Vacation Homes have long been a source of angst among exchangers and their advisors because of the lack of guidance on whether they qualify as an investment property for IRC §1031 purposes. In the past, exchangers readily exchanged ‘second homes’ based on the claim that in addition to enjoying the vacation home personally, they also … Read more
Mutual funds are basically instruments for investing money. People want to invest their money in top mutual funds and allow their money to grow. It is because the bank rates have fallen down considerably in last few years. If you want to increase the value of your money over a period of time, then investing … Read more
A lot of people are taking advantage of a 1031 tax exchange, and they are benefiting greatly from it. The basic principle behind one of these exchanges is that one piece of property is exchanged for another piece of property that is of the same value. There are several different exchanges that can take place, … Read more
In these troubling economic times, it’s often difficult to know where to turn for solid and dependable investment advice. Some terms, like 1031 property exchange may seem like a foreign language to you if you are new to the idea of real estate investing. With the stock market doing crazy acrobatic stunts on a daily … Read more
Anything that has to do with the IRS has the potential to be a painful experience-even a 1031 property exchange. With this in mind you want to work hard to remove as much potential pain from the process as possible. There are many ways you can do this but first you might be wondering if … Read more