How to Use 1031 Like Kind Tax Deferred Exchanges to Build Wealth #1
Sunday, January 24
Many people who have lived through the recent recession may be hesitant to believe that it is possible to build well and achieve you real estate goals but this is not true. Even though many people are still suffering the aftermath of the recession as far as being unemployed and struggling to pay ...
If I Want To Sell My Current Investment Property and get a new one?
Saturday, January 23
You may want to consider using a 1031 exchange with your real estate agent and a qualified intermediary if you intend to sell your current investment property in order to purchase a new one. In doing this you should be able to defer any capital gains taxes that would be associated with the sale o...
Should I Invest in Real Estate With No Money Down?
Sunday, January 17
It can be very tempting to think that you started with no money down on the real estate investment and became a millionaire just a short year later. In fact there are many different ads and claims all over the internet promising just this. But these might not be accurate especially when it comes ...
The Basics of 1031 Exchanges: Part II
Friday, January 08
Understanding how a 1031 exchange works can make your life a lot easier as an investor. Read on to learn more about some of the key factors you need to know.Hold TimeWhile there is no specified hold time outlined in the 1031 code published by the Internal Revenue Service, the IRS will look at whe...
The Basics of 1031 Exchanges: What You Need to Know Part I
Thursday, January 07
Deciding to use a 1031 exchange to engage in real estate investment can be an exciting opportunity but only if you understand all of the terms and rules associated with such an exchange. There are several key requirements involved in a 1031 exchange. These are known as the same taxpayer rule, pro...
Qualified Intermediary: Looking at Tax Straddles - Part I
Saturday, December 26
As we approach the end of the year, a tax straddle allows an individual to receive IRC Section 453 installment treatment on some or all of their gains on a failed exchange, where the exchange period is two taxable years. The key in this situation is to show that bonafide intent to complete t...