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
If you are a real estate investor who is about to sell a property and use that money to purchase more real estate, make a 1031 Exchange instead of just selling outright. Making every dollar work for you compounds your wealth. Anytime you don’t compound your wealth, you have missed an important opportunity. A 1031 … Read more
The Noted English economist John Maynard Keynes once stated that “[t]he avoidance of taxes is the only intellectual pursuit that carries any reward.” While the absolute truth of that statement may be debatable, legally avoiding the payment of taxes is a national pastime that rivals baseball. A cost segregation study is perhaps the newest service … Read more
A 1031 exchange refers to Section 1.1031 of the Internal Revenue Code which was passed in 1990. Normally, when you sell all real and personal property, the tax code requires the payment of the Capital Gains Tax. That is to say, when you sell your office for 0,000 more than you bought it for, you … Read more
Overview – An IRC §1031 tax deferred exchange allows owners of real estate to defer the recognition of a capital gains tax they would have recognized when they sold their property so long as they reinvest in other “like-kind” real property. Tax deferred exchanges are not new – they have been available in one form … Read more