Sunday, October 10, 2004

ATTITUDE and the 1031 Exchange Real Estate Investor 

1031 Exchange Investors Risk the "Misty Climb"

My dogs and I have a habit of making the climb to the top of the ridge each day. On a sunny day, you can see all the way to Hot Springs Gap from up there, and at this time of year, the valley below is beginning to paint itself in the remarkable colors of Fall. From this vantage point, you are sure that there's no place like Asheville, North Carolina --and especially at this time of year.

This morning the mists were cloud-thick, but we set out into the swirling masses anyway knowing that the mysterious atmosphere produced a perfect backdrop for adventure. The flow of inspiration was nearby...

The dogs explored the nuances of the rocky road. They rooted out a chestnut or two, chased a squirrel up a tree, and finally came to stand, tails wagging, on the very edge of the ridge where it overlooks a sharp descent from the cliff above. As I joined them, the mists cleared and the Carolina blue sky rewarded my effort to reach the top.

I asked myself how many of us get a chance to enjoy life at this level each day? And then I thought of my clients, the folks who become investors in and stewards of the land . They are doing this day after day, on their climb to the "top of the ridge".

1031 Exchange investors decide what they want to accomplish, and head out on the trail.

They find "chestnuts"-- a REALTOR with whom they can communicate to help them with property selection, determining values, prices and terms. They gather together a team. Besides their REALTOR, there’s a financial analyst, a banker or two, or three… a tax advisor, legal advisor, and a Qualified Intermediary all of whom understand the 1031 Like-Kind Exchange process. And it's true. they will probably chase a few "squirrels" up trees along the road.

Yes, indeed. It IS a thrilling climb.

Kudos to you for taking the time and effort to “sniff out your territory” and may your successes be many.

Please let me know how your climb is going. Visit my web site:

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