Chet Szafranski

For Immediate Release

Chet Szafranski

Gains 1031 Knowledge,

Helping Their Investors Defer Capital Gains Tax

Cranston, RI - June 24, 2009

All States 1031 Exchange Facilitator, LLC, a national company that assists both individuals and businesses in deferring capital gains tax on commercial and investment transactions, taught an educational seminar on 1031 tax deferred exchanges that was hosted by Keller Williams Realty, Central Rhode Island. Founded in 1983, Keller Williams Realty Inc. is an international real estate company with more than over 600 offices located across the U.S. and Canada. The company began franchising in 1991, and following years of phenomenal growth and success, became the fourth-largest U.S. residential real estate firm in North America in 2006. The company has succeeded by treating its associates as partners and shares its knowledge, policy control, and company profits on a system-wide basis.

Chet took time out of his busy schedule to learn more about the benefits and rules of "like-kind" exchanges with All States 1031 during an educational seminar at Keller Williams in Cranston, RI. All of the real estate investors represented by Chet will benefit from his more thorough understanding of 1031 exchanges, allowing themselves the opportunity to achieve a 25% or higher reinvestment capital through the power of tax deferral that is available with 1031 exchanges.

Topics covered during the seminar included:

•- How to identify when a 1031 exchange would be beneficial

•- What types of properties qualify for a 1031 exchange

•- Due diligence questions to ask in regards to the security of exchange funds

•- The exchange process and time lines

•- Reverse exchanges: buy first, sell later

•- Construction/improvement exchanges

•- Using 1031 exchanges for tax or retirement planning

For a complimentary guide to "Building Wealth Through § 1031 Exchanges," please contact

Chet Szafranski, ABR

The Larry Morse Group

Keller Williams Realty

1170 Pontiac Avenue

Cranston, RI 02920

401-490-3380 Office

401-837-2454

866-291-7519 Fax

LarryMorseGroup.com

I'm observing a sharp increase in home sales in homes priced under 100K. There are bidding wars,multiple offers and buyers getting great properties. Investment properties are actually making money and it makes sense to be a investor. Boarded up homes are being rehabbed and families are moving back in. I cant believe how our market has changed in the last few months.

I want to thank all the great Realtors, loan officers, buyers and sellers who still believe that the most secure investment you can make is buying a home.

I cant believe the great buys out there on homes. With the foreclosures,short sales, low interest rates and the $8000 tax credit to qualified buyers now is the time to purchase a home.I myself will be buying a few multi-families this year and renting them till the market comes back up and then sell and reinvest. To all those on the fench about buying the longer you wait the more oportunities you may miss! One of my clients just bought a three unit and is seeing a positive cah flow of $1000 per month. Just think if he buys 9 more?

I just sold my first HUD home. HUD stands for US Dept. of Housing and Urban development. http://www.hud.gov/homes/index.cfm It was a long and tedious process but my buyer got a great home for a great price.

The home was a foreclosure and the appraiser had to go by Federal guidelines. So we had to put railing up,remove some mold, turn the heat on and water and replace the boarded up windows. We did this once the lender gave us a commitment letter and was confident he could close once the work was completed.

The buyer had to pay for the work which was less than $5000 and even still is getting a nice home for the money. If anyone has any more questions about buying a foreclosure or HUD property please feel free to contact me.

Chet Szafranski

Keller Williams Realty

Chets@kw.com

When purchasing a foreclosure be sure to have a knowledgeable Realtor and loan officer working with you. If you are not paying cash and going with a FHA backed mortgage there are a few issues you will encounter.

First, the banks have the homes winterized which means the water and heat is shut off and the pipes have anti-freeze so they don't freeze. The buyer is responsible to have the home dewinterized in order to have the systems inspected.If the buyer chooses not to go through with the purchase they are responsible to have it re-winterized costing anywhere from $300-$500.

Bank owned properties are sold as is so buyers do a home inspection for thier own protection and either move forward with the purchase or get the deposit back providing its in the time frame the contract allows. There are 203K loans which allows you to buy the home and do the repairs needed to make it habitable. This a better option for a buyer who isnt doing the work themselves. Buying a foreclosure can be a great investment but just make sure you are working with professionals.