18 Sep 2024
By RESCO Realty

Understanding 1031 Exchanges For Real Estate Investors

Investment Properties, ,
When it comes to real estate investment, understanding tax strategies is crucial to maximizing your returns. One of the most effective tools for deferring taxes and boosting your investment potential is the 1031 exchange. This IRS provision allows investors to defer capital gains tax on the sale of investment properties, providing more capital to reinvest and grow their portfolios. What is a 1031 Exchange? A 1031 exchange, named after Section 1031 of the Internal Revenue Code, enables investors to defer paying capital gains tax when they sell one investment property and use the proceeds to purchase another. To qualify, the…
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17 Sep 2024
By RESCO Realty

How to Easily Transfer Utilities and Avoid Moving Day Hassles

Homeowner Tips, ,
Moving to a new home is an exciting milestone, but in the middle of packing boxes and planning logistics, the task of transferring utilities often slips through the cracks. Skipping this essential step can lead to unwanted stress, unexpected service interruptions, and even extra charges. To help you avoid those issues, here's a guide on transferring your utilities without a hitch during a move. 1. Create a Utility Checklist The first step is to make a checklist of all the utilities you currently use in your home. These commonly include: Electricity Water Gas Internet and cable Phone services This checklist…
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16 Sep 2024
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – September 16th, 2024

Financial Reports, ,
The week for the Federal Reserve’s rate decision has finally come. This is the week everyone has been waiting which will decide whether we will see any rate cuts this year. There has been a lot of speculation that this will be the first rate cut and likely more in the future. With the Federal Reserve giving hints the data has been on track, the outcome of one seems very likely. With the previous week's CPI and PPI statistics coming in, which both were slightly warmer than expected, the data still largely shows that inflation has been kept under control.…
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