Real estate is a great way for anyone to invest their assets. If you have a good knowledge of the area you are investing in or you have a good relationship with contractors who you believe could renovate a property and increase its value, you'll likely be successful...
Month: August 2019
What alternatives to a 1031 exchange exist?
If you're a real estate investor, then you've probably heard of a 1031 exchange. Its name comes from Section 1031 of the Internal Revenue Service's (IRS) tax code. It describes how investors can delay having to pay capital gains taxes when they sell an investment...
What does a pool do to a home’s value?
When buying or selling a home, you have to make an accurate assessment of the home's value and the demand in the current market. Unfortunately, this is not always as static as it appears. The value may be different to different buyers.For instance, imagine that...
If you want to invest in rentals, consider this important tip
As someone looking to invest, it's a good idea for you to learn more about buying your first rental property. Owning an investment property can be a great way to add to your portfolio and income, but it does have its risks.When you purchase an investment property,...
Considerations for limited liability companies
Limited liability companies (LLCs) are business entities that can be advantageous for entrepreneurs for a number of reasons. Otherwise known as holding companies, they are a top pick for many who want to create a company, because they protect the founder from personal...
Are there any cons to a 1031 exchange?
If you're planning on selling an investment property any time soon, it's likely that you'll gain a significant amount of profit when you do. If you allow this profit to become a source of income for you, it will mean that you'll be subject to capital gains tax.Many...
Should you sublease a commercial space?
Commercial property is expensive to rent. It's also quite difficult, at times, to find a space where you need it. If an opportunity to sublease someone else's commercial property becomes available, should you take it?Maybe. Subleases become available all the time in...
Reasons to refinance your mortgage
Whether you own only a family home or you have several properties that serve commercial purposes, you likely have one or several mortgages. Mortgages are a great way to finance the purchase of a home because they tend to be flexible and offer reasonable interest...
Avoiding paying taxes after selling property
Investing in real estate and selling it for a profit is a great way to earn an income. Some real estate entrepreneurs solely gain their income through doing this, while others earn an additional income when selling property while holding down full-time jobs.If you are...
Can anyone become a real estate entrepreneur?
Real estate development has become closely associated with wealthy entrepreneurs who live the dream lifestyle. For obvious reasons, many people look up to this lifestyle and want to be able to live a life like this. Flipping homes and making huge profits sounds fun,...
