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James Bean

Lic. # 01970580

ALL SVN Offices Independently Owned and Operated

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-About me-

The 1031 exchange is a popular strategy among real estate investors that allows them to defer capital gains taxes on the sale of an investment property by reinvesting the funds into another replacement property. For this reason, these exchanges are also referred to as a ‘Like-Kind’ exchange.

Outlined in IRS Code Title 26, Section 1031 (from which the exchange takes its name) the rule basically says that an exchange of one investment property for another similar property will not be recognized as a gain or loss, provided it is used for the purposes of business or trade.

There are a few specific requirements related to the handling of the transaction that must be followed. For example, the sell and subsequent purchase must be done through a qualified intermediary and at no time must the proceeds of the funds come into your hands. Also, there are strict deadlines for when the purchase and sale must occur within. For more on this, you can review EXCHANGE REQUIREMENTS here.

With the 1031 Exchange, real estate investors have an opportunity to defer capital gains taxes (which in some cases can a significant 30% to 40%) indefinitely if they continue to reinvest the capital back into other investment properties.

-Customer Reviews-

Mirzet Alic was really great he was recommended by my family member he was very knowledgeable and answered all of our questions and provided us solutions for our concerns Mirzet Alic will be recommended by us to our friends and family Thank you Mirzet Alic for everything we love our new home
Jasmin and Murisa Zahidic
Mirzet helped us purchuse our dream home. He was so kind ans helpful during the proccess!! You are a dream to work with and thank you again!!!
Elmira Djonko
Our home sold within 24 hours, excellent customer service, very knowledgeable, professional and trustworthy! ​
Anela Mesinovic
Mirzet was so helpful and always available to answer my questions. He explains everything in a language I understand. I loved working with him and would defiantly recommend him to all of my family and friends, which I will do. Thank you for working so fast and efficient with a smile on your face.
Adnan Ajanovic
Mirzet was very proffesional he took his time and listened to our needs! Awesome realtor that made the process for a first time gome buyer smooth. Very knowledgable and we couldnt be happier.
Alma A
Mirzet is an excellent agent, took care of all our needs, was very professional and kept us informed at all time. I would highly recommend him to family and friends.
Almin Nuhagic, Grand Rapids, MI
Mirzet was very professional, did a great job on negotiating on our behalf to get maximum amount of proceeds from the sale of our home. I would highly recommend Mirzet! If you are thinking about real-estate, think Mirzet!
​ Almin Nuhagic
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Purchase

Purchasing a home is one of the most important decisions you’ll make, and the right advice and guidance is paramount. Experience and expertise matter and they can make a significant difference in making sure that you not only find the right house, but that you also pay the best price.

I not only have a thorough understanding of the marketplace but I also have access to many properties that are off-market 

and an awareness of properties that are about to be listed. Most importantly, I’m keenly aware of the nuances that determine value and I am discerning as to construction quality, materials, and craftsmanship.   I will listen to your needs and find you the perfect home and I will make sure that you make an educated and informed decision. Once you choose a property I will represent your interest vociferously throughout the purchase process, negotiating the best possible purchase price, managing and advocating for you during inspections, escrow, title, and closing. I will also advise you on how to make the house even better, including furniture and design, and possibly remodel ideas and augmentations where beneficial.

Seller

Choosing the correct real estate agent to sell your home is one of the most important decisions you’ll make. It can be the difference between your home sitting on the market for months or selling quickly, for hundreds of thousands if not millions of dollars more. Your home is a very personal, important, and valuable asset, and it can be an emotional and complicated endeavor to sell it, especially in today’s challenging marketplace.

Numerous questions and concerns will need to be addressed, and the advice and consultation that you receive can make a tremendous difference in the results. Marketing and advertising, remodeling and/or upgrading, photography, internet exposure, staging, design, floor-plan measurements, videography, timing and presentation, inspections, pre-market exposure, agent outreach and relationships, open houses, pricing, and dozens more nuances and subtleties all make up the difference between failure and a successful sale.