R. J. Gullo Cos. designs 1031 Trade-In Program

The R. J. Gullo Cos. of Real Estate Investment Services, has designed a tool called the "R. J. Gullo 1031 Trade-In Program." This program fills a void that has always been a problem for individuals wanting to perform a "1031 exchange." One of the major reason people don't take advantage of one of the best kept secrets in real estate-real estate exchange-is because there are limited good quality replacement properties to go back into. This program eliminates this problem. The R. J. Gullo 1031 Trade-In Program is structured using both Section 1031 of the Internal Revenue Code, which allows owners of income-producing or investment-held property the opportunity to pay no tax when disposing of property. Along with Revenue Procedure 2002-22 allowing individuals to take their equity (net proceeds) when performing a 1031 exchange and use the funds from the relinquished property being disposed of to acquire a part of a professional management-free investment grade property, without being involved in the day-to-day activities of ownership. This program allows owners who own either one or many scattered income-producing or investment-held properties to consolidate their equity and use it to acquire a part of a passive property such as a large apartment community or a NNN leased single tenant property like a Walgreens or CVS property. This concept is known as a T.I.C. (Tenant-In-Common Ownership) investment. A TIC sponsor is responsible for finding, acquiring and operating the property that will be owned by a hand full of other co-owners that want to benefit from the financial rewards without being involved in the day-to-day management. As a co-owner you receive an undivided interest in the property and receive a deed for the your portion of ownership. One of the biggest advantage of this program is that we are able to guarantee ownership in the new T.I.C. (replacement property) without having your relinquished property either sold or on the market. That's right, we are able to place you into ownership of the new T.I.C. property before disposing of your relinquished property and can arrange for the interim financing of the new acquisition without having the equity from the relinquished properties. And also arrange for the sale of the relinquished property or properties after the fact, through the "R. J. GULLO's 1031 Trade-In Program." This concept eliminates the issues of timing, trying to bring together the structuring of the "1031 exchange period, eliminates the problem of not having the equity from the relinquished properties if not sold yet, and eliminates the problem of not having a buyer for the relinquished property yet. A conventional "1031deferred exchange," meaning a sale of the relinquished property and then the purchase of the replacement property, also works with "R. J. GULLO's 1031 Trade-In Program." So, if you would like to participate in being able to acquire part of an investment grade property that you would not be able to own on your own, leave the day-to-day activities to a professional management company, don't have to worry about having a buyer for your relinquished property or the funds to acquire part of a T.I.C. property, then the R. J. Gullo's 1031 Trade-In Program could be exactly what the doctor ordered.