After taking numerous classes in financial planning and weighing my real estate investments, I discovered that a 1031 tax exchange was the best course of action to avoid paying heavy capital gains taxes. What is a 1031 tax exchange, you may ask? In essence, this is when you agree to reinvest your profits from a … Read more
Your head is probably swimming by now by all the technical talk you’ll hear in real estate circles. 1031 property exchange may be just another bit of real estate jargon to you but if you have long-term goals for your real estate investments. It’s a phrase you really need to perk up and pay attention … Read more
Today, the entire outlook of people towards work is changing. We are living in the economy where you never know you will be out of Job due to obvious business reasons. Everybody wants to achieve financial independence to keep going ahead with their standard of living. Gone are the days when people had to step … Read more
As if there weren’t enough facts and details floating around about the 1031 property exchange, you now discover there are different types of these exchanges to choose from. Learning about your options will help you make an informed decision about the best course of action for your needs, goals, and comfort zone. Simultaneous … Read more
If you’re considering a 1031 tax exchange to defer payment of capital gains tax on your real estate investment, it’s important that you understand the basics of the 1031 exchange process. As a general rule, savvy investors understand the low-level nuts and bolts of the transaction – but things can get a little sticky … Read more