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Show Davis County Clipper Tuesday, July 9, 1996 page B 3 8 The 1031 can leverage money Last week I talked about some of the advantages of the "1031. Today, I will continue w ilh some of the different aspects of the "1031. Possibly the greatest advantage of all. is the ability to leverage your money. Every dollar you save in taxes will allow you to buy four to five times more real estate. For Example: You have a rental property that has been sold and your net proceeds are S2(X),(XX). If you have to NEW TRUCK DONATED TO DATC: Lynn Heaps JATC Automotive Technology Instructor, accepts the donation of a 1995 Truck from Jerry Brown, General Motors District Service Manager and Michael Schroader, Young Chevrolet Service Manager. General Motors District Service Manager, Jerry Brown, and Young Chevrolet Service Manager. Mike Schroader presented Davis Applied Technology Center a new 1995 S Series Pick-u- p Truck to be used as a training tool in the Automotive Technology Program. The presentation was accepted by DATC Superintendent. Michael J. Bouwhuis; Joe Osborne, Instructional Program Manager; DATC and Lynn Heaps, General Motors has been invaluable to the school. The truck is a wonderful addition to our Automotive Technology Program, Osborne said. The new technology in this truck will be very valuable to students in our program training to become automotive technicians in our high tech Einstein Bros. Bagels will unveil society. Each DATC training program is guided by an Employer Advisory Committee made up of industry Automotive Technology Instructor. Partnerships between DATC and local and national employers. These members review all curriculum and training equip- industry leaders greatly enhance the training programs. This donation will be a significant training tool to support the certified A.S.E. nationally Automotive Technology Program at DATC. This truck is a very valuable addition to our training' program, said Heaps. The support of Young Chevrolet and ommendations. This keeps DATC training at the leading edge of technology employers need. DATC is an open-entropen-exenrollment center. Training is d and individualized. Other training programs available ment for the training and make rec- it self-pace- include Auto Collision Repair, Diesel, Machining, Welding, Medical and Dental Assisting, its 16th store along the Wasatch Front on Monday, July 8, with the grand opening of its Farmington Nursing, Electronics, Industrial Maintenance, Business and Computer Programming. Tuition is very reasonable, and financial aid and scholarships are available to qualified applicants. cent down, you would be able to buy property worth $6(X),(XX). By utilizing the exchange, you would be able to reinvest in property worth SI million. If you elect to retain part of the proceeds, you may do so and pay taxes only on the portion of the proceeds that you keep as long as the balance is in accordance w ith IRS regulations. I briefly touched on the use of the qualified intermediary An intermediary cannot be one of the following persons or entities: a family member, an employee, your accountant, your attorney, a closing or escrow officer, your investment banker, a real estate broker or agent, a controlled corporation, partnership or trust. Multi-part- There are different kinds of exchanges. The delayed exchange is y Einstein Bros. Bagels opens new store in Farmington 0 Young Chevrolet donates a 1995 truck to DATC program one whereby the old property is sold and a new one procured. The new property must be identified within 45 days after closing of the old property and must be closed within 1X0 days alter closing the old property. The simultaneous exchange takes place the same day. The construction exchange is one whereby the intermediary retains ownership of the replacement property until improvements have been made Sometimes it becomes necessary to procure the replacement property prior to the closing ot the old property. 'Hits is known as a reverse exchange. exchanges occur when two or more parties trade one property into several properties. With any exchange, you must always use a qualified intermediary and consult your tax accountant. Thank you and have a good week. pay 40 percent in taxes on this, that w ill If leave you only $!2().(XX) to you purchase property w ith a 20 per- location at 12 North Highway 89. The store will be open for business seven days a week, serving fresh bagels, sandwiches and other items from its extensive menu from 6:30 a.m. to 9 p.m. Einstein Bros. Bagels are freshly baked throughout the day using a g process that patented steam-bakin- combines hearth-bake- d crustiness with a delicious chewy inside. d Tomato Smoked Salmon, and Spinach Dill Lite. conutiners of spreads are also available. Einstein Bros. Bagels stores are designed to have a casual, relaxed feel incorporated with clean lines and warm colors; each store also features a community activity calendar and bulletin board. This process allows Einsteins to pack its 18 varieties of bagels with ingredients like whole blueberries, raisins and nuts. In addition to traditional flavors, Einstein Bros. Bagels will offer Cinnamon Sugar, Nutty Sun-Drie- Eight-ounc- Banana, Wild Blueberry, Dark Pumpernickel and Chocolate Chip, Any of Einstein's 18 bagels can be topped with one of 1 1 delectable cream cheeses made with an innovative process that offers unique flavors and ensures easy spreading. Einstein Bros. Bagels has Flavors include Wildberry Lite, Cheddar & Peppers, Very Veggie, Davis awarded CCIM designation Grant S. Davis, principal broker of Grant Davis Realty has been awarded the Certified Commercial Investment Member (CCIM) designation by the Real Commercial Investment Estate Institute, an affiliate of the National Association of Realtors. The designation was awarded on June 13, 1996 during the Institutes meetings in Reston, Virginia. CCIMs are recognized experts in the disciplines of commercial and investment real estate. The CCIM designation is awarded to professionals who have completed 240 hours of graduate-leve- l courses in financial analysis, commercial brokerage, market analysis, tax planning, managing and marketing troubled assets, decision analysis, and negotiation, among others, and have also fulfilled professional experiential requirements. Of the estimated 80,000 commercial real estate practitioners nationwide. Grant was member 6,201 to receive the CCIM designation. Grant also holds the CRS des- ignation from the National Residential Council of Realtors. He is the full time selling principal-broker of Grant Davis Realty and he also serves, one day a month, as a Governors appointee on the Utah Real Estate Commission. The Commercial Investment Real Estate Institute, as the authoritative voice of commercial and investment real estate, is dedicated to providing its membership with an extensive educational foundation and subsequent expertise. The CCIM designation was established in 1969. GRANTS. DAVIS Imagine a CD that happens once every WO years. BECKI SZYMCZAK Szymczak honored We did. Becki Szymczak of Coldwell Banker Premiers Bountiful Office was recently honored to be asked to be a panelist for the 4th Annual Walter Sanford Mastermind Event. Becki has become known as one of the leading Real Estate Professionals in the area. In 1993 she achieved Rookie ot the Year status from the Salt Lake Board ol Realtors and also from Coldwell Banker Premier. I'tah Region. THE UTAH CENTENNIAL CD. This fast rising real estate star continued her success from there w ith a personal touch, hands on attitude toward her clients. She provides her customers with exceptional service, achieves remarkably short turnaround time with close to full price otfers on her listings. She also seems to have a knack for finding just the right home for her buxers with the least amount of trauma. It was this type of attitude and resulting successful track record that prompted Coldwell Banker National to recommend W hat service-minde- d wav to celebrate the Utah Centennial than with a certificate of deposit that not only pays you in interest (an annual percentage yield of but also pavs vou in bronze. Namely The Official Utah 5.60), Centennial Medallion with every CD over Si, 000. The medallion is solid bronze, features an engraving of Delicate Arch and is sure to become a collectors item. And speaking of collecting items, you can also purchase the Utah Centennial Becki to Walter Sanford as a panelist. Spending four days in Los Angeles with other National and International top producers. Becki was featured in a slide presentation documenting her ideas and methods for real estate success. As a panelist she was able to present ideas for other agents hoping to leant from the featured top producers. Coldwell Banker Premier would like to congratulate Becki for this honor and highly recommends her to anyone broking for a real estate agent. bettor US Bank branch. So celebrate more than a four-coi- n Utahs 100th year collectors set at by investing a any 5.60!$ little money and getting little money back in return. Drop by your nearest branch today or call US. BANK. for more information. 1 - 800-US-BAN- certificates of deposit. $500 minimum opening balance $250,000 maximum deposit $1 .000 opening deposit required to receive bronze medelbon. 60 APY as of July 1,1996 on Rate subject to change without notice. Member FDIC. 5 Without you, there's no KS UmK of 16 stores between Provo and Ogden that daily serve more than 100,000 bagels with a unique assortment of cream cheeses and other tasty accompani- - us. SM one medallion per customer. Substantial penalty fot earty withdrawal |