Many of our area’s real estate investors have heard of the 1031 exchange, a technique where property held for investment is exchanged for “like kind” property thereby deferring capitol gains taxes until a later tax year. While investors like being able to defer taxes until a later year, many complain that they’d like a way … Read more
A 1031 exchange is a method of selling a property. There is more to it than simply selling a property for another property that is equal in value. The properties both have to be qualified for the 1031 exchange, and it must be done in a certain time period. This is not seen as a … Read more
Heidi Is The Proprietor Of A Bar In Norfolk Her story will explain the messy economic calamity that has engulfed the entire developed world. But, I have gotten ahead of myself. Let’s get back to the story … In order to increase sales, Heidi decides to allow her loyal customers – most of whom are … Read more