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
If you are like most people who run an IT department or who even own their own business, the thought of losing all of your data is something that you really can’t even get your mind around. The amount of information that you have on your server is astronomical, and as we all rely on … Read more
A tax deferred exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a specific time frame. Although the logistics of selling one property and buying another are virtually identical to any standard sale and purchase scenario, an exchange is different because the entire transaction … Read more
Whether you’re new to real estate investing altogether or are just getting ready to broaden your investing horizons odds are good that you’ll come across the term 1031 properties at some point along the way. You may be wondering what the big deal about these properties is. Why should you consider a 1031 exchange for … Read more
One of the biggest tax hits you’ll likely ever take is when you sell investment real estate. Although taxes are a way of life, avoiding taxes is also as American as apple pie. Fortunately for all of us, there are ways to reduce (and even eliminate) taxes legally. One of the most loved loopholes the … Read more