Chicago, Lincoln Park, Lakeview and Bucktown Illinois real estate listings, home buying, selling and relocation information

All agents are NOT alike! Find out why I am a top real estate expert. Call me: 773-883-5769.

Find Out About the Latest Homes for Sale First!
We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
Find Out More >
View All Offers >

"Very responsive, conscientious."
"Very responsive; consciencious. Good communicator and 'hand holder.' We would recommend Dave!"
Alex and Cara, Wicker Park
Read Quote >
View All Quotes >

The Nimick Team is one of The Top Selling Real Estate Experts™
Find Out More >

From Our Affiliates: Chicago, Lincoln Park, Lakeview and Bucktown Illinois home buying, real estate listings, and homes for sale in Cook County, IL

Welcome > Resources > Who We Recommend ...

"In order to better serve our clients, we wanted to list a
select group of professionals in important real estate fields
that we have worked with in the past, and am happy to
recommend. They have established themselves in their
industry, and have received praise from our clients that have
worked with them. Please feel free to contact them directly."

The Nimick Team.

Mortgage Broker: Katheryn Keller
Since entering the mortgage industry in 1999, Katheryn Keller has helped numerous individuals realize their dream of homeownership.

Find Out More >

Mortgage Broker: Michael McNamara
Mike McNamara has been a loan officer with Windsor Mortgage since 1996. He has closed over 1400 loans in his origination career.

Find Out More >

Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

	See All Tips In The "Tax Considerations" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	What country of the world has the highest percentage of private housing?
A	Mongolia, where 100% of all properties are owner-occupied.
See More Real Estate Trivia >

Real Estate Attorneys
Coming Soon
Find Out More >
View All Affiliates >

The Nimick Team, REALTORŽ, real estate agent and broker for Chicago, Lincoln Park, Lakeview and Bucktown Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Nimick Team, GRI
Keller Williams Lincoln Park Realty
2106 North Clark Street
Chicago, IL. 60614
Direct Line: 773-883-5769
Cell Phone: 773-620-4444
Fax: 773-549-2941
Email: Dave@TheNimickTeam.com
Dave is an established, top-notch Chicago realtor. By relying on his knowledge, experience, and effective communication skills, Dave's clients always feel at ease and are immediately comfortable with placing their trust in him. By consistently focusing on his client's best interests, Dave has enjoyed tremendous success in real estate. Dave considers himself fortunate to have had the chance to provide unsurpassed service, and his clients appreciate his responsive and unselfish approach. Whether working with buyers or sellers, Dave's NUMBER ONE goal is to go the extra mile to deliver outstanding results for his client. Dave utilizes cutting edge marketing and advertising techniques to help achieve superior results. Dave has a firm grasp on the most up-to-date technology involved in an ever-changing real estate market. Dave knows that the 21st Century real estate consumer is tech-savvy -- they want the most information in the least amount of time and want all their questions answered. For all your real estate needs, give Dave a call.

Keller Williams Lincoln Park Realty real estate and homes for sale in Chicago, Lincoln Park, Lakeview and Bucktown Illinois

www.TheNimickTeam.com is brought to you by The Nimick Team
NUMBER1EXPERT™ in real estate for Chicago, Lincoln Park, Lakeview and Bucktown, Illinois

Read Our Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge