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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27 Jun 2024
By RESCO Realty

Understanding the 1031 Exchange for Real Estate Investors

Investment Properties, ,
Navigating the world of real estate investment can be complex, but one of the most valuable tools for savvy investors is the 1031 exchange. Named after Section 1031 of the Internal Revenue Code, this strategy allows investors to defer capital gains taxes on the sale of an investment property by reinvesting the proceeds into a similar property. Here’s a breakdown of what you need to know about the 1031 exchange. What is a 1031 Exchange? A 1031 exchange, also known as a like-kind exchange, is a swap of one investment property for another that allows capital gains taxes to be…
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10 Apr 2024
By RESCO Realty

“How To Manage Investment Property While Working Full-Time “

Investment Properties,
Most independent rental property owners in the U.S. reportedly work another job on top of being a landlord. That means the overwhelming majority of landlords are attempting to juggle more than they can handle at times. However, there are organizational and strategic concepts that can maximize efficiency and profitability. Consider the following tips that bring property management tasks under three basic headings: organization, automation, and outsourcing.   Organization Matters One of the things that tends to overwhelm landlords is thinking about the rental properties as an extension of home ownership. The rental seems like it involves many of the same…
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