Jacob’s Recent Posts

1031 Exchange Replacement Property Rules: What You Need to Consider

1031 Exchange Replacement Property Rules: What You Need to Consider

If you’ve looked online, you know there is a great deal of information about the 1031 exchange process. Relinquishing investment real estate into “like-kind” real property can help defer capital gains taxes. 

Sep 20, 2022

Which States Do Not Recognize 1031 Exchanges?

Which States Do Not Recognize 1031 Exchanges?

  Completing a 1031 exchange after selling an investment property can help real estate investors increase the purchasing power of their investment capital and also defer taxes on any realized capital gains. 

Sep 16, 2022

Who Pays Capital Gains Tax?

Who Pays Capital Gains Tax?

Capital gains fall into a category of income called unearned income. This separates them from income that people earn at their job (i.e., wages). Because of this difference, capital gains may be taxed differently from earned income. In this article, we’ll look at how capital gains are taxed and who has to pay them.

Sep 8, 2022

What Is A Modified Gross Lease?

What Is A Modified Gross Lease?

A modified gross lease is a variety of commercial real estate lease. In this structure, the tenant pays base rent and a proportional share of some other property costs, including taxes, utilities, insurance, and maintenance. A modified gross lease sits between a gross lease, where the landlord pays for all operating expenses, and a net lease, which passes on property expenses to the tenant.

Sep 1, 2022

What Is A Triple Net (NNN) Lease, And What Does It Mean?

What Is A Triple Net (NNN) Lease, And What Does It Mean?

As a property owner and investor, executing a lease with a tenant might seem like a routine matter. However, many different types of lease structures are used throughout the commercial real estate industry. A landlord can choose among gross, modified gross, and several variations of a net lease to find the form that best meets their needs, depending on the property and the tenant.

Aug 30, 2022

How to Record Realized Gains on Investments

How to Record Realized Gains on Investments

Brokers will send you a statement every month of any trading activity. But for those who want to keep track of investment gains in real-time, it’s necessary to record those gains. For real estate transactions, investors are used to recording them as they happen since there’s no brokerage involved. We’ll look at how to record realized gains and why keeping track of unrealized gains helps complete the gains picture.

Aug 23, 2022

What Are the Advantages of Investing in Triple Net Leases in Florida?

What Are the Advantages of Investing in Triple Net Leases in Florida?

Florida is well known for its warm weather, sun-soaked beaches, amusement parks, and the Kennedy Space Center, but it also can be a great place for business. 

Aug 16, 2022

What Is a 1099-MISC Form, and What Is It Used For?

What Is a 1099-MISC Form, and What Is It Used For?

The IRS seems to like the numeric designation 1099, judging by how many versions they have produced. There are 21 different versions of the 1099-form.

Aug 9, 2022

How to Create a Financial Plan

How to Create a Financial Plan

A financial plan might lead to thoughts of legacy strategies, estate goals, passing on generational wealth, and retirement approaches, all under the direction of a professional financial planner or advisor. These can be included in a financial plan. But the actual plan itself is a basic statement of your current financial situation, long-term monetary goals, and the path that connects here and there.  

Aug 6, 2022

What Is the 20/10 Rule?

What Is the 20/10 Rule?

Investment and finance can be intimidating. That's why rules and formulas often encourage us to feel confident that we are on the right track. Unfortunately, sometimes it seems like there are competing rules for every topic, and as an investor, you can cherry-pick the one you want. The same can be said for personal finance rules, although following some common sense guidelines is a wise approach to financial discipline and health.

Aug 1, 2022

Another Way To Own Investment Properties

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