|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: (704)737-7653.
|

Sign Up For My eNewsletter, FREE! There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Find Out More > View All Offers >
|

"Sold in 13 days for our price" "Neal stayed in touch with us and got our home sold for almost full price..." Derek and Heather Overton Read Quote > View All Quotes >
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
|
|
 |
I Guarantee Your Satisfaction!
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
Investment Real Estate >Investment Property Exchanges
When you buy an investment property, there are two important financial goals to consider. You will want a property capable of producing rental income. When you sell, you hope that the property will have appreciated enough that you will earn a good profit on your investment. If your property has enjoyed a healthy appreciation, you may need to do some careful planning to avoid paying out most of your profits in the form of capital gains taxes.
When selling your primary residence, you may be able to defer your capital gains taxes when you buy your next home. This does not apply, however, to investment property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On the other hand, if you arrange to trade one property for another, you may be able to defer the capital gains tax.
It is not as complicated as it sounds! Many real estate agents and attorneys specialize in helping their clients put these kind of transactions together. You don't have to trade buildings with the people buying your property. The property you trade may belong to a third party, and your buyers need only cooperate with the closing attorney to make the transaction work.
|
 |
| Q |
What bizarre post-midnight pageant celebrated the great transformation in Manhattan architecture during the 1920s?
|
| A |
Beaux-Arts Architects' Ball (January 23, 1931) at the Hotel Astor commemorated the end of the first skyscraper age. |
See More Real Estate Trivia > |
|
|

Home Loan Counselor For an excellent source with your questions about home loans contact Ben Maynor with JMB Mortgage at 704-549-4848 extension 1. Find Out More > View All Affiliates >
|
|
|