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
You’re probably hearing a good deal about 1031 properties if you’re considering real estate investing. Whether this is your first investment or you’ve been around the block a time or two it’s a good idea to sit back and really examine what 1031 property exchanges can mean for you and your future in real estate … Read more
Many people avoid the potential benefits of owning 1031 properties because they simply do not understand what does and does not qualify. There is some degree of ambiguity to the language that can be confusing. Let’s cut through some of the confusion to help you better understand. 1031 Exchanges and Like Properties One thing that … Read more
As a real estate investor, you are aware that each and every dollar that you have invested is compounding your wealth, and, in contrast, that every dollar not working for you represents a lost chance to increase your funds. So, when the time comes to put your property up for sale, you have two choices. … Read more
1031, tax, exchange, services,real estate, property,misconceptions Although the vast majority of exchanges occurring presently are delayed exchanges, let us briefly explain a few other exchanging alternatives. Simultaneous ExchangeAs mentioned previously, prior to Congress modifying the Internal Revenue Code as to exchanges and formally approving the concept of delayed exchanging, virtually all exchanges were of the … Read more