If you're a realtor or homeowner preparing to sell their property, you may have come across the term "1031 exchange." 1031 exchanges are a powerful tool that can help investors and homeowners defer paying capital gains taxes on the sale of their property. However,...
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Most Common Issues Faced When Selling Farmland
If you own farmland that you're thinking of selling, you're not alone. Farmland is a hot commodity right now, and prices are rising. However, selling farmland can be complicated. There are a few common issues people face when trying to sell their land. This is why...
5 Facts Lenders Should Know About a Reverse 1031 Exchange
For those who don't know, a 1031 exchange is simply a method of swapping one investment property for another while deferring the capital gains taxes that would typically be due on the sale. While this may seem straightforward, there are actually a few different types...
Dealer vs. Investor Status in 1031 Exchange: Learn the Facts
If you're looking to defer your capital gains taxes through a 1031 exchange, it's essential to know the difference between dealer and investor status. Many people begin this type of transaction each year only to find out that their exchange wasn't valid because they...
What You Should Know About Identification Rules for 1031 Exchange
If you are getting ready to sell an investment property, you may consider doing a 1031 exchange to defer paying taxes on the sale. 1031 exchanges can be a great way to reinvest your money and continue growing your portfolio, but there are some important rules that you...
1031 Exchange: What is a Mortgage Boot?
If you are familiar with the term "1031 exchange", you may have also heard of the phrase "mortgage boot." But what does this mean? In order to understand what a mortgage boot is, it's important first to have a basic understanding of what a 1031 exchange is. In this...
Real Estate Flipping and 1031 Exchange: Learn the Facts
Many people are joining the world of real estate flipping as a way to make quick and profitable returns. While this may be true in some cases, it is important to understand that rules in place regarding 1031 exchanges could prevent you from taking advantage of this...
5 Important Facts About Seller Financing with 1031 Exchange
For those unfamiliar with the term, 1031 exchange refers to the Internal Revenue Service code that allows investors to defer capital gains taxes on property sale as long as the proceeds are reinvested in a "like-kind" property. Seller financing can be used as a tool...
What You Should Know About Unwinding a 1031 Exchange
If you're getting ready to sell property, you may have heard of the 1031 exchange option. This type of exchange allows you to sell your property and reinvest the proceeds into another property without paying any capital gains taxes. However, there are some situations...
Farmland Auctions and 1031 Exchange: What You Need to Know
Are you attending a farmland auction and considering using a 1031 exchange? Maybe you've done your research and understand the basics of what a 1031 exchange is but are still unsure if this type of real estate transaction qualifies. This article will provide you with...