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1031 Like Kind Exchange and LAND for Eco Development

Asheville Real Estate Journal
1031 Like Kind Exchange and LAND for Eco Development 

Recently, a large acreage investor and I were talking about "green" investment strategies and concerns about the 1031 Like-Kind Exchange process. He had heard by the grapevine, and mistakenly believed, that he absolutely had to acquire property exactly like the property he was about to relinquish. 

In searching for a 1031 Like- Kind Exchange he was puzzled when it  came to  how he would be able to locate an eco-friendly exact match for here the Asheville, NC area for his three-story brownstone back East.

Finding an exact match when you are looking for land for an eco-sensitive development is not required, I assured him. And so we went exploring...and found this!

 Couple Enjoy Cascade at Hickory Nut Forest Eco Development- Asheville

Photo  at Hickory Nut Forest Eco-Community Near Asheville

And while we may have a limited supply of three-story brownstones, he could select from is a wide variety of exchange properties. Eco-investors not only have latitude as far as choices go, but a "cascadding" menu of land for eco-sensitive development and/or conservation from which to choose under the 1031 Exchange Plan.

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(*)/'(*)   ________The Asheville NC Real Estate Journal . Mountain Homes and Land Legacies- Asheville NC Real Estate  © 2011.  NAR GREEN®, EcoBroker®, Eco Certified ®Real Estate Consultant. INFORMED CHOICES. THOUGHTFUL ADVICE. Email me to request a copy of EPA's Sustainable Design and Green Building Toolkit- janeAnne@janeAnne.com  Unauthorized reproduction of any information including photos  on this site is a violation of existing copyright laws.  All rights reserved.

Eco-Friendly Mountain Homes and Land Legacies-  
- Asheville 1031, The Eco-Steward Real Estate Firm, Inc.  © 2011.

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Asheville NC Real Estate Journal for RESOPURCES & REFERRALS -Mountain Homes and Land Legacies- Asheville 1031 Realty© 2014.  Designations: NAR GREEN®, EcoBroker®, Eco Certified ®Real Estate Consultant, ePRO®. Unauthorized reproduction of any information including photos and graphics on this site is a violation of existing copyright laws.  All rights reserved.

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Comments

Great advice for investors.

looks like a nice area

your friend in Charlottesville!

Posted by Charles McDonald, REALTOR®, Blogger, Principal Broker®, Owner (Charlottesville Real Estate Solutions) almost 9 years ago

Good job with the 1031 janeAnne - excellent advice and information. Looks like a beautiful piece of dirt too.

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) almost 9 years ago

Hi janeAnne~ The level of contemplation displayed in this photo is priceless!

Great information on the 1031 Exchange process too!

Posted by Judi Boad (ACCURATE REALTY GROUP) almost 9 years ago

Charles~Maybe you will make it on over the mountains one of these days =)

Debb~I enjoy the 10 31 process...especially when it involves eco -friendly lands...

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) almost 9 years ago

Judi~ Thrilled that you noticed the, as you say, "level of contemplation"... AMAZING!

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) almost 9 years ago

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