Borrowing from Your Retirement for an Investment Property
If you have a 401(k) or IRA, you may have a valuable resource at your disposal to fund an investment property. Here’s how to utilize your retirement, as well as the risks and benefits associated with this strategy. 1. Understand the Rules and Regulations Before considering borrowing from your 401(k) or IRA for an investment […]
All About 1031 Exchanges
How would you like to buy another property and not pay any taxes? A 1031 exchange, allows real estate investors to delay paying taxes on the sale of an investment property. This is done by reinvesting the proceeds into a similar property. A 1031 exchange is also called a like-kind exchange or a tax-deferred exchange. […]
What Services Should an Owner Provide?
Determining which services you should cover for tenants is a crucial part of owning investment property. Most tenants will be more likely to rent if there is less upkeep that they need to take care of themselves. They may even be willing to pay more rent if things like cable, internet, and lawn service are […]