Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Wacky ideas to make a buck 1099 exchange.
Old 07-05-2008, 12:10 PM   #1
Thinks s/he gets paid by the post
Lakewood90712's Avatar
 
Join Date: Jul 2005
Posts: 1,316
Wacky ideas to make a buck 1099 exchange.

I'm putting this thread here in other topics, not sure it it is " Ready for Primtime " in Fire and Money. Moderators , please move it if it is.

Ques for the resident tax experts.

Is the 1099 exchange still in the tax code ? and can a person make money being the "Accomodator":confused:
__________________

__________________
“The finance industry is 5% rational people and 95% shamans and faith healers.” - Charlie Munger
Lakewood90712 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-05-2008, 12:54 PM   #2
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
I assume you mean a 1031 exchange. The middle man is usually known as the intermediary. They still exist and in recent years have expanded to include what are known as reverse exchanges (buying something before you sell the property you want to exchange). I know some people in the commercial real estate management business that also serve as intermediaries. I don't think there is much money in it, but I could be wrong.
__________________

__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Old 07-05-2008, 01:43 PM   #3
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
I paid $600 to my intermediary ... it'll take lots of those to make a living.
__________________
FIRE'd since 2005
tryan is offline   Reply With Quote
Old 07-06-2008, 01:58 PM   #4
Recycles dryer sheets
Scrapr's Avatar
 
Join Date: May 2005
Location: Bend
Posts: 269
The intermediaries also hold the funds while the deal is in process. I think this is where the majority of the $$ are. Interest on a couple hundred thousand for 2 months? Times 40 or 50 deals?

I would think an individual as an intermediary would be a tough sell. Trust factor is big with me
__________________
Scrapr is offline   Reply With Quote
Old 07-06-2008, 02:05 PM   #5
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Better be bonded.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Shifting from W2 to 1099 consulting Kronk FIRE and Money 21 10-14-2007 01:49 PM
Blogging for buck$. Nords Other topics 1 06-23-2006 02:45 PM
Wacky stuff brewer12345 FIRE and Money 5 11-12-2005 03:08 PM
Wacky warning labels Martha Other topics 8 04-06-2005 02:58 PM
The Buck must Duck! wabmester FIRE and Money 1 10-11-2004 09:02 AM

 

 
All times are GMT -6. The time now is 04:19 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.