Also called a Starker Exchange Trust, a 1031 exchange is generally used by someone who wants to sell an investment property that they own, yet do not want to pay any taxes. A 1031 will allow the seller of the investment property to defer the taxes as long as they purchase another property which costs … Read more
Do you have an investment property that you would like to sell, but defer the capital gains taxes? If so, then you need to consider a 1031 exchange: A 1031 exchange, otherwise known as a “tax deferred exchange” is a strategy and method for selling one investment property and then proceeding with an acquisition … Read more
As a common cliché would have put it, taxes are inevitable. However, we break tradition in this article as we discuss a method to avoid paying taxes. Exchange 1031 is a provision that allows the homeowner to keep the entire proceeds for the sale of a real estate property by exemption of payment of capital … Read more
If you are considering bankruptcy, you may want to find out if debt management programs could help you to get out of debt and avoid this black mark on your credit report. A debt management program is one that provides you with help in paying down the debt you have. This often includes paying less … Read more
Although it may be overstated, there is a lot of truth to people ruining their credit score due to missing payments and paying their credit card bills late. The fees can pile up and the interest rates can grow before you know it, and after a while you won’t even be able to pay the … Read more