A 1031 Exchange, named after Section 1031 of the Internal Revenue Code, allows investors to defer paying capital gains taxes when they sell an investment property and reinvest the proceeds into a similar property. This powerful tool is designed to encourage investors to reinvest in real estate, promoting economic growth and allowing investors to diversify or upgrade their portfolios without an immediate tax burden.
Encyclopedia - A list of all the terms you should know
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The 70% Rule is a guideline used by real estate investors to determine the maximum price they should pay for a property. According to this rule, an investor should pay no more than 70% of the property's After Repair Value (ARV) minus the estimated repair costs. The ARV is the amount the property is expected to sell for after all the renovations are complete.
A-Frame homes are unique triangular-shaped houses known for their steeply angled roofs that extend to the ground. These homes are popular for their distinctive design, energy efficiency, and ease of construction. They offer a cozy and efficient living space, making them a favorite for vacation homes and modern living.
A-Frame homes are unique triangular-shaped houses known for their steeply angled roofs that extend to the ground. These homes are popular for their distinctive design, energy efficiency, and ease of construction. They offer a cozy and efficient living space, making them a favorite for vacation homes and modern living.