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 Build Wealth Win Win Financing Professional Service
Build Wealth - Protect your Investments
In general, Section 1031 of the Internal Revenue code allows an owner to exchange one property for another and defer payment of state and federal capital gain taxes.
Both properties are to be of "like kind" that is, the properties must be either:
- Held for productive use in a trade business
- Held for investment
Over the long term, acquiring real estate through exchanges is an excellent method of building wealth. Section 1031 allows continued deferral of taxes on subsequent exchanges, which enables the owner to increase equity without the burden of capital gain taxes. |
Creative Win Win Financing Solutions
The Contract of Deed is an effective financing tool recently rediscovered by Realtors, Property Owners and Investors. The Contract for Deed is a method of selling property by allowing the buyer to purchase subject to an existing mortgage. If constitutes a quasi-transfer of title that involves an Escrow Agent as an intermediary and loan servicing agent. The Escrow Agent prepares the Contract for Deed and all the documents needed for the real estate transaction.
This Contract for Deed method is good for those people that are self-employed or have credit blemishes. As I am self-employed, I have personally used this method in the past to buy my own home and found it to be a surprisingly easy process.
It also can be a good way for sellers to maximize their profits by carrying the note and deed of trust for a buyer. The Seller not only can get a portion of their equity up front, but can also receive a monthly interest payment. Call me for details on this great program. |
Expert Professional Experience & Service
 Ron Phillips is a full time Realtor since 1993 and is a licensed broker. His production level has consistently been within the top 3 out of 50 agents in the office. Ron has achieved the Centurion multi-million dollar sales producer award and a member of the CENTURY 21 International Masters Club for the last 4 years. Ron has been trained in VIP Relocation and a graduate of the 21 Plus Training Program along with numerous other training classes. He has successfully closed over 5 million dollars in property for the last 3 years ranging from $80,000 to $1,750,000. Ron has extensive experience in relocation and is very sensitive to the individual needs of each family. He plays a vital part in the team efforts of CENTURY 21 Dinkel & Associates in achieving the Quality Service Award with many quality service reports from his customers.
Ron has spent the last 35 years of his life communicating and helping people. Prior to real estate, Ron pastored a church for 10 years and owned and operated several different businesses in the Denver metro area. |
FOR ALL YOUR REAL ESTATE NEEDS
Ron Phillips
Aggressive, Accountable, Accessible
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CENTURY 21 Dinkel & Associates, Inc. Copyright 1999, 2000 All rights reserved.