| View previous topic :: View next topic |
| Author |
Message |
Braxton
Em Be
Joined: 06 Oct 2012
Posts: 10
|
 Posted: Sat Oct 06, 2012 12:37 am Post subject: Investment Property |
 |
|
Property Investment can be a very good way to secure an income for your retirement. Stories abound of people mortgaging their homes, taking out investment loans and buying investment property that has then doubled or trebled in price.
_________________
custom lapel pins |
|
| Back to top |
|
 |
Chalama123
Em Be
Joined: 08 Nov 2012
Posts: 10
|
| Posted: Thu Nov 08, 2012 6:20 am Post subject: |
|
|
Reinvesting the captial gains from an investment property into another property? How does that work?
_________________
satellite internet |
|
| Back to top |
|
|
valeray12
Em Be
Joined: 15 Nov 2012
Posts: 10
|
| Posted: Thu Nov 15, 2012 3:40 am Post subject: |
|
|
The 1031 (refers to Internal Revenue Code Section 1031 which explains the exchange) "like-kind" exchange has specific criteria to qualify as a nontaxable event. You must exchange for similiar BUSINESS USE property and you must use a qualified intermediary if you are buying/selling real estate that is not a "direct" exchange. The delayed, non-direct exchange is referred to as a "Starker" exchange. The qualified intermediary will handle all money - if any actually comes to you (or an account where you have access, etc) the exchange will not qualify. After selling the property you must identify replacement property within 45 days (EXACT property with legal description) and take posession of replacement property within 180 days.
Hopefully this helps. The IRS website has a publication on like-kind exchanges which may help you. You can download here: http://www.irs.gov/publications/p544/ch0…
_________________
bar stool |
|
| Back to top |
|
|
dianneazuma54
Em Be
Joined: 23 Nov 2012
Posts: 12
|
| Posted: Fri Nov 23, 2012 6:16 am Post subject: |
|
|
How do you buy investment property with a home equity loan?
_________________
computer training |
|
| Back to top |
|
|
Free Forum
|
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
