August 30, 2022Have Underperforming Assets? Consider a 1031 Exchange! Every so often, it’s wise for real estate investors to review their portfolios and take an objective look at the performance of their assets withinRead More
August 17, 20226 Signs it may be Time to Sell Your Rental Property Many landlords enjoy the passive income that comes from renting out their properties. However, there is some risk involved in holding a rental property forRead More
August 9, 2022How a 1031 Exchange Helps You Build Legacy Wealth If you want to leave a lasting legacy, real estate is an excellent way to build wealth for your heirs. Your heirs will receive theRead More
July 29, 2022How To Know if You Have to Pay Capital Gains Tax What Is Capital Gains Tax? When you sell an asset for more than you paid, you might owe capital gains tax on the profit. AssetsRead More
July 25, 2022How a 1031 Exchange is a Key to Building Wealth As any savvy investor knows, deferring taxes is a key part of building wealth. One effective strategy to build wealth is through a 1031 exchange.Read More
July 18, 2022Can I use a 1031 Exchange to Buy Foreign Property Outside of the United States? Understanding 1031 Exchange Restrictions A 1031 Exchange offers a way to invest in real estate while avoiding capital gains taxes. However, there are limitations onRead More
July 11, 20225 Questions to Ask Before Flipping Your House Flipping a house can be exciting and profitable. However, without experience, it’s easy to feel overwhelmed by the process. From choosing the right property toRead More
June 28, 2022Long-Term and Short-Term Capital Gains: What’s the Difference? Selling a capital asset for more than you paid results in a capital gain. Capital assets include stocks, bonds, property, and precious items like gemsRead 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 a 1031 Exchange, many real estate investors worry about the IRS’s requirement for “like-kind” properties. Questions often arise, such as “What does like-kindRead More