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 b_bloodw@bellsouth.net
1087 A1A Beach Blvd- St. Augustine
12058 San Jose Blvd. - Jacksonville
St. Augustine / Jacksonville, FL 32080
Office: (904) 471-1700
Phone: (904) 460-0354
Toll Free: () -
Cellular: (904) 234-5312
Pager: (904) 234-5312
ST. AUGUSTINE 904-471-1700
Intracoastal - Oceanfront - Riverfront
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personal web site
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Looking for Waterfront? ... Bill Bloodworth is
..."The Man!"... He Covers the Waterfront Like the Sunshine!" All the Oceanfront... All the Riverfront... All the Intracoastal... All the Condos...All Time... If you are selling, buying, building or trading put his expertise and market knowledge to work for you. ... Discover why ... "A Specialist Works Best For You"!
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Section 1031 of the Internal Revenue Code of 1986, as amended, offers real estate investors one of the last great investment opportunities to build wealth and save taxes. By completing an exchange, the investor (Exchanger) can dispose of their property, defer the capital gain tax that would ordinarily be paid, and leverage all of their equity into the replacement property.
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Two requirements must be met to defer the capital gain tax: (a) The Exchanger must acquire “like kind” replacement property and (b) the Exchanger cannot receive cash or other benefits (unless the Exchanger pays capital gain taxes on this money). In any exchange the Exchanger must enter into the exchange transaction prior to the close of the relinquished property.
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The Exchanger and the Qualified Intermediary enter into and Exchange Agreement, which essentially requires that (a) the Qualified Intermediary acquires the relinquished property from the Exchanger and (b) the Qualified Intermediary acquires the replacement property from the seller and transferees it to the Exchanger by a direct deed from the seller. The cash or other proceeds from the relinquished property are assigned to the Qualified Intermediary and are held by the Qualified Intermediary in a separate, secure account. The exchange funds are used by the Qualified Intermediary to purchase the replacement property for the Exchanger*...... Always make real estate investments based on the advice of a qualified tax professional...*Investment Property Exchange Services, Inc.
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Residential - resort / condo and Residential - waterfront / luxury
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