Agent Profile
My job is service...service to you and your real estate transactions! How can you benefit from my 25 years of experience and expertise? What can I offer to make the process more productive?
* Current information on available housing...comparative and competitive market pricing and analysis
* Daily involvement in the local real estate marketplace.
* Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business.
* Extensive network of professional resources to make the process as smooth as possible.
My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!
JANEESE JACKSON: 503-709-0802 or jj@janeesejackson.com
A 1031 Tax-deferred exchange is a real estate transaction involving the sale of one property with the tax on the capital gain deferred because ofthe qualified purchase of another like-kind property in exchange. For 1031 exchange purposes, the term like-kind property is interpreted as any type of investment property, rather than property owned for personal use. The 1031 exchange involves a purchase that must close within 180 days of the sale. There is also a reverse 1031 exchange in which the sale occurs after the associated purchase. Investors utilize the 1031 exchange to defer taxes by selling an investment property and using the profits to buy one or more new properties without immediate tax consequences. Both real and personal property can be exchanged but they are not like-kind to one another. Almost any property, whether real or personal, which is held for productive use in a trade or business or for investment, may qualify for a tax-deferred treatment under Section 1031. You can exchange an investment property for any other qualified investment property. In other words, you have a rental house which now has lots of equity accrued and you would like to sell and purchase two duplexes or sell a duplex and move-up to a small apartment building, etc. As long as they are “like-kind”, it is allowable. It’s a great way to continue utilizing both the equity in your investments and other people’s money to acquire wealth through real estate investments. And, who doesn’t like the idea of deferring taxes? The tax payer has 45 days from the sale of the original property to identify the new property and 180 days to close. There are relatively strict rules on the procedures for a qualified tax-deferred exchange, so I use an experienced intermediary to make sure the process is seamless and my tax deferral is protected! You do not have to use all the funds from the original sale in the exchange. A tax payer/exchanger can choose to withhold funds or receive other property in an exchange, but it is considered “boot” and will be subject to federal and state taxes. Anyone owning investment property with a market value greater than its adjusted basis should and could consider a 1031 exchange and I would definitely consult your accountant or CPA! If you’d like a referral to tax-exchange specialist to further discuss options, please contact me.
I have noticed that investment properties are “holding their own” in the Portland, Oregon real estate market. Investors with good credit and/or cash are attempting to locate good rental properties. Being a landlord is not for everyone but the rewards can be great. If you think about it, you have someone else paying the mortgage, hopefully a bit of cash flow (and the promise of more over time), plus some appreciation (albeit slow in this market) and the opportunity to set up passive income for the future. Real estate is also a very tangible investment, as you can drive by…touch and see it. I love that!!! 
About the Author | Janeese Jackson
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