November 7th, 2006 categories: 1031 Exchange, Investor, Real Estate, Real Estate Tips
There are two things in life you can’t avoid…DEATH and TAXES.
Savvy investors have been able to avoid taxes when utilizing a 1031 Exchange. Every homeowner, when living in their primary residence for 2 out of 5 years has been able to avoid capital gains tax at least for the maximum per person which is $250,000 for each spouse (Section 121).
Let’s take this scenario which is feasible considering how many homeowners have paid off their homes…For instance if you have a home that sells for $600,000 and you and your spouse have lived in the house for over 2 years, you each get to keep $250,000 a piece for a total of $500,000 tax free, leaving $100,000 which would be taxed on capital gains of approximately $25,000.
| Discussion: 12 Comments »
October 21st, 2006 categories: 1031 Exchange, 1st Time Buyer, Home Buyer, Real Estate, Real Estate Tips, Realtor, Relocating, Sacramento
Home Buyers, the ball is in YOUR court!
Real Estate has never been better to purchase a home. This is your time! There are countless numbers of homes on the market right now and Sellers are anxious to negotiate. There is no need to worry or postpone buying your home. This is the best time for you and the odds are in your favor that you will find the best home, get the best price that you are willing to offer with the best terms.
| Discussion: 16 Comments »
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