Let’s face it: active management is a challenge. Although often considered a passive investment, owning rental properties requires a lot of attention, time, and yes, money. Facing the terrible Ts — Tenants, Toilets, Trash, Turmoil, Termites!
Let’s face it: active management is a challenge. Although often considered a passive investment, owning rental properties requires a lot of attention, time, and yes, money. Facing the terrible Ts — Tenants, Toilets, Trash, Turmoil, Termites!
Savvy real estate investors know about the 1031 Exchange. This swap of one real estate investment property for another is a part of the tax code — it gets its name from section 1031 of the Internal Revenue Code (IRC). A 1031 Exchange is a powerful tool for landlords and other real estate investors: when an investor wants to sell an appreciated property and buy another, it can cause capital gains taxes to be realized.