Can you use the 1031 Tax Deferred Exchange Rule for your vacation home? Columnist Gary Gorman explains. He shows you how to document it. Great advice. A 1031 Tax Deferred Exchange allows you to defer capital gains tax when you sell, usually saving thousands and it can be a great leverage vehicle. It's not as hard as you think and just takes a little pre planning now. I've helped many investors use the 1031 Tax Exchange.
read more | digg story
Wednesday, February 13, 2008
Friday, January 25, 2008
Thursday, January 17, 2008
Response by Bill Fitzpatrick About the Roller Coaster Ride
Good 'ole Bill agrees with me. Real estate should be considered a long term investment. He and I also agree that it is the best long term investment that anyone can make. So, plan on holding long term and with that being said, purchase real estate that is affordable.
The speculators messed up our Myrtle Beach market and we are just starting to see some good corrections in little pockets of the market. Long term, we still have at least until the end of 2008 until we are in a more normal market.
But, if you listen to Bill's video, he also stresses to do your research by using a knowledgeable professional. And hey gang, that would be me!
Listen and watch Bill give you some advice.
The speculators messed up our Myrtle Beach market and we are just starting to see some good corrections in little pockets of the market. Long term, we still have at least until the end of 2008 until we are in a more normal market.
But, if you listen to Bill's video, he also stresses to do your research by using a knowledgeable professional. And hey gang, that would be me!
Listen and watch Bill give you some advice.
Real Estate Roller Coaster
This is a pretty interesting video showing the real estate cycles from about 1900 to April, 2006. Of course now we know how the end of the ride went------crashing down!
Subscribe to:
Posts (Atom)