|
FirstBank offers 50 years of experience to help you get a loan or do a 1031 Exchange.
Interviewer: Hi I'm Kathy
Soltero with Metro Brokers TV, and today we are at the Metro Brokers Annual Meeting at the Wellshire. We're talking
with many of our sponsors of today's event and today we have Jeff King, with FirstBank. Jeff thank you so much first of all for being
a sponsor for Metro Brokers.
Jeff King: Thank you for
allowing us to be a sponsor, we just, this is our third year I believe and we
are just so excited to be a sponsor.
Interviewer: I see today you are really talking a lot
about the 1031 Exchange,
tell us what FirstBank has to offer
with that?
Jeff King: Well in 2006 FirstBank acquired 1031
Corporation, it's been a great fit, we're able to offer our clients who
are exchanging into a property, you know a safe place for their exchange funds
as well as a good place to have to exchange loans, replacement loans as well so
it's been a great fit for us.
Interviewer: This kind of makes it a little bit more
simplified and the process makes it easier, FirstBank's got a program with
that?
Jeff King: Absolutely, it's
basically one stop shopping, and you
bring a client into FirstBank, we could do the loan for you, we could do the
exchange for you, we have over 50 years of exchange experience on staff at the
bank, so it's really one stop shopping.
Interviewer: So nothing should go wrong then?
Jeff King: Hopefully nothing
will go wrong.
Interviewer: Okay alright. Well, have you seen with the market, the way
it is I mean, it's not necessarily real estate market but just in general
investments and so forth that a 1031 Exchange
is probably a very safe way of doing business?
Jeff King: One thing we've
seen this year, over the past few years we've seen a growth in exchanges and
2012 was probably up to 2007, 2008 levels which we haven't seen, you know,
obviously for quite some years so a lot of people are really starting to take
advantage of this again and with the uncertainties in the taxes right now it's
a great strategy for some people to consider.
Interviewer: Real
estate's always a great investment no matter what are the markets doing.
Jeff King: Absolutely, that's for sure.
Interviewer: Alright Jeff we appreciate you being one of
our sponsors, thank you so much for being here today.
Jeff King: Thanks so much for having us.
Interviewer: And for more real estate related videos like
this one, be sure to tune into MetroBrokersTV.com.
Posted on January 28, 2013 15:36:48 by Scott.Shields
View my profile
|