Section 1031 of the Internal Revenue Code contains arguably one of the most powerful provisions of the tax code for real estate investors… the 1031 tax exchange. Many highly successful real estate investors have used this tax code provision in combination with aggressive pyramiding and upgrading strategies to amass huge investment property portfolios. Here’s how … Read more
Throughout the year, many of us do exactly the same thing…we start saving for our annual summer holidays. This year seems to be different, the savings account has been dipped into and the credit cards would appear to be maxed out! With the credit crunch affecting the majority of us, finding enough spare cash to … 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
Do you prepare your own income tax return to save cash on preparation? If you do, or you are figuring on using this strategy on your next return, there are a couple of things that you should really know which will help you to avoid making pricey income tax mess ups. Errors that will cost … Read more
Want to 1031 (EAT) into a Property You Already Own? There are times when an investor may want to sell one of his properties and invest its proceeds in another he owns. In the past the IRS forbade 1031 exchanges in such cases, however, today there are means around it. It is known as an … Read more