Utron Blog

It is very hard sometimes to find a property which you will want to hold in your real estate portfolio for a long period of time when you know that you have a fast approaching deadline. This article will focus upon locating a tax exchange database as this might provide a list of properties which you may be interested in.

When you are looking at acquiring your property, remember that you only have a 45 day window from the time that you sold and closed on your old property from which to identify a new property or properties which you will want to buy to complete the 1031 tax exchange. You must also close upon these properties within 180 days from the time that you sold and relinquished that very same property. Thus, the 45 day identification window and 180 day closing on properties window are running time currently.
(more…)

It all began in a Kroger grocery store in Kenwood, Ohio. The year was 1970. Kroger and RCA Corporation had been working jointly for two years to develop a way to automate grocery store checkout and improve pricing and inventory accuracy. Together they had devised a system of coding product categories and prices using a tag that resembled a bulls-eye. An optical scanner, connected to a mainframe computer, would read this code and translate it into a cash register transaction. The experiment was a success, and the history of the computer scanner was born. Getting to bar codes took a bit longer.
Several months after Kroger’s successful test, a committee comprised of grocery chain and food company CEOs began meeting to work out details of a universal system of product codes and development of the appropriate computer scanner equipment. This committee, which called itself the Ad Hoc Committee on a Uniform Grocery Product Code, began working in earnest, retaining the consulting firm McKinsey and Company to spearhead the project. Discussions were held regarding what form the code should take, and what equipment should be used to read it. (more…)