If you’re into real estate investing, then you’ve probably heard the term “1031 exchange” at some point or another. In this
1031 Exchange
The 1031 exchange has become a hot topic for professionals in the real estate market including agents, title companies, and investors owning rental properties. It refers to section 1031 of the United States Internal Revenue Code (26 U.S.C § 1031) which allows investors to swap one investment property for another to defer payment of capital gains tax from the sale of investment property. In turn, this allows them to make the most out of their real estate investments. While it seems straightforward, there are a lot of special requirements, tax implications, and timeframes that may apply to the 1031 exchange and make it more complicated. Therefore, real estate investors who intend to use 1031 exchange for their own advantage must be well aware of the more in-depth details and specifics of its law before they start taking advantage of it. If you don’t know what exactly a 1031 exchange is or how it is used in real estate investing, you can find out all you need to know here!
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Owning rental property comes with a wide range of benefits. It allows you to diversify your investments, make a passive
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Trends & News
Here’s What Real Estate Investors Need to Know about the Biden Housing Policy
by Agnes Gaddisby Agnes GaddisDuring the run-up to the 2020 elections, the Joe Biden team campaigned on four key policy areas:
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Legal Matters & Taxes
Joe Biden Tax Plan: 6 Things Real Estate Investors Must Know
by Agnes Gaddisby Agnes GaddisIf you are a real estate investor, you should read this article to the end, as the Joe Biden tax plan will likely affect you. The
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Buying traditional or Airbnb investment property is one of the best ways of growing your wealth. Owning real estate allows
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Buying investment property is generally considered one of the most effective ways to make money and attain financial