Equity Advantage 1031 Exchange

We have been featured on YouTube! The largest expense that you will ever have is your taxes... However, savvy real estate investors know how to pay less to the IRS and keep more money in their pockets.

In this video, Investor Sean Pan will show you how real estate investors can use our services to legally pay $0 in taxes!

1 year ago | [YT] | 1

Equity Advantage 1031 Exchange

Tom’s Tips 👏 Do your best to secure financing for a replacement property before relinquishing your sale property!

During the last twenty years I have seen my share of exchanges struggle to get financing for a variety of reasons. I have seen people lose their job or even quit their job while in the middle of a 1031. Obviously job loss is not controllable though I strongly encourage you to complete an exchange before putting yourself in a more difficult situation.

Today, more than ever it is critical to understand one’s finance situation before entering into an exchange. Getting a loan today often takes substantially longer and as exhibited in this month’s “Deal of the month” we find the loan to value requirements are much different than only a few short years ago…

When I was first learning to SCUBA dive I was taught to “plan the dive, dive the plan”. The same can be said about 1031 Exchanges, planning is essential!

1 year ago | [YT] | 2

Equity Advantage 1031 Exchange

Tom’s Tips 👏 Often our Exchange clients will acquire an investment property to be converted later into their primary residence...

Road Map: After years of use, the government ratified the process by placing a required minimum 5-year hold on a property acquired using 1031 and later converted to a primary residence. Though there is no required minimum time the property must be held for investment, if the property was converted to a residence and sold inside the 5-years then it was deemed a fully taxable sale. But even with the new holding period slowing the process it was still a very effective strategy.

The Housing Assistance Tax Act of 2008 included another modification to Section 121. The exclusion amounts apply only to the “qualified use” period. In other words the $250k/$500k exclusions would only apply to the gain attributable to the time the property was occupied as a primary residence. Again, we see the government closing the benefit the process offers.

Although today we have much greater restrictions on this strategy it can still prove quite beneficial. If you’d like the details of this process and it’s application to your situation please give us a call!

Thank you to Tom Moore of Equity Advantage for another round of #TomsTips 💸🎉

1 year ago | [YT] | 1

Equity Advantage 1031 Exchange

Tom’s Tips 👏 Because real estate investments tend to be profitable, many investors sell one piece of real estate only to reinvest into other real estate. Unfortunately, some investors fail to consider the sale of real estate may trigger payment of taxes…

The informed real estate investor will defer payment of taxes by utilizing the 1031 Exchange. But why exactly EXCHANGE?

1️⃣ Cash Flow: Exchange out of a property with little or negative cash flow into a new property with positive cash flow.

2️⃣ Better Investment: Exchange out of a property with little potential into property with better upside.

3️⃣ Less Management: Exchange rentals for raw land or for property that can be professionally managed.

4️⃣ Accomplish Goals: Exchange one large property into several for heirs.

For more tips stay tuned here!

1 year ago | [YT] | 1