The IRS Code 1031 is a tool that any commercial real estate owner or investor should familiarize themselves with. There are many rules governing a like-kind exchange. They range from the obvious to the complicated. Some have to do with defining terms, and others have to do with your eligibility. Before you can take advantage of like-kind exchanges, you need to understand some of the rules that come with them. Here are some of the rules you should be aware of.
Read More
Receiving multiple offers on your home for sale might not initially feel like a problem, but it can put you in an overwhelming situation. Knowing how to fairly review offers and choosing a buyer can be a lot of pressure, and is a personal decision that you will have the final say on. If you can go into your offer process strategically and informed, you will be more likely to make the best decision when it comes to buyers.
Read More
If you have purchased storage space for items that you no longer want in your home, it is extremely important that you use the storage space that you have been given wisely. This means that you will need to stack and arrange the items you store in the best way possible, so that you utilize all the space that you have. Here are a few ways that you can maximize the use of your storage space.
Read More
As a landlord who buys real estate as rental property, you may have wondered what the benefits are of choosing two family homes over single family properties. Here are some of the major pluses and minuses to investing in a multifamily property.
More Income, Less Risk
There is more potential for a higher rental income with a multifamily property. When you are charging several separate adults with their own incomes, you can get away with a higher price than you could if you were renting a property to a single family.
Read More
Are you getting ready to finally move out of your parent's place and are thinking about getting your own home? Have you heard it's always better to own than to rent? Sometimes, that's not always the case. Here are three pros to renting a place to live over buying a house.
Variety of Choices
When it comes to renting, there are a variety of different homes from which to choose.
Read More