Thinking about exchanging your investment property? Knowing what ‘like kind’ means is crucial to successfully deferring your tax burden. As a general rule, real estate for real estate, regardless of zoning, is a fine trade. In other words, if you trade your investment condo (residential) for a five-unit apartment building (apartment), you’re fine. But trying…
Read more
So you have an investment property you purchased for next-to-nothing and it’s appreciated to two- or three- times your initial investment. But back then when you were just starting out, you could barely afford the price tag, so you borrowed a big chunk because you were certain it was a sure thing. Or maybe you…
Read more
From The American Apartment Owner’s Association website: Rents Expected to Rise ShareThis 6% Increases Expected; Markets in the West and Southwest Rising Even Faster A major market report just released shows rents are on their way up.Axiometrics Inc., a provider of data and analysis on the multi-family housing sector, announced in its latest research report…
Read more
Effective January 1, 2013, Uncle Sam may have an extra bill for you to pay. Do you have adjusted gross income (AGI) that exceeds $200,000 ($250,000 as a couple filing a joint return)? If you answered “yes,” your income will be taxed an additional 3.8% on the lesser of your investment income or any income…
Read more
Back when you had the energy and time, being a landlord may have sounded like fun. Then perhaps, you hired a property management company or gave the responsibility of taking care of your property to a family member. Over time, the asset probably needed some work: a new coat of paint or repairing a refrigerator.…
Read more
|
Want to learn more about what your property is worth?
| ||||||
