This morning we had a class with Carl Pikus of IPX – Investment Property Exchange. He spent an hour familiarizing us with how IPX can provide 1031 exchange solutions nation wide. A 1031 Exchange can offer Sellers relief from capital gains tax which can be 15-25% depending on the situation. I have my Selling Clients contact Carl to discuss the savings. And to identify IPX as the qualified intermediary to handle the 1031. Then in the purchase contract as we identify that the property is participating in an IRC 1031 tax deferred exchange. People always want to know what they can exchange ad one rule of thumb is “if you don’t live in it you can probably exchange it”. And what can you exchange to? Anything you don’t live in! So anything in the Domestic USA, that is real property with a qualified use such as investment or in trade or business. The 180 day rule is that the replacement property must be purchased by that time. The 45 day rule is that the Exchanger must identify potential properties ( generally 3) within that 45 days. If you have investment properties that you are considering selling please call me. I would love to help you with a 1031 Exchange so you don’t have to write Uncle Sam a big nasty check when you close!
Yesterday I was out in Rockne TX taking a picture of a home that is about to close for one of my Buyers. Cute little vintage home!
While I was in the area I took a few minutes to stop in the Rockne Museum. I had driven by it for many years always in a hurry. Yesterday I made myself stop and I was so glad I did.
There are some amazing old buildings that have been reconstructed and moved there. I enjoyed walking around them and thinking on how life must have been back in those days.
Then I headed over to the Hilbig Museum which was closed to see what the hours were and that is where I saw a bust of Newt Rockne. Unfortunately my picture didn’t turn out of it ( drat I have to go back lol). That is how I learned that Rockne got it’s name from the kids that were attending the Sacred Heart school back in 1931. They were given the opportunity to vote on a name and they voted to name it after Rockne as he had recently perished in a plane crash. Who knew!
If you you are ever in Bastrop County and at all interested in history take a little time to drive out to Rockne! Texas has some awesome history! And, if you are looking to buy or sell real estate in or around Rockne please give me a call ( Deb 512-743-0516 ) I would love to help you!
Rancho Valle Verde is located just off Highway 71 between Smithville and La Grange and it has produced quality Thoroughbred Horses, Registered Black Angus, Katahdin Hair Sheep and Borg Goats, premium Alfalfa-Jigs-Coastal hay and lots of pecans! The 3100 + home is reminiscent of an “old world hacienda”. the ranch home a Supak building with Austin stone finish, offers three en suite bedrooms, ,great room style living/dining, and extensive patios with panoramic 180 degree views of the ranch. An Artesian agricultural well and water canon have keep the fields green in the driest of summers!
For your private showing of this property please call Deb/Stanberry Realtors 512-743-0516
Located just minutes out of La Grange and from Hwy 71 this horse facility was originally built for an Arabian business. Most recently it was a cutting horse breeding and training facility. Sellers have to retire due to age/health. Main home is four bedroom and 4.5 baths. Split floor plan. Master ensuite on one side with wood burning rock fire place, private office with separate entry, jetted tub, shower. On the other side of the house you will find two bedrooms set up as a Jack and Jill with a shared full bath. Third bedroom has it’s own private bath. There is a raised dining area that was built to entertain and watch horses in front pasture. Currently configured with two dining areas – formal and informal. Two living areas,one with wood burning rock fire place. Big mud/laundry room with lots of food storage area. Half bath in mud room. Mudroom leads to ranch office with separate entry. Horse facilities on 10+ acres includes a two stall stud barn with it’s own large turn out, an AI barn with 15 stalls/lab/breeding dummy/foaling stall.The covered lighted round pen is a must in Texas. Lighted sanded arena. Safe fencing for the pasture turn outs. There is a double wide manufactured home plus two single wide homes that have been used in the past for ranch hands, now currently rented. There are two wells one on the main ten acres and water service to all the homes.Located on a dead end road for added privacy. Does need a little spit and polish but can’t build it for what it is listed for. Offered two ways: homes barn round pen on ten + acres 595k, or all 44 acres including the second barn (15 stalls with attached runs/turn outs, wash bay, tack and feed storage) second lighted riding area, the pond stocked with beautiful bass, and the remainder acreage in undeveloped wooded and pasture for 895k #horse facility #for sale #multiple homes #multiple barns #pond #turnouts #covered round pen #A I barn #any discipline #breed #board #train
Here is a television ad that I did for one of my horse property listings in the Greater Austin area.