Sunday, August 31, 2008

Listen to Bob on NPR Radio

I was interviewed for a radio program on NPR radio (is that redundant?), broadcast on August 29th. Go to to read the transcript and listen to the radio show ... Go HERE. The radio show discussed the current Outer Cape marketplace and how the nation-wide real estate down-turn has affected the sale of (mostly 2nd) homes on Cape Cod.

Friday, August 29, 2008

Why Do A 1031 Exchange?

1031 Exchanges provide taxpayers with a valuable opportunity to defer taxes that would otherwise be payable upon the sale of real estate or personal property held for productive use in their business or for investment. 1031 Exchange transactions are structured under the 1991 "Safe Harbor" guidelines provided by Internal Revenue Code Section 1031 and Revenue Procedure 2000-37.

A successful 1031 Exchange allows investors to recycle 100% of their capital from the sale of qualifying real estate and personal property into the purchase of "Like-Kind" Replacement Property, instead of paying tax on their capital gain or depreciation recapture at the time they sell their Relinquished Property.

Information provided by TVPX, Inc.

Eastham Windmill Weekend - September 5th - 7th

The biggest and best weekend in Eastham is the weekend after Labor Day, known here as Windmill Weekend. The town puts on a party with lots of events and it's always fun for the whole family. The weekend includes an art show, a craft show, a car show, sand 'art' at First Encounter Beach (my favorite), concerts, clam chowder contest, tricycle race (for the kids), a parade, 5 mile and 2 mile runs, and much more. Go to the Windmill Weekend website for lots more information. This year's theme is "Those Fabulous '50's". Come - join the fun!

Edward Hopper's Cape Cod

The New York Times ran an article in its "Cultured Traveler" series highlighting the iconic artist's many years on the Outer Cape, which included an interactive "Then & Now" comparison between Hopper's paintings and recent photos. Hopper spent 40 summers on the Cape and painted many local scenes, including a few in Eastham. The Times article is HERE. Be sure to click on the "Then & Now" multimedia link in the left column. The picture here is Hopper's "House With Big Pine", painted in 1935 in Eastham. If you know the street address of this house, please email me at