Decatur Duplex – Zoned Commercial

Posted on November 6, 2009 by jeff

2 beds/2 baths up and 2 beds/2 baths down

Posted via email from jeffgoddard’s posterous

2 Years New Tucker Cottage

Posted on November 4, 2009 by jeff

$369,000, 2 beds, 2 baths.

Posted via email from jeffgoddard’s posterous

Pre-list foreclosures with map

Posted on November 4, 2009 by jeff

Hey gang, 28 new homes this week on the pre-listing foreclosure list.

See a map of them here

2065 Verbena Street NW, Atlanta, 30314
220 Avery Drive, Covnington, 30016
2234 Mark Trail, Decatur, 30032 Continue reading →

Avondale Estates Tudor – Open Sunday 2-4

Posted on October 16, 2009 by jeff

Fantastic For Sale By Owner renovation in historic Avondale, open Sunday 2-4. Lemme know if you want to see it. Owner is asking $625k. 5 Beds/3Baths

Open Sunday 2-4

REBT and BOLD

Posted on October 9, 2009 by jeff

I’ve been taking a class called BOLD. It’s a sale course coupled with tactical ways to break down our limiting beliefs. It’s interestingly similar to the the work of Albert Ellis which focuses on breaking the belief pattern to reach different results. Read more about that concept here: http://en.wikipedia.org/wiki/Rational_emotive_behavior_therapy

Pre-list Foreclosures

Posted on October 8, 2009 by jeff

These homes haven’t been listed yet. My company will be listing them shortly.

Vacant Pre-List Properties:

	Property Address
Pre-list	1150 Collier Road NW #6-K, Atlanta, 30318
Pre-list	1517 Westview Drive, Atlanta, 30310
Pre-list	172 Carroll Street #106, Atlanta, 30316
Pre-list	1720 Boulderview Drive SE, Atlanta, 30316
Pre-list	1815 Dodson Drive, Atlanta, 30311
Pre-list	2150 Montilly Place, Atlanta, 30349
Pre-list	2529 Shiloh Drive, Decatur, 30034
Pre-list	2610 Waterford Park, Lawrenceville, 30044
Pre-list	382 Sawtell Avenue SE, Atlanta, 30315
Pre-list	456 Hooper Street SE, Atlanta, 30317
Pre-list	5029 Donnell Way, Decatur, 30035
Pre-list	931 Hall Street NW, Atlanta, 30318
Pre-list	9385 Windy Court, Jonesboro, 30238
Pre-list	986 Fair Street, Atlanta, 30314

Athenian Oath

Posted on January 28, 2009 by jeff

Bill Floyd’s State of the City Address last night in downtown Decatur was based on the Athenian Oath. It’s amazing how timeless some things can be. It was inspiring even in these treacherous times. Enjoy.

The Athenian Oath

This oath was taken by the young men of ancient
Athens when they reached the age of seventeen.

We will never bring disgrace on this our City by an act of dishonesty or cowardice.

We will fight for the ideals and Sacred Things of the City both alone and with many.

We will revere and obey the City’s laws, and will do our best
to incite a like reverence and respect in those above us
who are prone to annul them or set them at naught.

We will strive increasingly to quicken the public’s sense of civic duty.

Thus in all these ways we will transmit this City, not only not less,
but greater and more beautiful than it was transmitted to us.

1031 Tax Deferred Exchange Trouble

Posted on December 24, 2008 by jeff

I’ve heard several reports recently of 1031 Tax Deferred Exchange trouble.

Here’s how a 1031 Exchange should work:

Principal sells property for a gain
Proceeds are diverted to a Financial Intermediary (FI)
FI holds funds
Princial identifies new investment
FI releases funds for transaction

In this case, the principal doesn’t experience a taxable event; just transfers the value into a like-kind asset. Beautiful, huh?

Here’s the problem hitting the streets lately… Since financial intermediaries aren’t regulated, essentially anyone can offer the FI service and they can co-mingle funds with the operating accounts. It all “hits the fan” when during the step 3 above, the FI’s business starts to crumble and ALL cash gets liquidated. Then, when the Principal requests the payout for the new investment they realize that the FI is out of business and the funds have disappeared.

Needless to say, this can be devastating to investors. It’s not uncommon for people to use a 1031 exchange with assets that are a significant portion of the their net worth and these funds are not FDIC insured (or any other type of insurance for that matter).

What does it all mean? Well, if you’re considering a 1031 Exchange, ask lots of questions and speak to a real estate attorney prior to selecting a Financial Intermediary.

Here are some examples of questions to ask an FI:

What other lines of business are you in?
Will my funds be segregated from the operating accounts?
Do you segregate funds for each client?
Can we agree in writing that these funds will only used for my next investment transaction?
Are you involved in any pending lawsuits?

The sad news is that all this controversy is brewing around a fantastic tax strategy that anyone can use.

The good news is that tax can still be deferred safely and without sleepless nights or antacids. Just do your homework and talk to people you trust.

Here are some great resources for you also:

Real Estate Attorney - David Barrett – 404-240-0007 dbarrett@ntgclosings.com

Wikipedia 1031 Info: http://en.wikipedia.org/wiki/1031_exchange

-Jeff

Happy Holidays!

Posted on December 21, 2008 by jeff

This discussion is officially starting and I’m doing my part to contribute to the economy by spending as much money as possible on gifts. Happy Holidays to you and yours. -Jeff

Jeff Goddard

I'm a guy and I do stuff.

Author Archives: jeff

Decatur Duplex – Zoned Commercial

2 Years New Tucker Cottage

Pre-list foreclosures with map

Avondale Estates Tudor – Open Sunday 2-4

REBT and BOLD

Pre-list Foreclosures

Athenian Oath

The Athenian Oath

This oath was taken by the young men of ancient
Athens when they reached the age of seventeen.

We will never bring disgrace on this our City by an act of dishonesty or cowardice.

We will fight for the ideals and Sacred Things of the City both alone and with many.

We will revere and obey the City’s laws, and will do our best
to incite a like reverence and respect in those above us
who are prone to annul them or set them at naught.

We will strive increasingly to quicken the public’s sense of civic duty.

Thus in all these ways we will transmit this City, not only not less,
but greater and more beautiful than it was transmitted to us.

1031 Tax Deferred Exchange Trouble

Happy Holidays!

The Athenian Oath

This oath was taken by the young men of ancient Athens when they reached the age of seventeen.

We will never bring disgrace on this our City by an act of dishonesty or cowardice.

We will fight for the ideals and Sacred Things of the City both alone and with many.

We will revere and obey the City’s laws, and will do our best to incite a like reverence and respect in those above us who are prone to annul them or set them at naught.

We will strive increasingly to quicken the public’s sense of civic duty.

Thus in all these ways we will transmit this City, not only not less, but greater and more beautiful than it was transmitted to us.

This oath was taken by the young men of ancient
Athens when they reached the age of seventeen.

We will revere and obey the City’s laws, and will do our best
to incite a like reverence and respect in those above us
who are prone to annul them or set them at naught.

Thus in all these ways we will transmit this City, not only not less,
but greater and more beautiful than it was transmitted to us.