Buyers’ Corner

If you sell an investment property, you may owe taxes to the IRS. The property could be a house, duplex, commercial building, apartment, or raw land. Can you "defer" the taxes due when you sell? Yes, through a 1031 Exchange.  Investors who...

When you already own a home & it's time to move, what is the best way to go about it? Should you sell your current house first? Should you buy the new house first?  Do you need your equity in your...

The answer is MAYBE. When a property owner sells a real estate investment, typically, income taxes are due. There are two exceptions. 1) If you lived in the rental house for two out of the last five years, you might not owe income taxes.  2)...