Vacation Home Exchanges Clarified

Vacation Homes have long been a source of angst among exchangers and their advisors because of the lack of guidance on whether they qualify as an investment property for IRC §1031 purposes. In the past, exchangers readily exchanged ‘second homes’ based on the claim that in addition to enjoying the vacation home personally, they also … Read more

Do Not Shortchange Funding Needs – Too Little Is Worse Than Too Much

There is an old adage in the funding community: “Investing ,000,000 to fail is expensive, investing ,000,000 to succeed is cheap. Investors will respond to funding needs based on real world assumptions. They will be very cautious when assessing a venture’s real funding requirements.  Think of investment capital as fertilizer. If a farmer applies too … Read more