Why Self-Storage Facilities Continue to Be a Great Investment
Wednesday, September 20
Earlier in the year some real estate experts speculated that the supply of self-storage facilities outpaced demand. However, the recent spate of natural disasters, including two major hurricanes, has spurred demand for temporary storage in a storm’s aftermath.This comes as no surprise to those in...
Calculating Deadlines In a 1031 Exchange
Tuesday, September 19
Anyone who wants to complete a #1031 exchange to defer capital gains taxes must understand IRS timing rules. Internal Revenue Code requires that you identify your replacement property (or properties) within 45 days of closing on the sale of your old property. You must then close on the property w...
How to Identify 1031 Exchange Replacement Property
Monday, September 18
One of the biggest obstacles in any #1031 exchange is finding suitable replacement property. Sometimes the ideal property will come along right away – sometimes even before the relinquished property is sold – but unfortunately this is not the case for most exchanges.For investors who relinquish b...
1031 Exchanges: For More Than Just Real Estate
Saturday, September 16
For many non-professional investors, #1031 exchanges are used primarily for real estate transactions. However, the IRS code also allows for a variety of personal property to qualify, too. In fact, personal property exchanges are just as common as real property exchanges.Where it gets complicated,...
More Reasons to Leave 1031 Exchanges Out of Any Tax Reform
Wednesday, September 13
Summer is over, and Washington is starting to buzz again. Legislators are returning from break, and the atmosphere of change is starting to ramp up. One area that anyone involved in real estate or real estate investment is keeping a close eye on is, of course, tax reform.And while nobody is certa...
Breaking Down "Like-Kind" In a 1031 Exchange
Tuesday, September 12
A successful #1031 exchange can offer powerful tax-deferral benefits to an investor. However, whether an exchange is successful depends on whether it follows the strict rules laid out by the IRS.One of these requirements is that the relinquished property and replacement property involved in the 1...