What Happens if Both the Primary and Contingent Beneficiaries Pass Away?

What Happens if Both the Primary and Contingent Beneficiaries Pass Away?

Sep 17, 2024

How to Record Realized Gains on Investments

How to Record Realized Gains on Investments

Brokers will send you a statement every month of trading activity. But for those who want to keep track of investment gains in real-time, it’s necessary to record those gains. Investors record real estate transactions 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.

Sep 16, 2024

How Does the 1031 Exchange Work in Conjunction with Depreciation on Investment Properties?

How Does the 1031 Exchange Work in Conjunction with Depreciation on Investment Properties?

Selling an investment property for a gain can result in large tax bills. Some of that bill may include depreciation payments. This is called depreciation recapture. The recaptured depreciation is taxed at a different tax rate. Does a 1031 defer depreciation recapture taxes or does depreciation continue as if it is the same property?

Sep 15, 2024

How To Sell Rental Property and Defer Paying Taxes

Two people along with a calculator, contract, and rental property

When you are fortunate and able to sell your rental property for a profit from the initial investment you made in it — it’s also a way for you to let go of landlord responsibilities while accessing liquidity.

Sep 13, 2024

Tenant in Common and Divorce: What You Need to Know

Tenant in Common and Divorce: What You Need to Know

Divorce can have profound impacts on many aspects of your life, from living arrangements to financial and legal issues that need to be sorted out.

Sep 12, 2024

UPREIT 721 Exchange: What They Are & How They Work

UPREIT 721 Exchange Notebook

Capital gains taxes can make a considerable dent in your overall profits from a real estate sale, especially if you’re in the top tax brackets. It’s not surprising that many investors look for ways to defer tax liabilities. Several types of investment vehicles offer such benefits, and among these is the 721 Exchange, also called UPREIT.

Sep 11, 2024

What Is Improvement Value in Commercial Real Estate?

What Is Improvement Value in Commercial Real Estate?

A property’s assessed value is calculated for tax purposes and comprised of improvement value and land value. When speaking of improvement value in commercial real estate, improvements include all accessible buildings and structures on that land, not necessarily that recent improvements have been made.

Sep 10, 2024

Can An Irrevocable Trust Do A 1031 Exchange?

Can An Irrevocable Trust Do A 1031 Exchange?

Yes, an irrevocable trust can do a 1031 exchange under certain circumstances.

Sep 8, 2024

What Is the 10% Rule in Real Estate Investing?

What Is the 10% Rule in Real Estate Investing?

The 10% rule actually consists of three rules. They are meant to be a quick and minimal way for real estate investors to check that they are getting a good deal on their investment. Having some simple-to-follow rules in your back pocket is always a helpful tactic to eliminate potential bad deals early on and with little effort.

Sep 7, 2024

Can I Buy a House in an Opportunity Zone and Call It an Investment?

Can I Buy a House in an Opportunity Zone and Call It an Investment?

Since the 2017 launch of the Opportunity Zone program, investors have placed their capital gains into any number of available Qualified Opportunity Funds (QOFs). Those funds, in turn, invest in projects ranging from apartment and office renovations, to ground-up retail centers.

Sep 5, 2024

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