Archive for October, 2008

Published by Erica on 23 Oct 2008

Unlimited FDIC Insurance on Exchange Funds

Bankers Exchange Services is participating in the FDIC Insurance Temporary Liquidity Guarantee Program.  The definition of this programs is; all funds in noninterest-bearing transaction deposit accounts held in domestic offices of participating FDIC-insured institutions will be fully insured.  This should be a huge relief to any exchange client that will have over the current FDIC limit of ($250K for individual or $500K for joint accounts).  What this means is that you or your client can rest assured that any amount will be backed by the FDIC while held by Bankers Exchange Services.  This program has been put into place by the FDIC and will remain in effect until December 31, 2009.

Bankers Exchange Services is offering this program in conjuction with our CDARS program so clients can take advante of earning interest on their funds as well.  Some restrictions apply, so call us for details.

Bankers Exchange Services headquartered in Walnut Creek, CA (877) 989-1031

Published by Erica on 01 Oct 2008

October 1031 Exchange Carnival

Welcome to the October 1, 2008 edition of 1031 exchange.

KCLau presents Secrets to Writing an Ebook in Three Easy Steps posted at KCLau’s Money Tips, saying, “Why one would want to write an ebook and secrets behind writing one.”

KCLau presents How not to Spend that Money? posted at KCLau’s Money Tips, saying, “Article on how to prevent spending unnecessary money. Also 3 methods on how to do so.”

Mac presents 10 Ways To Save A Dollar During Hard Times posted at Actorlicious.

investing strategies

Investing Angel presents Investments To Avoid posted at Stock Tips, saying, “Certain types of investments should just be avoided by beginner investors.”

Sandy Naidu presents Top 5 Dirty Little Credit Card Tricks posted at Future Nest Egg.

The Stock Teacher presents Speculating On The Election posted at Stock Investment, saying, “If you think McCain is going to win the election, certain stocks may be worth betting on.”

mortgage/financing

KCLau presents Credit Counseling and Debt Management Agency: FREE Financial Education for Malaysian posted at KCLau’s Money Tips, saying, “A success story one how one avoided bankruptcy as well as features of AKPK and how u can benefit from the agency.”

Joe Manausa presents Bailing Out The Banks? Actually Bailing Out America! posted at Tallahassee Real Estate Blog, saying, “While mainstream media refers to this as the “fat cat” bailout for Wall Street, you might be surprised who really needs this bailout to occur. What would happen to your job if the credit market stopped for even 1 week?”

real estate market

Amy L. presents How to Find an Affordable and Safe Place to Live posted at Housekeeping Tips, saying, “Without question, the downsizing of our economy is forcing many people to reconsider where they’re living and whether or not they can really afford it.”

Joe Manausa presents The Sign Is Up – Is Your Home Sold? posted at Tallahassee Real Estate Blog, saying, “During the booming real estate market of 2004-2006, it seemed all a homeowner had to do to sell a home was put a sign in the yard and then start evaluating offers. This is not so much the case anymore, we are back to a “normal” real estate market, where buyers are drawn to value.”

tax implicatgions

imarketing4s presents Taxes and Penalties Involved in a Loan | Unsecured Loans Now Articles posted at Unsecured Loans Now.

kevin callahan presents OIC 101: Effective Tax Administration posted at IRS For Dummies, saying, “very informative article on a option not very well known”

Reba Haas presents 2008 Tax changes for investment properties converted to primary residences? posted at Team Reba Real Estate, saying, “Cris Anderson of API Exchange sent out this recent article that highlights a shift in how rental properties will be seen throughthe eyes of the IRS if they are converted to a primary residence. Some folks had been using this strategy and taking advantage of the capital gains exemption after converting a property and living in it for 2 years. Read this to learn more about the change and how it might affect you.”

That concludes this edition. Submit your blog article to the next edition of 1031 exchange using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

If you have questions on 1031 tax deferred exchanges give our office a call at (877) 989-1031

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