Five More Things to Know Before Doing a 1031 Exchange
Friday, November 04
Recently, we introduced you to five key things you have to know before beginning a #1031 exchange. While using the provisions of section 1031 of the US Tax Code is a great way to defer capital gains tax on investment property, you can’t enter into the exchange transaction blindly. There are far t...
Five Things to Know Before Conducting a 1031 Exchange
Friday, November 04
Many real estate investors would like to trade their current property for something else. Perhaps they are relocating and don’t want the hassle of managing investment property from across the country. Maybe they are getting close to retirement and don’t see themselves fielding 3:00 a.m. phone cal...
Can the IRS Read Minds?
Thursday, November 03
They try.One of the key requirements of a valid 1031 exchange is that the relinquished and replacement properties were “held for business or investment” purposes. Unfortunately, the IRS Code does not offer any concrete rules that spell out what this general phrase means. Instead, the tax man will...
Timing Rules Do Matter In A 1031 Exchange
Tuesday, November 01
For investors who want to defer capital gains tax on the sale of business or investment property, a 1031 exchange can be a very good choice. However, before entering into this type of transaction, you must fully understand the IRS time restrictions that apply.45-Day Rule for Identification.This r...
The Truth About Taxes and 1031 Exchanges
Sunday, October 30
One of the biggest misconceptions surrounding #1031 exchanges has to do with tax liabilities. Many inexperienced investors often refer to an exchange as “tax-free.” And, while that would be great if true, it is not – with one exception.When it comes to taxes and a 1031 exchange, the most importan...
The Nuts and Bolts of Triple Net Lease Investment Properties
Thursday, October 27
In today’s uncertain economic times, traditional investments provide neither the stability or meaningful returns that investors seek. Perhaps that is why interest in net-leased, single-tenant real estate is skyrocketing. But for the casual investor, these properties – commonly called NNN or STNL ...