1031 Exchange in California – A Powerful Tax-Deferral Tool

California is the United States’ largest economy and one of the best places to do a 1031 exchange. Due to its incredibly high tax rate and skyrocketing home prices, many property owners have found that the 1031 exchange can save them hundreds of thousands in taxes. 1031 Exchange, also called a Starker Exchange or Like-Kind … Read more1031 Exchange in California – A Powerful Tax-Deferral Tool

Primary Residence 1031 Exchange – What You Need To Know About Converting Your Home to a Rental

Sections 1031 and the 121 exclusion are music to most real estate investors’ ears. Not only are tax breaks available on rental properties through 1031, but everyday homeowners can benefit from 121 as well. It makes sense that investors will wonder things like: “Can I combine section 1031 and 121, and benefit from both tax … Read morePrimary Residence 1031 Exchange – What You Need To Know About Converting Your Home to a Rental

1031 Exchange Into Primary Residence – The Do’s and Dont’s

Once you’ve learned about the incredible tax benefits of the 1031 exchange, investors start asking harder questions. Some of these questions include ones related to primary residence vs rental property in a 1031. “Can I turn my 1031 exchange property into my primary residence?” “Can I benefit from both section 121 and section 1031 tax … Read more1031 Exchange Into Primary Residence – The Do’s and Dont’s

How to Find a Qualified Intermediary

By now, you’ve like realized the inevitable: You need a qualified intermediary for your 1031 exchange. For one, the IRS says that an exchange is only “safe harbor” when there’s a facilitator involved. Second, 1031 exchanges are tough. There are hundreds of “if’s, and’s, and but’s” to consider for every situation. Last, qualified intermediaries give … Read moreHow to Find a Qualified Intermediary

Commission Rebates – Your Way To Purchase a Home for 98 Cents on the Dollar

That’s it! You have decided to perform a 1031 exchange in order to postpone paying capital gains taxes and depreciation recapture. In other words, you are purchasing a property with the profit generated on the sale of the another property. As an expert investor, you already know you can take advantage of this 1031 tax-deferred exchange to buy a more valuable … Read moreCommission Rebates – Your Way To Purchase a Home for 98 Cents on the Dollar

1031 Exchange Timelines – Stop Worrying and Read This Now!

1031 exchange timelines seem confusing at first. Figuring out what needs to happen within 45 days, 180 days, and other periods can be unclear. This guide simplifies the timelines for the 1031 exchange to their most basic level. The timeline requirements for a 1031 exchange can be broken into three sections. The first is when … Read more1031 Exchange Timelines – Stop Worrying and Read This Now!

Don’t Choose a Qualified Intermediary Before Asking Them These Questions

Choosing a qualified intermediary can seem like full-time job. There are many things to consider such as: Is my qualified intermediary reputable? How do I know the qualified exchange company won’t lose my money? The qualified intermediary I’m talking to is halfway across the country. Can I do an exchange over phone and email? Will … Read moreDon’t Choose a Qualified Intermediary Before Asking Them These Questions