Real Estate Broker

Plaza Real Estate - Wichita Real Estate Agency -- QUICK LINKS Agent Login Virtual Tours Area Info Transaction Mgmt Careers Home -- Language Services Español Dutch Hindi, Pungab, Siraiki, Urdu Hindi, Gujarati Home Owner Services Overview Schools Relocation Area Info Utilities & Services Resources Learn The Lingo Buying A Home The Mortgage Process Financial Services Overview Mortgage Services Title Services Closing Services Calculator Interest Rates Resources About Us Mission Statement Company Profile Our Team Our Locations Corporate/East Office West Office South/Derby Office Commercial Office Plaza New Homes Plaza/Astle Realty Hutchinson Contact Us News/Events What's New Press Releases Sign up for eNews -- MLS#: Go! Street Name: Go! Welcome to the premiere Wichita Real Estate Agency, Plaza Real Estate, Inc. Welcome to the home of Plaza Real Estate, Inc., the premiere Wichita Real Estate Agency. Whether you are buying or selling residential or commercial real estate, Plaza Real Estate, Inc. is here to serve all of your Wichita Real Estate needs. Plaza Real Estate, Inc. is one of the first Wichita Real Estate Agencies to feature in-house title and mortgage services for a complete real estate experience. Our website furthers this one-stop shop service and is full of features to assist you. If you are considering buying a home, browse Wichita Real Estate listings using our home search feature or search for a Wichita Real Estate agent who will work hard to help you find what you are looking for. You can even research financing at our financial services page or take virtual tours of homes throughout Wichita and surrounding areas. If you are considering -- selling your home, Plaza Real Estate, Inc. has over 130 sales associates , any of whom will help ensure the sale of your home for the best possible price, and in the most efficient way. Or, you may be curious how much your home is worth. We'll provide you with a free home value estimate customized to the Real Estate Market in Wichita . Plaza Real Estate, Inc. | Corporate HQ (316) 686-7121 | + site design md

Property Search Enter a

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Home For Sale

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Investment Property Ordinarily, when

How to Do a Tax-Deferred Exchange on Investment Property - eHow.com Clear Instructions on How To Do (just about) Everything Web eHow.com Home Finance & Business Center Taxes How to Do a Tax-Deferred Exchange on Investment Property Ordinarily, when you sell property for a profit and receive cash, the taxman is there to take his cut. A 1031 tax-deferred exchange on investment property allows you to roll over the gain from the sale of one investment property into another investment property without being taxed. (Note that this opportunity is available only on investment and income property - not on a personal residence.) Steps: 1. First, understand three basic rules: 1) The purchase price of the replacement property must be equal to or greater than the net sale price of the property you're relinquishing; 2)All cash or other proceeds received from the sale of the relinquished property must be used to acquire the replacement property; and 3) The properties must be of "like-kind," which means they must be the same type of property - must be, for example, property held for productive use in a trade or business or property held for investment. 2. Select an exchange facilitator to handle paperwork and to receive the funds from the proceeds of the sale. 3. Sell your investment property to a buyer; you must inform the buyer that you are doing a tax-deferred exchange. 4. Identify a replacement property within 45 days of the close of escrow or the date you transfer title of the investment property you relinquished. The address of the new property must be written down, signed by you and received by the intermediary or exchange facilitator within this 45-day period. (Failure to meet the identification requirements will make the sale of the relinquished property a taxable event.) 5. Acquire the identified replacement property within 180 days of the close of escrow or transfer of title of the investment property you relinquished. When you purchase this replacement property, you must make the seller aware that you are doing a tax-deferred exchange. Tips: When you are looking for a property to acquire, you may identify up to three properties of any value; one or more of these must be acquired. One property may be exchanged for several, or several properties may be exchanged for one. Unimproved real property held for investment qualifies for this type of exchange. Warnings: It's important to carefully plan the exchange with the assistance of an experienced and competent intermediary, preferably one who is completely familiar with the tax code in general as well as Section 1031. You, as the investor, may never receive or have access to proceeds from the sale of the relinquished property. Please Share Your Tips with Us More Resources: Contribute to eHow: Write an eHow Article Suggest a Topic Give Us Feedback on This Article Related eHows: Invest in Rental Property Pay Taxes on Your Rental Home Get Tax-Free Profit From Your Rental Home Calculate the Tax Savings of Owning a Home Things You'll Need: calculators personal financial software real estate attorneys 1031-exchange facilitators Project Details: Skill Advisory: Moderately challenging New! -- Related eHows: Invest in Rental Property Pay Taxes on Your Rental Home Get Tax-Free Profit From Your Rental Home Calculate the Tax Savings of Owning a Home Check out Thousands of How-To Solutions in eHow's Centers Automotive Careers & Education Computers & Home Electronics Family & Relationships Finance & Business Food & Entertaining Health Hobbies & Games Holidays & Traditions Home & Garden Personal Care & Style Pets Sports & Fitness Travel How to: --? Web eHow.com Home | Site Map | About Us | How To Books | Link to eHow Subscribe to the eHow of the Day Mailing List : Have the eHow of the Day appear on your My Yahoo! Page: Add the eHow of the Day to your RSS reader: © 1999-2005 eHow, Inc. How things get done. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy .

Real Estate Investing

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