1031 Exchange
The tax deferred exchange, as defined in §1031 of the Internal Revenue Code, offers taxpayers one of the last great
opportunities to build wealth and save taxes. By completing an exchange, the Taxpayer (Exchanger) can dispose of
investment or business-use assets, acquire Replacement Property and defer the tax that would ordinarily be due upon
the sale. To fully defer the capital gain or recapture tax, the Exchanger must (a) acquire “like kind” Replacement
Property that will be held for investment or used productively in a trade or business, (b) purchase Replacement
Property of equal or greater value, (c) reinvest all of the equity into the Replacement Property, and (d) obtain the same
or greater debt on the Replacement Property. Debt may be replaced with additional cash, but cash equity cannot
be replaced with additional debt. Additionally, the Exchanger may not receive cash or other benefits from the sale
proceeds during the exchange.
EB-5 VISA IMMIGRATION INVESTMENT PROGRAM
HFS believes it is critical to offer opportunities for permanent US Residency to qualified investors through EB-5 Visa investments in strong US projects.
The EB-5 program is a logical and natural win-win platform for global investing.
The United States Congress created the EB-5 immigrant investor visa category to attract foreign capital to the US while creating jobs for American workers in the process.
Under the EB-5 Visa program, each $1,000,000 (USD) of investment ($500,000 in a TEA) must realize 10 direct US jobs in the development project.
• First, the investor must establish a business or invest in an existing business (to develop or turnaround) that was created or restructured after November 19, 1990.
• Second, the investor must have invested $1 million (only $500,000 when investing in a Targeted Employment Area (TEA or rural area) in the business.
• Third, the business must create full-time employment for at least 10 US workers (jobs may be direct, indirect or induced).
The EB-5 Visa is especially attractive to those high net worth individuals seeking to obtain a fast-track residency status in the USA, freedom from political instability in their home country or western education for their kids.
• A direct route to a Green Card in the United States for you, your spouse and any children under the age of 21 – Fast track solution for high net worth investors.
• US Citizenship route after 5 years of being a Green Card holder (the time taken during conditional status is part of the 5 years).
• Children may attend college / university at U.S. resident costs.
Hard Money Loan
This type of loan is secured by real property. Hard money loans are a last resort or short-term loan. These loans are primarily used in real estate transactions, with the lender generally being individuals or companies and not banks
Our firm specializing in the acquisition, development and commercial properties throughout the United States. HFS buy houses and commercial property in any conditions.
HFS also provide short-term loans to stop Foreclosures and Tax sales.
Copyright © 2008 Hammondfinancial - All Rights Reserved.