If you plan on holding real estate as an investment, whether commercial or residential, then it is essential that you learn how to minimize your taxes as you buy and sell property. One of the best ways to reduce your taxes and quickly grow your wealth is to use a 1031 exchange as you trade … Read more
Article by Elaine Voncannon Anyone who purchases property understands the importance of making smart financial investments. In real estate, homebuyers and sellers have the same goal – to build wealth. There are many strategies that can help real estate investors maximize their investment potential and increase their return on investment (ROI). A popular strategy that … Read more
Exchange Traded Funds In recent years, there is one type of fund that has hit the commodities market creating a major impact. This comes in the form of exchange traded funds. United States markets alone hold more than billion in assets, as of 2009. The investor has many choices when it comes to using these … Read more
A 1031 exchange or Like kind exchange is defined by section 1031 of the Internal Revenue Code or the IRC. According to IRC if an asset, most often some form of real estate such as land or building is sold and the proceeds of the sale are re-invested in a similar asset then there is … Read more
A tax deferred exchange or 1031 exchange is a strategy or tool that can be used by an investor to sell property, as long as it qualifies, and then buy another like-kind property. Since the transaction is treated as an exchange rather than a sale, investors qualify for a deferred gain. The law can be … Read more