Copyright 2014 Gettel & Associates (email@example.com)
Stephen W. Gettel, MAI & Realtor
Capital Preservation, Tax Avoidance, Strategic-Project Planning, Development Entitlement & Project Management
Gettel & Associates provides real estate advisory and brokerage services independently or in a customized strategic program. Gettel & Associates specializes in real estate guidance and management in Tax Deferred Exchanges from prospective sale of relinquished properties to “Delay” and/or “Improvement” replacement properties.
A recent example of real estate advisory and brokerage services provided the following complete strategic program:
Market research, listing and sale of two adjoining vacant lots in Saratoga, the relinquished property, was setup in a 1031 tax deferred exchange framework with a qualified intermediary to preserve substantial equity capital through tax avoidance.
Simultaneous target marketing and contracting, then acquisition within the 45-day identification period of a recent-vintage residential estate home and acreage with additional development potential in the Aptos Hills/Larkin Valley, the replacement property, was setup in a Delay and Improvement 1031 tax deferred exchange framework with a qualified intermediary to preserve substantial equity capital through tax avoidance, and to enhance investment goals through additional development. The acquired property was planned and entitled for development with a second residential dwelling, workshop and garage, deep water as well as an enhanced wind-powered spring-fed water system, enhanced biological wastewater system, zero-energy photovoltaic solar system, enhanced security systems, and 1.5-acre organic row crop garden and orchard. The property was designed as an investor’s self-sustaining off-grid dream estate, ready for any eventuality.
Subsequent target marketing, identification and contracting within the 45-day identification period, and then acquisition immediately within the 180-day completion period of a condominium in Campbell for the interim “Park” of the development funds with a sale-leaseback during the anticipated holding period, the second replacement property was setup in a Delay 1031 tax deferred exchange framework with a qualified intermediary to preserve equity capital through tax avoidance. Upon realization of the entitlement of the primary property’s enhanced development goals, the resale of this interim investment facilitated the funding of the enhanced additional development.
Strategic Program Benefits: Equity Capital Preservation, Tax Avoidance, Enhanced Investment Goals.