The 1031 Exchange process starts with your CPA or accountant. The discussion should include the amount of taxes owed if you sold the property outright. The adjusted basis would be determined, and based on this adjusted basis, you can determine what the \”normal\” capital gains tax liability would be. Also, you can determine the amount of taxes that would be due to depreciation recapture. This depreciation recapture is currently taxed at a maximum rate of 25%. The capital gains that are attributed to depreciation are taxed at a higher rate.
Entries from April 2009
Going With A Qualified Intermediary For A 1031 Exchange
Apr. 29th, 2009
Top Tips for Becoming a Successful Personal Real Estate Investor
Apr. 28th, 2009
You\’ve made up your mind you\’re going to make some income with that cash pool you have. If this is the case, you may want to consider investing in real estate. One thing you need to know is that making money in real estate may not be the passive income generator that you think though. If you do have good skills and quality information, there are ways to passively make some nice profits.
Where to buy Real Estate in Costa Rica ” Top 6 picks
Apr. 28th, 2009
Where to buy real estate in Costa Rica is one the main questions to answer when you are planning to invest in real estate in Costa Rica. The climate in Costa Rica is suitable for people from any part of the world. Costa Rica has wonderful climate since it is located in the tropical region.
Profiting from Real Estate Foreclosure Investing 3 Ways to Profit from Real Estate Foreclosure Investing
Apr. 27th, 2009
With the credit crunch still creating waves upon the world economy, foreclosed properties are a common sight. Even though foreclosures tend to strike a depressing image, investors may find themselves in jovial celebration.
Where to buy Real Estate in Costa Rica
Apr. 27th, 2009
Where to buy real estate in Costa Rica is one the main questions to answer when you are planning to invest in real estate in Costa Rica. The climate in Costa Rica is suitable for people from any part of the world. Costa Rica has wonderful climate since it is located in the tropical region.
First Time Home Buyer Tips – Getting Preapproved And Prequalified
Apr. 25th, 2009
Making the right decisions particularly on the loan amount matters a lot when it comes to buying your desired property. But first, you must consider the fact that purchasing a new home requires prequalification and preapproval, and you actually need to have your credit report checked out. A detailed inspection of your financial circumstance or credit report may be done by a prospective lender while you go through the processes in prequalification and preapproval, but at the same time – you may want to check your credit report for errors from a credit bureau, for free.
5 Tips To Home Loan Prequalification And Preapproval
Apr. 22nd, 2009
Making the right decisions particularly on the loan amount matters a lot when it comes to buying your desired property. But first, you must consider the fact that purchasing a new home requires prequalification and preapproval, and you actually need to have your credit report checked out. A detailed inspection of your financial circumstance or credit report may be done by a prospective lender while you go through the processes in prequalification and preapproval, but at the same time – you may want to check your credit report for errors from a credit bureau, for free.
Closing Costs 101
Apr. 19th, 2009
Closing costs are often the last thing you think of when buying a home. While closing is the joyous moment the home becomes yours, the costs can be surprising!
The human animal and real estate investing.
Apr. 15th, 2009
How come anytime you walk in to a book store and find your way to the business or financial books all the views that are expressed in the titles are very similar??? In one way or another they all call out for a monetary version of bloodshed. I mean think about the titles: \”How you can crush the other guy\”or \”it\’s not personal its business\”, \”How to come out on top\” etc etc. When I got into the real estate investment game I spent hours trying to find the one book that would teach me how to become that REAL ESTATE INVESTING GOD I knew I could become. After reading most of the popular books at the time I actually would feel beat up over the content. I mean did I have to be a \”take no prisoners\” type of investor? Did I have to prey on some one else\’s misfortune?? The answer was no. So I set out to build a list of my own investment rules. I think we each should have our own set of investment rules. Doc\’s Rules for investing:
What First Time Homebuyers Need To Know About Seller’s Agents
Apr. 11th, 2009
Buying a home for the first time involves collaborating with a seller\’s agent or subagent. It is crucial that you understand how things will work between you and the subagent because these people act as representatives to the seller and are therefore expected to bring you to the deal. As a seller\’s agent, they are entitled to a commission and have certain duties and obligations.