If you’re a real estate investor considering a 1031 exchange, you might be wondering what rules and requirements you should know when identifying a replacement property. As a firm that specializes in these like-kind transactions, this is one area in which we field a lot of questions.
After you sell your relinquished property, you are required to make a formal identification of the replacement property or properties you intend to acquire within 45 days of transferring your relinquished propert...
Our clients have spent years carefully building and protecting their wealth. These high-net-worth individuals come to us when they’re looking for a tax-deferred investment solution to manage and possibly grow their wealth for retirement. If you find yourself in a similar situation, you may have a few choices to consider, including a 1031 exchange. Here is a closer look at some of your options.
Classic Tax-Deferred Investment Vehicles for High-Income Earners
There are four commonly chosen stra...
Part of the excitement of investing in real estate is finding the properties that are just right for you. It’s not easy, but it wouldn’t be so satisfying if it were. To simplify the search process a little, here’s a look at some of the essential steps to help you evaluate and identify a multifamily investment property.
Considerations for Evaluating a Multifamily Investment Property
When you find a property for sale, how do you evaluate it? You need to gather a tremendous amount of information...
If you own multiple residences, you might one day consider moving from one to another. As you get closer to retirement, downsizing in your current city could be an option, or perhaps you’re thinking of moving now to the city in which your favorite rental property is located. We are frequently asked how to convert a 1031 exchange rental property to a primary residence, and we have guided many of our clients through the process.
Consider IRC 121 When Converting Your Rental Property
The key to a...
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