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Investment Real Estate >Investment Property Exchanges
When you buy an investment property, there are two important financial goals to consider. You will want a property capable of producing rental income. When you sell, you hope that the property will have appreciated enough that you will earn a good profit on your investment. If your property has enjoyed a healthy appreciation, you may need to do some careful planning to avoid paying out most of your profits in the form of capital gains taxes.
When selling your primary residence, you may be able to defer your capital gains taxes when you buy your next home. This does not apply, however, to investment property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On the other hand, if you arrange to trade one property for another, you may be able to defer the capital gains tax.
It is not as complicated as it sounds! Many real estate agents and attorneys specialize in helping their clients put these kind of transactions together. You don't have to trade buildings with the people buying your property. The property you trade may belong to a third party, and your buyers need only cooperate with the closing attorney to make the transaction work.
What building has the largest windows in the world?
A
The Palace of Industry and Technology in Paris, France has three matching windows, each 715 feet high and 164 feet wide and comprised of multiple panes of glass.
Miriam Bernstein, ABR, CRS, GRI, ePro RE/MAX Prime Properties 696 White Plains Road Scarsdale, New York 10583 Direct: 877-881-0626 Cell: 914-907-1922 Fax: 914-290-4647 SKYPE: Miriam642 Email: miriam@miriambernstein.com
I have been a full time REALTOR for the past 14 years. I have continued my education and have earned the Certified Residential Specialist, Accredited Buyer's Representative, Senior Real Estate Specialist, New Home Specialist, e-Pro Internet Specialist and the Graduate, Realtor Institute designations. Please check out my site, my credentials on line and call, no obligation, no pressure, I promise.
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