Real Estate

Now it is time to visit the apartments. You may want to call and make an appointment with the leasing agent. If you make an appointment, it is less likely you will have to wait when you arrive at the property.

Despite a turbulent few years Bulgaria is still a bright property investment prospect, but the market should be approached with caution.

The basis of a successful 1031 tax exchange is formal non-recognition of gain. For the gain to be officially unrecognized, however, the IRS requires that you (as the exchanger) never take possession of the proceeds from your sale. The use of a qualified intermediary makes non-recognition of gain possible because that qualified intermediary holds the proceeds from the sale of your relinquished property before they are used to purchase your intended replacement property. To put it simply, a qualified intermediary is a required part of any 1031 exchange.

Considering a 1031 tax exchange for your next real estate transaction? If so, you’re already on the right track: a 1031 exchange represents a great opportunity for real estate investors to temporarily defer payment of capital gains taxes on their investments. The legal 1031 tax exchange has helped many investors rapidly grow the value of their holdings and keep control of their tax obligations. If you’re new to the 1031 exchange process, however, it is important to understand an important concept: the qualified intermediary.

One key person you’ll need on your team is a reliable tax professional. Why? Simple. A 1031 tax exchange is a procedure designed to take advantage of specially written language in the U.S. tax code. 1031 exchange transactions, then, have very specific tax consequences for your business both at the time of the exchange and later on down the road when you eventually engage in a standard taxable real estate transaction.

In these credit-crunch times, it’s good to know that there are still pockets of France where cash-strapped property buyers can get value for money. You may have to travel that little bit further, or sacrifice the sea view, but step off the beaten track and there are some amazing property deals to be done. Prepare to be pleasantly surprised.

the Arizona MLS and Phoenix MLS searches have been steady. "I've been seeing an increase in first-time buyers - people who have saved their money and ridden through the wave of escalating prices," said agent Dru Bloomfield. Another agent John Wake said his calls from interested Phoenix MLS buyers have doubled recently. Agent Don Matheson adds, "Anything that's priced right is definitely moving."

An August 2008 Phoenix MLS study commissioned by the WAV Group found that the most popular consumer real estate search engines (like Google and Yahoo) only provide home buyers with 8% of the available market, often including out-of-date or inaccurate information. By contrast, the most accurate and timely information can be found using the Arizona MLS system.

One way that taxes and 1031 exchange transactions collide is when it comes to the idea of basis. For your purposes as an investor, specific questions about how basis will affect your 1031 exchange are definitely best left to your tax professional. It’s also important, however, that you put some time and energy towards ensuring that you have a basic understanding of how the idea of basis can affect your 1031 tax exchange so that you are not caught off-guard by the issues at hand.

When it comes to 1031 tax exchange transactions, there are many details to keep in mind. From time limits to replacement properties to qualified intermediaries, there are many details to track from start to finish. The 1031 exchange transactions are not difficult – but they do come hand-in-hand with plenty of details that have to be carefully managed.