What is a 1031 exchange? The term comes from U.S. Tax Code section 1031, which allows owners of specified types of assets to defer capital gains taxes on an exchange of similar properties. What does this mean for you? As an investor, you can sell a property to reinvest the proceeds in a new property and defer all capital gain taxes. Just remember, this transaction defers taxes, but it's not tax-free. There are also time limitations and other specifics that you definitely wan
Chances are that you've heard it before, "it's the best time to sell your house." How can you tell if it really is the best time to sell? Firstly, you want to look at value not price. What is market value? Market value is the price at which your property will sell, in its current condition, within the next 30 to 90 days. Market value can drop so that properties aren't selling as fast or aren't selling for as much. This brings us to the top 3 reasons to sell your house NOW. 1.