Key 1031 Exchange Vocabulary You Must Know
Sunday, October 23
The world of #1031 exchanges is riddled with unique terminology. For the uninitiated, it can be a daunting proposition. To help you understand the phrases you will undoubtedly hear if you choose to complete a tax-deferred 1031 exchange, here’s a list of the key terms you will come across.Boot: Th...
What To Do With Investment Real Estate When You Relocate
Thursday, October 20
One of the biggest conundrums facing investors is what to do with investment real estate when relocation is in their future. Typically, this phenomenon hits aging investors close to retirement the hardest. They’ve worked hard to build up a solid portfolio of real estate close to home. Yet with re...
Are there refinancing restrictions on 1031 exchange property?
Tuesday, October 18
I recently discussed the issues surrounding a refinance before selling relinquished property in a 1031 exchange. Another question I often field from my clients is when and how they can refinance their replacement property without triggering IRS attention (and potential tax liabilities).The good n...
Tired of actively managing your rental property?
Sunday, October 16
Investors go into rental property ownership for all the right reasons. Appreciation of the asset and a steady, monthly income flow are two big ones. And it works beautifully for most. At least for awhile.But eventually the day comes when an investor, likely facing his or her golden years, still d...
Exchanging Real Estate That Includes Personal Property
Saturday, October 15
One of the most basic tenets of every #1031 exchange is that the relinquished property and replacement property must be “like kind.” Unfortunately, when real estate is involved in the exchange, there is a fairly common issue that investors unwittingly run into. It comes up when personal property ...
Can you refinance relinquished property in a 1031 exchange?
Friday, October 14
Often times, I encounter investors who want to take advantage of the tax deferral offered by a 1031 exchange, but also want (or need) to receive money from the sale of the relinquished property. Ordinarily, any money received from the sale would be considered taxable boot.Is there a workaround? Y...