July 11, 20225 Questions to Ask Before Flipping Your HouseUnless you’re an experienced house flipper, navigating the ins and outs of flipping a house can be daunting. From finding the right property to sellRead More
June 28, 2022Long-Term and Short-Term Capital Gains: What’s the Difference?When you sell a capital asset for more than it cost when you purchased it, you experience a capital gain. Capital assets include equities, bonds,Read More
June 22, 2022How Long Should I Keep Tax Records Relating to My 1031 Exchange?Many investors are unsure of how long they should keep their tax records pertaining to a 1031 Exchange. Do you hold them for a fewRead More
June 15, 2022Do I Have to Choose a Rental Replacement Property with the Same Amount of Units When Doing a 1031 Exchange?When starting the 1031 Exchange process, real estate investors express concern about the IRS requirement that a property be exchanged for one that is “like-kind.” Read More
June 9, 2022Why Should You Use a Cooperation Clause in Your Real Estate Contracts when Doing a 1031 ExchangeA 1031 Exchange is a great tool for real estate investors who are looking to defer their capital gains taxes. However, there are a fewRead More
May 27, 2022How to Minimize Taxes When Selling Income-Producing Real EstateAre you a landlord who is looking to sell your rental property? If so, you need to be aware of the capital gains tax thatRead More
May 19, 2022Why You Need a Qualified Intermediary to Complete a 1031 ExchangeWhen you are looking to complete a 1031 Exchange, it is important that you work with a Qualified Intermediary. This individual is responsible for ensuringRead More
May 12, 20223 Key Considerations when Making a Real Estate Investment PlanReal estate investing can be an incredibly rewarding way to build wealth and gain financial security. However, this type of investing also comes with itsRead More
May 5, 2022When is the “Right Time” to Sell an Investment Property?It’s a question all real estate investors eventually face: When does it make sense to sell an investment property? Obviously, the answer depends on aRead More
April 29, 20224 Different Types of 1031 ExchangesA 1031 Exchange is a method to defer capital gains taxes on the sale of certain types of property by reinvesting the proceeds from theRead More