A 1031 exchange is a tax-deferral tool that real estate investors can use to build wealth, save on taxes, and expand their portfolio. This strategy is applicable to any investor who wants to sell an existing property, and trade up for higher cash flow. In this post,...
Let’s be honest: the US tax code is lengthy, complex, and overwhelming. Unless you’re a CPA or some kind of superhuman tax guru, there are probably a lot of opportunities to save on taxes that you’re overlooking. One of these amazing money-saving possibilities lies in...
How the new tax changes impact you as a real estate investor depends upon where your income falls. Short-term and long-term capital gains are taxed at different levels. This means you can sell your primary residence and pay less in capital gains than if you buy an...
Depreciation is defined as the reduction in the value of an asset over time. Depreciation is one of the most powerful tax benefits of real estate investing! Our favorite CPA Tom Wheelwright calls depreciation “the magical deduction.” Depreciation is important because...
When it comes to taxes, there’s never been a better time to be a real estate investor. The new 2018 tax code contains incredible ways for real estate investors to keep more money in their pockets. In fact, taxes are the number one way that investors make money! In...
A 1031 exchange is a powerful tool that allows an individual to save on taxes after the sale of a piece of real estate. This tax deferral program permits the investor to sell a real estate property and then reinvest the funds in a property of equal or greater value....
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