June 2019

Found 2 blog entries for June 2019.

How Does a 1031 Exchange Work?The 1031 exchange is a loophole for property owners or real estate investors to avoid paying capital gains when selling their property. It's a complicated maneuver to pull off, but essentially involves purchasing a new property that's close to the same value of the property being sold. It's not available for primary residences but can be used for vacation or secondary homes. See how it works and which sales benefit most from the 1031 exchange.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

How It Works

This rule is defined by the tax code as the purchase of a new piece of real estate property that is similar in value to the real estate property being sold. Under

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Garage Organization Tips for HomeownersWith the right organizational techniques, the garage can act as a functional workspace and storage room. Homeowners must overhaul their entire garage to achieve this goal, however. Although the process is time-consuming and tedious, the outcome can provide a lifetime of benefits. Here are a few DIY steps homeowners can follow to transform their garage into a truly organized space.

Start By Making a Rough Sketch

By drawing up a rough sketch, homeowners can plan the overall layout of their organized garage. They should include the location of all major toolboxes, workbenches and other large items to start. From there, they can plan where to put the shelves, drawers and other organizational elements to complete the design.

Find the Right

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