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!
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.
(*)/'(*) ________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.
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