Friday, May 04, 2018 / by Jennifer Brown
One of the most common real estate investment transactions is the 1031 Exchange. Simply put, a 1031 Exchange (also called a “like-kind” exchange) is the swap of one investment asset for another which defers capital gains taxes on profits.
A like-kind asset refers to selling one class of investment for a similar type of asset. For example, an investor currently holds several multi-family properties, such as duplexes, and wishes to sell them all in order to purchase a larger multi-family property, such as an apartment complex. This would qualify as a like-kind exchange.
There are specific IRS rules which must be carefully adhered to in order to qualify for the deferred capital gains tax. The sale must take place through an intermediary. Title companies are one such option and when coupled with the use of a real estate agent, the easiest. The new asset must also be identified within 45 days of the sale of the current asset and the sale must conclude within 180 days. Fi ...
Monday, April 23, 2018 / by Jennifer Brown
It’s never too late to begin investing in real estate…..it’s never too early either. Real estate offers a solid investment opportunity which can provide not only an income stream but long term value appreciation as well. Regardless of the ups and downs of the market, people will always need housing, so real estate will remain a good way to create wealth. By understanding some of the basics of real estate investing, you can begin to create your own plan.
Here are 5 tips for first time real estate investors.
1. Use Leverage - . Learn about options other than your own savings for these costs.
2. Budget for the Unexpected - Have a fund available to draw on for the unexpected. Even the most carefully planned project can have unexpected costs.
3. Invest for the Long Term - Real estate investing should not be viewed as a “get rich quick” scheme.
4. Don’t Over Extend - After evaluating the risk, be honest about your ability to handle the ...
Monday, February 12, 2018 / by Jennifer Brown
This adorable cottage just hit the market in Inlet Beach just in biking distance to 30Avenue without having to get onto Hwy 98! The home is like new and was built in 2016 by Holiday builders with granite countertops, stainless steel appliances, crown moulding and hardwood floors. Just off of the kitchen/living space you will find a quaint courtyard porch with wrap around decking creating a perfect place to entertain. 90 Sandpine is also zoned for the new South Walton Public Elementary slated for 2019 completion. View additional pictures and property information in this link. Contact Jen for private appointment to view this home, 850-225-3183.
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