|
|
|
Determining Your Offer Price
After weeks of seeing homes for sale, you've finally found the house you want to buy. If you are thinking of making an offer, don’t be too anxious or act hastily. Taking your time to carefully study the house as well as the environment before...
Getting Pre-Approved For A Mortgage Makes Buying Easy
Whether buying or selling a home, the real estate transaction process can be seriously stressful. Hey, no pain, no gain. Getting pre-approved for a mortgage can seriously reduce stress levels.
Lender Approval
Many people make the mistake of...
How to Grow Healthy Food
words: 400 How to Grow Healthy Food To grow healthy food, you literally have to start at rock bottom. No matter what you’re growing, from chickpeas to chickens, the truth is that you are what they eat! It’s no secret that all life begins with the...
Michigan Real Estate – A Little Of Everything
With lakes, forest, farmland, college towns and big cities, Michigan has a little of everything. Fortunately, Michigan real estate prices are on the low end.
Michigan
Michigan is a state of great beauty if the outdoors is your thing. The state...
"Subject To" Real Estate Deals Explained
"Subject To" real estate financing is fairly new on the real estate investing scene, mainly because many investors don't know what it is.
"Subject To" financing actually can be a win-win situation for both the seller and the buyer/investor if...
|
|
| |
|
|
|
|
|
|
Are You A Real Estate Investor Or A Circus Performer?
Does the stress of monthly rent collection and after hour plumbing problems make you feel like a performing seal at the circus? You're trying to keep a spinning beach ball balanced on your nose, at the same time that you're wildly clapping your flippers together hoping to please an unappreciative audience.
Does thinking about selling your investment property make you feel like Bozo the clown? Having to paint on a happy smiley face when thinking about the large percentage of your profits that you're going to lose to capital gains tax makes you frown?
There is a way to move on and leave the circus behind.
It's called a 1031/Tenant In Common (TIC) Exchange. This kind of deferred capital gains tax investment is an attractive option for owners of investment property who are looking to get a return on their equity without having nearly 30% of their profits swallowed by capital gains tax.
Under the regulations of the 1031/TIC Exchange program, an investment property owner can "exchange" their current commercial property for a "like-kind" investment property of equal or greater value, deferring the payment of capital gains taxes and maximizing their profits.
A relatively new tax program, the 1031/TIC Exchange program wasn't sanctioned by the IRS until 2002. Many commercial property owners who might qualify for the 1031 deferred tax program don't know that it's a viable option available to them.
Qualified investment property owners will discover that there are other benefits to the 1031/TIC Tax Deferred Exchange program. You'll have a monthly income stream from your investment property, without the hassles that go along with being a hands-on landlord. And your new 1031/TIC Exchange investment property will pass directly to your heirs at the stepped up basis (according to current tax law). Your beneficiaries won't have to pay capital gains tax.
There are three very important elements of the 1031/TIC deferred tax transaction that every investment property owner should know:
" You'll need an unbiased third party qualified intermediary, perhaps a lawyer or qualified CPA, who will handle all of the paperwork and make sure the IRS guidelines are followed.
" You'll need to work with a quality 1031 Sponsor Company with a continuous inventory of grade A commercial real estate.
" You'll need to make sure that your new
commercial investment is well maintained and serviced by a reliable property management company with a great track record and years of experience.
The 1031/TIC Exchange transaction can be a bit complicated for the novice. Attempting it without the guidance of a professional financial advisor, who specializes in this kind of deferred capital gains tax program, could lead to some unexpected and unsatisfactory results.
You could find yourself involved with a 1031/TIC sponsor company that handles poor quality real estate investments that may need work have little appreciation potential. They may have high tenant turn-over and require constant maintenance. You'll need to make sure the 1031/TIC sponsor company you're working with handles only quality real estate. This is often high end office space leased to long-term corporate clients.
You also want to avoid working with an unreliable property management company. Poorly managed properties make owners of 1031/TIC investment properties the targets of lawsuits from unhappy tenants, and may lead to eventual loss of equity as the building depreciates instead of increasing in value.
You can't use a family attorney or CPA to generate the paperwork necessary for the 1031/TIC exchange. You need to find an unbiased third party who is experienced with this capital gains tax deferment transaction. There are many deadlines that must be adhered to when you're making this kind of property exchange. If they are not met, you'll find yourself paying those capital taxes out of your own pocket, despite your good intentions.
There is a way for you to get out of the circus ring and into the audience enjoying the performance.
For investment property owners who are interested in the 1031/TIC Exchange program, working with an experienced financial advisor is the only way to avoid all of the pitfalls of this complicated transaction.
About the Author: How much would you pay to save thousands of dollars in capital gains tax? Learn about your options in a free information packed teleclass. Sign up right now at http://www.savegainstax.com or email Paula Straub at askpaula@savegainstax.com
Source: www.isnare.com
|
|
|
|
|
| Real Estate, Property, Land and Homes for Sale, lease and rent ... |
| Comprehensive real estate and property listings. Includes information on buying and selling, tips on building, an auction timetable and other helpful ... |
| www.realestate.com.au |
|
| Real Estate | Homes for Sale | Houses for Sale | MLS Listings ... |
| RealEstate.com provides home listings , homes for sale , REALTORS , house listings , apartment locating services. We have Florida real estate , Texas ... |
| www.realestate.com |
|
| REALTOR.com: Real estate listings & homes for sale |
| Search for a new home or find mortgage rates, real estate agents, and relocation services throughout the US, Canada, and Puerto Rico. |
| www.realtor.com |
|
| Real Estate on Yahoo! Real Estate - Homes, Mortgage Rates, School ... |
| Yahoo! Real Estate is the most comprehensive place for real estate, housing market information, school reports, local mortgage rates and more! |
| realestate.yahoo.com |
|
| Find Your Home Value, House Values and Prices on Yahoo! Real Estate |
| Yahoo! Real Estate - Free instant home values and comparable home valuations for millions of houses. Check your home's price or any house value. |
| realestate.yahoo.com |
|
| Real Estate, Houses for Sale, Rentals, Commercial and Businesses ... |
| Real Estate, Houses for Sale, Rentals, Commercial and Businesses for sale at Realestate.co.nz. |
| www.realestate.co.nz |
|
| Real Estate - Buy, Sell or Rent a Home - New York Times |
| Online real estate listings for properties in New York and nationwide. |
| www.nytimes.com |
|
| Century 21 Real Estate Agents and Brokers |
| Agency with franchised offices throughout the United States, Canada, Europe, Latin America, the Middle East and Asia. Find local offices and agents, ... |
| century21.com |
|
| Zillow - Your Edge in Real Estate |
| Zillow provides a free Home Valuation Tool for Real Estate enthusiasts. Whether you're an agent, broker, buyer of investment property or first time ... |
| www.zillow.com |
|
| STLtoday - Homes |
| Real estate agent revels in the boom in downtown St. Louis living ... [more real estate news as seen in the St. Louis Post-Dispatch] ... |
| www.stltoday.com |
|
| Real estate - Boston.com |
| Boston Real Estate - Search the Boston Globe and Boston.com for Massachusetts Real Estate, Boston Condos, Land for sale, Vacation Rentals and more. |
| www.boston.com |
|
| ABCs of Real Estate |
| Real Estate ABCs consumer tips, hints, and resources for home buyers, sellers, and mortgage borrowers. |
| www.realestateabc.com |
|
| washingtonpost.com - Washington DC real estate, Maryland real ... |
| Washington, DC, Virginia and Maryland homes, real estate news and headlines. [Registration required] |
| www.washingtonpost.com |
|
| Coldwell Banker Real Estate Corporation |
| Real Estate from Coldwell Banker ®. Buying a home, selling a home, or finding a real estate agent is easy with Coldwell Banker. Find a home, sales associate ... |
| www.coldwellbanker.com |
|
| Detroit News Online | Real-Estate |
| Sellers around the state have been frustrated with the slow sales patterns of Michigan real estate over the past year or two. But buyers have been enjoying ... |
| www.detnews.com |
|
| Newsday.com - Long Island Real Estate for Nassau County and ... |
| In a real estate market increasingly defined by niches, ... Real Estate Resources. Search by school district for recent home sales in Nassau and Suffolk ... |
| www.newsday.com |
|
| Real Estate for Sale, Rent and Share @ Domain.com.au |
| Real Estate for Sale, Rent and Share @ Domain.com.au. Houses and apartments for sale or rent all over Australia. Thousands of properties in Sydney, ... |
| www.domain.com.au |
|
| Luxury real estate news and features - Forbes.com |
| Luxury real estate news and features at Forbes.com. Core topics include real estate, mansions, condos, co ops, oceanfront realty, second homes, ... |
| www.forbes.com |
|
| Real Estate News - Prices, Mortgages, and Calculators from CNNMoney |
| Latest on mortgages, refinancing, & home tips from CNNMoney.com. Calculators for refinancing, mortgage payments and more. |
| money.cnn.com |
|
| Los Angeles, California, national and world news, jobs, real ... |
| Los Angeles' leading online source for local, state, national, world, entertainment, and sports news. Plus jobs, real estate, cars and shopping information ... |
| www.latimes.com |
|
|