Penns Grant

Penn's Grant Realty Corporation is a commercial real estate brokerage and consulting firm in Southeastern Pennsylvania and New Jersey, with a major presence in Pennsylvania's Bucks and Montgomery counties.

Kurt Eisenschmid, CCIM, the Principal of Penn's Grant Realty, has obtained commercial real estates' highest level of credentials from the CCIM Institute the National Association of Realtors and has continued to maintain these credential since 1988.Using the CCIM Institute's vast commercial real estate networking, education, and technology, we are able to stretch beyond our already major regional network to reach throughout the nation.

Gary Funk has been a great asset in assembling my investment property portfolio, over the last 15 years. He not only helped me find worthwhile properties, but also found quality tenants. We look forward to continuing our relationship as we modify our portfolio for our golden years. After a decision to expand our business, Kurt Eisenschmid helped us acquire the Altamonte's Italian Market new home.

Internal Revenue Code Section 1031 provides that no gain or loss will be recognized on the exchange of any type of business use or investment property for any other business use or investment property. 1031 Exchanges are not really exchanges in the context of two-party barter. Instead, they are typical sales and purchases that involve the same exact ingredients as any other sale or purchase, without the typical gains.

Most taxpayers now know about the benefits of tax-deferred exchanges allowed under section 1031 of the Internal Revenue Code but many don't know about reverse exchanges. A reverse 1031 exchange is a strategy used when an investor intends to acquire the replacement property prior to conveying title of the relinquished property to a buyer.

Everyone knows you can complete a 1031 exchange of business use or investment "real" property but most don't realize you can also exchange business use or investment "personal" property.

Exchanges involving tangible and intangible personal property assets such as equipment, aircraft, gold, paintings, livestock, radio or television station assets and/or broadcast rights, delivery routes, franchises, furniture and fixtures, mineral, gas or timber rights.The list goes on and on. An exchange involving personal property provides the same tax benefits as does a real property exchange and the same requirements must be satisfied.