"Is that legal?" Reggie smiles. "It's all good. None of my tools are ugly with past sin. They're ice cold and registered."
Matt picks up the gun with his handkerchief, places it in his bottom desk drawer, repeats the action with the clip and round, and then locks the drawer. "Why are you carrying a gun just a few hours out of jail?"
He looks at his attorney. "Would you carry two-hundred grand in cash without one, Mr. C.?" Matt shakes his head as he answers. "Probably not, you're right."
Chapter Four
Dana Underwood is proud of her accomplishments. At twenty-seven, she had just closed her biggest commercial real estate deal, and all the parties seemed happy as the buyers and seller were receiving their files from the title officer at the closing table.
Dana is the daughter of prominent real estate investor and broker Richard Underwood, so this deal is as much her validation as it is her right of passage in the family business.
Dana had graduated CU Denver with a bachelor in business just three years ago, when she joined an independent Denver real estate brokerage, where the agents and brokers were able to build their own business base and retain the majority of their commissions without the normal corporate policies and red tape.
She is overseeing the deal as the transactional broker. Dana is the agent who has the listing from the seller to market the property. The buyers had also sought her out in finding investment properties, allowing her to collect commissions from the buyer as well as the seller on this deal.
Dana checks her file as the title officer issues everyone their signed documents and disclosures to make sure everything was in order for each party. In addition, she has copies of the clients' files for her records.
Dana gets to the last page and there it is, a check for her commissions for one hundred fiftty-three thousand dollars. She can hardly contain herself as she closes the file. Dana stands up, "Well, I think that's everything, ladies and gentlemen. Thank you all so much for allowing me to be the transactional broker on this deal. I think it most certainly is a good deal for all parties."
Everyone gets up as Dana finishes her statement. "I hope you all will consider me in the future for your other transactions."
Mr. Lucero, the seller, takes Dana's hand as she is pressing the flesh. "Miss Underwood, could I see you for a moment?"
The buyers leave with the title agent after saying their goodbyes.
"Yes Mr. Lucero, what can I do for you?"
Mr. Lucero is her father's age and looks her right in the eyes as he speaks, "I am really pleased as to how smooth everything went and that all the details were handled so professionally. I feel that I would like you to find me another income property to purchase, and take advantage of the tax benefits you described by doing a ten thirty-one exchange and buy up in value to protect this money from capital gains."
Mr. Lucero holds up the check he just received for three point six million dollars after costs and commission for the sale of his apartment building.
Dana is surprised. "I would be honored to represent you, Mr. Lucero, as your buyer's broker on your next transaction. Thank you so much for your confidence." She walks with him down the hall.
He pushes the new deal with her. "Do you have the time to sign an agreement of representation now so that I can give you this check to deposit into escrow and make the . . . what did you call it?"
Dana says, "The ten thirty-one declaration will allow you to buy up into a more expensive property and not be taxed on the profits from this transaction. And it will defer any profits from being taxed until you decide to take a capital gain after selling your next property or the one after that, if you wish."
Mr. Lucero looks at her for a moment. "I think maybe something with over a hundred and fifty units. What do you think?" He had just sold a fifty-five unit, now he wants to move up.
Dana responds, "I think we better