and talented GERARD GOLD
> >> broadcast on austin.general:
> >>
> >> > I seem to have landed with an incompetent local branch of a 1031
> >> > franchise/chain.
> >>
> >> What the hell is that?
>
> > I don't know. I'm still finding out.
>
>
> Okay, you made me curious enough to google. Evidently this is a
> scam like a pigeon drop (aka Nigerian) scam. You convince the
> mark that there is money to be made by exploiting a loophole in
> federal tax law. The provision is supposed to make it possible
> for people to trade legitimate businesses even-steven without
> having to pay a bunch of taxes to do so. However, the mark is
> convinced that this provision can be used to make money without
> the necessity of actually having a viable business. Like all
> pigeon drop (aka Nigerian) scams, it preys upon the mark's
> desire to make a bunch of money without actually working for it.
> All the mark has to do is put up some money to set the scheme in
> motion. The result of that is easily predictable.
>
> --
> Lars Eighner
> I don't see posts from or threads started from googlegroups.
> Have an adequate day.
GERARD GOLD wrote:
> 1031 refers to an IRS code section.
>
> Can some one who has actually done this, preferably in Austin, post.
Seeking legal advice via Usenet isn't generally the best of ideas.
>
> Other folks, go back to googling.
>
>
> "Lars Eighner" <> wrote in message
> news:
>
>>In our last episode,
>><T4o6f.18029$>,
>>the lovely and talented GERARD GOLD
>>broadcast on austin.general:
>>
>>
>>
>>>"Lars Eighner" <> wrote in message
>>>news:
>>>
>>>>In our last episode,
>>>><WTn6f.18027$>,
>>>>the lovely and talented GERARD GOLD
>>>>broadcast on austin.general:
>>>>
>>>>
>>>>>I seem to have landed with an incompetent local branch of a 1031
>>>>>franchise/chain.
>>>>
>>>>What the hell is that?
>>
>>>I don't know. I'm still finding out.
>>
>>
>>Okay, you made me curious enough to google. Evidently this is a
>>scam like a pigeon drop (aka Nigerian) scam. You convince the
>>mark that there is money to be made by exploiting a loophole in
>>federal tax law. The provision is supposed to make it possible
>>for people to trade legitimate businesses even-steven without
>>having to pay a bunch of taxes to do so. However, the mark is
>>convinced that this provision can be used to make money without
>>the necessity of actually having a viable business. Like all
>>pigeon drop (aka Nigerian) scams, it preys upon the mark's
>>desire to make a bunch of money without actually working for it.
>>All the mark has to do is put up some money to set the scheme in
>>motion. The result of that is easily predictable.
>>
>>--
>>Lars Eighner
>
>
>
>> I don't see posts from or threads started from googlegroups.
>> Have an adequate day.
>
>
>
--
The e-mail address in our reply-to line is reversed in an attempt to
minimize spam. Our true address is of the form
Post removed (X-No-Archive: yes)