1031 exchange: The Rule of 72 – What the Heck is it! - 07/23/09 07:59 AM
How do we make our financial decisions? Why do we invest the way we do and what is the benefit? I think the current economy has put a cold dose of reality in every type of investor. Many of us now realize that when our parents were harping on hard work … (0 comments)
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1031 exchange: Golden IRA - 07/08/09 11:57 AM
This spring it might have been an investment fad, now it is serious investments strategy, buying gold in your IRA. This can be a well positioned move for many retirement accounts that are looking for security and stability in the coming years. As we hear the term "Second Stimulus" being loosely … (0 comments)
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1031 exchange: The Return of the Real Estate Flipper!!! - 05/07/09 12:57 PM
There was nothing better than being a Real Estate Flipper in 2004 and 2005. The Flippers would buy a piece of property today and literally sell it for a 10, 20, 30% return in a matter of days, weeks or months. These returns were unheard of in market history. We … (2 comments)
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1031 exchange: Banks & Tarp Money - Get rid of it? It depends - 03/16/09 05:31 PM
As we all know last fall thousands of banks rushed out for Tarp Money. Unfortunately for them the rules on what to do with it were not clear and the Federal Government have change rules as the months have passed. While it might have been cheap money, many banks found out … (0 comments)
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1031 exchange: Can I Do a 1031 Tax Exchange on Property Held Less Than a Year? - 01/10/09 12:15 PM
Now that the sales of Real Estate have ticked up, the question becomes can I 1031 Exchange new properties held less than one year? The big question the IRS asks is intent. What was your intent with the property and do you intend to make this a long term hold? Unfortunately … (1 comments)
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1031 exchange: Rebuild Your Retirement Now - 10/31/08 07:54 AM
Wall Street’s recent wild ride has severely changed the retirement plans of many 50 and 60 year olds. It has not been uncommon for a future retiree’s stock portfolio(s) or 401k to have been reduced by as much as 50% in the first ten months of 2008. October is on … (4 comments)
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1031 exchange: 1031 Exchanges and Foreign Property - 09/08/08 09:04 AM
A common question comes up with 1031 regarding whether you can sell an investment property in the United States and purchase a replacement property somewhere outside the U.S.. According to section (h)(1) of Section 1031 this transaction is disallowed. They do not consider US property and foreign property as like-kind. There are … (1 comments)
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1031 exchange: What can I buy with a Self-Directed IRA? - 08/10/08 12:33 PM
Probably the most popular question we get regarding Self-Directed IRAs is what can I buy with my account? The answer is what you cannot buy with your Self-Directed IRA. The sky is pretty much the limit on what you can buy. Typical investors buy Real Estate number one, followed by LLC … (4 comments)
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1031 exchange: Southwest Florida - How lucky we are! - 08/08/08 12:56 PM
I was driving around town recently noticing what a nice place Southwest Florida has become post real estate boom. When I was a kid, I was lucky to have my parents bring my family to Sanibel for 2 weeks every Christmas. I have been a full time resident for over 15 … (0 comments)
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1031 exchange: The Cost of Kids - Yikes! - 07/08/08 07:11 AM
As the father of 3 kids, one teenager and two soon to be teenagers, you never really think about how much your children cost you in terms of total dollars spent annually. Basically as a parent you think you wallet is an ATM machine, that is constantly spitting twenty dollar bills … (1 comments)
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1031 exchange: Foreclosure Tax Relief - 05/12/08 12:25 PM
Congress recently passed a new law regarding mortgage debt forgiveness resulting from a foreclosure or reduction in loan amount (i.e. short sales). The law affects mortgages that have been adjusted between January 1, 2007 and December 31, 2009. Basically the law will not require a taxpayer to take income from debt … (0 comments)
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1031 exchange: 1031 and Vacation Homes Rev Proc 2008-16 - 02/18/08 04:36 PM
Can you do a 1031 Exchanges on Vacation Home?Taxpayers wanting to defer taxes on a vacation home through a Section 1031 like-kind exchange have contended with incomplete guidelines for many years. A 1031 Exchange allows taxpayers to sell "business or investment" property and purchase replacement property within the current regulations and … (5 comments)
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