Investing in real estate is a proven, time honored profession. Whether you intend to buy and hold your properties for long term gain or find “fixer-uppers” and flip them for short term profit, we can definitely help you! We have access to any properties being offered for sale in the Tampa, Brandon, Valrico, New Tampa, Temple Terrace, Apollo Beach, Riverview, Lutz, Seffner, Dover, and surrounding Tampa Bay areas.

We also have access to key mortgage programs. Have you heard of the Mortgage Freedom Loan? This type of loan is geared toward investors and financially savvy homeowners because it works to pay down the principle faster than conventional mortgages. Click here for a short video and simulator: www.123smartmortgage.com
You found the perfect property, found a great mortgage and purchased your investment property. Now What? We are a full service real estate and property management company. Whether you are around the corner or on the other side of the globe we will take care of your property like it was ours! We will handle tenant procurement & qualification, leasing, rent collection, maintenance and inspections for you! Click on our property management page for more details…

When the time comes for you to sell the property we don’t just “list it and forget it”. We help you decide which method of sale is best considering your specific circumstances.

If you have a property that qualifies for a 1031 exchange, we can help you complete the procedure. Not sure what a 1031 Exchange is? A 1031 Exchange is a transaction whereby an owner of investment property is allowed to sell the property and purchases another property without a tax consequence.  A 1031 tax-deferred exchange allows an investor to reinvest the federal capital gains received from the sale and defer the payment of the tax that would normally be due on the sale. We work with you and a “qualified Intermediary” on the sale of your property as well as locating and acquiring a "like-kind" property within the 180 day time limit. The term “like kind” may be a little confusing but for this purpose it means real property i.e.: you can sell a single family home and purchase another single family home, warehouse, or vacant land, etc.  As long as the property being sold is not a primary residence, and there is a tax liability to selling, an Exchange should be considered.
Here are some key points while considering a §1031 Tax-Deferred Exchange:

Choosing a “Qualified Intermediary”: This is probably the most critical choice you will make in a §1031 tax deferred exchange transaction! Paramount to every exchange is the safety of funds held by the Qualified Intermediary.

Interview several and take special note of their “fund management program”.

• In whose name are the funds held?
• What are the requirements for deposit and withdrawal?
• Where are the exchange funds held?
• Is the Qualified Intermediary insured by a much larger company, (i.e. title company)

Qualified Intermediaries are not regulated by the state of Florida. Your care and diligence is crucial because losing your hard-earned money is not an option!
Plan in Advance: The Qualified Intermediary cannot give tax or legal advice. However, they will work closely with your RE Broker, CPA, accountant, attorney, financial planner, lender, etc. to ensure your best interests are considered. Therefore it makes sense to contact all the parties involved ahead of time rather than risking losing the opportunity due to poor planning!

Understand the rules: You must spend all the proceeds from the sold property on the newly purchased property to qualify for full deferment. Of course, there are some exceptions. Contact your tax professional for advice. Remember, real estate can only be exchange for other real estate. It cannot be exchanged for jewelry, stocks, bonds, etc. Also, you cannot spend the proceeds on property you already own. This is considered “goods and services” rather than “like Kind” property.
Time is of the Essence: Written Identification of the specific replacement property must be within 45 Calendar days. The closing must occur by the 180th calendar day or the tax filing date-whichever is earlier.

This checklist is intended to provide a brief overview of the steps involved in an IRC §1031 tax deferred exchange. This checklist does not address all issues involved in an exchange.

REVIEW: Review the entire transaction with tax and/or legal advisors.

SALE CONTRACT: Enter into an “assignable” contract to sell the relinquished property.
Execute contract with the exchanger’s name and/or assigns.

CONTACT QI: Before closing, contact QI to initiate the exchange transaction.

EXCHANGE SET-UP: QI will prepare the exchange documents for the relinquished property sale.

A) The original documents will be forwarded to the closing officer who will coordinate the signatures.
B) Copies of documents are forwarded to the exchanger.

RELINQUISHED PROPERTY CLOSES: QI is assigned into the transaction as the seller and sale closes.

A) Pursuant to the assignment agreement and exchange documents, QI instructs the closing officer to directly deed the relinquished property to the buyer.
B) Exchange proceeds are transferred directly to QI.

IDENTIFICATION PERIOD: Both the 45 Calendar day identification period and exchange period begin.

PROPERTY IDENTIFIED: Exchanger properly identifies replacement property by midnight of the 45th day.

A) Specific written identification, signed by the taxpayer, is forwarded to QI.
B) Written identification can also be made to a party involved in the exchange transaction who is not a disqualified person.

PURCHASE CONTRACT: Enter into an “assignable” contract to purchase replacement property.
Execute contract with the exchanger’s name and/or assigns.

CONTACT QI: After signing the replacement property contract, contact API.

EXCHANGE PAPERWORK DRAWN: QI will prepare the exchange documents for purchase.

A) The original documents will be forwarded to the closing officer who will coordinate the signatures.
B) Copies of documents are forwarded to the exchanger.

REPLACEMENT PROPERTY CLOSES: QI is assigned into the transaction and purchase closes.

A) Pursuant to the assignment agreement and exchange documents, QI instructs the closing officer to directly deed the replacement property from the seller.
B) QI transfers exchange proceeds to the closing officer.

COMPLETION: If all exchange funds are used to acquire the replacement property or properties, and all the exchange requirements are met, the exchange is complete.