Sheila Long is the Vice President and Regional Sales Executive at Old Republic Exchange, overseeing parts of California, the Southwest, and Mountain States Regions. She holds a Bachelor's Degree in Liberal Studies from Arizona State University and a Certificate of Achievement in Speech-Communication. Sheila has amassed over 20 years of experience in the real estate sector, covering both residential and commercial properties.She is actively involved in various real estate associations and serves on the Commercial Real Estates Services Committee for the Scottsdale Association of Realtors, as well as being a Board Member for the local CCIM Chapter's Federation of Exchange Accommodators. Sheila is committed to educating others about the 1031 exchange process through classes aimed at Realtors, Escrow Agents, CPAs, and Board Associations.Sheila is dedicated to providing personalized service to her clients, ensuring they fully understand the 1031 exchange process from beginning to end. She is keen on assisting with your next 1031 exchange and focuses on giving special attention to each transaction until its completion.
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Essential reading for anyone planning a like-kind exchange. Discover how to navigate capital gains and 'boot' in a 1031 exchange with our comprehensive guide. Learn what constitutes taxable boot, including cash and mortgage scenarios, and strategies to minimize tax implications.
Established in 1921, 1031 Exchanges have evolved through key legal cases and legislative changes, including the introduction of delayed exchanges, stricter timelines, and rules for holding exchange funds. Despite these changes, the core purpose remains to incentivize real estate investment and market growth.
A 1031 exchange can be an incredible tool for real estate investors to reduce their tax liability. We demystify the rules required to qualify and successfully complete a like-kind exchange.
