IMPORTANT TAX RELIEF FOR DESTROYED PROPERTY

IMPORTANT TAX RELIEF FOR DESTROYED PROPERTY

For most investment property owners, conducting a §1031 exchange is a voluntary endeavor. They choose to sell an appreciated property and elect an exchange, to defer taxes on capital gains they otherwise would recognize upon sale. However, some folks are forced to...
LEAVE THE COW STATES FOR GREENER PASTURES

LEAVE THE COW STATES FOR GREENER PASTURES

There are more reasons to sell your West Coast properties than wildfires, blackouts and earthquakes (though these are compelling). Here are three motivators for relocating your real estate equity:  1. RECENT AND PROPOSED ANTI-LANDLORD LEGISLATION  In the COW states...
THE ROBOTS ARE COMING! (TO TAKE YOUR TENANTS’ JOBS)

THE ROBOTS ARE COMING! (TO TAKE YOUR TENANTS’ JOBS)

Yes, the robots are coming.  Not to wage war or enslave us in the Matrix, but to replace your tenants at their workplace.  According to willrobotstakemyjob.com, the 20 occupations with the highest automation risk are: [i]  20. Packaging and filling machine operators ...
GOVERNMENT IS TAKING YOUR RENTAL PROPERTY BIT BY BIT

GOVERNMENT IS TAKING YOUR RENTAL PROPERTY BIT BY BIT

If you live in a state that over-regulates rental property owners, whatever onerous requirements you are forced to comply with likely started out as a new rule in Sacramento, the state capital of California. That’s why it’s important to pay attention to California...
INSTALLMENT SALES NO SUBSTITUTE FOR 1031 EXCHANGES

INSTALLMENT SALES NO SUBSTITUTE FOR 1031 EXCHANGES

If you are considering selling your rental property, you may have heard that you can defer your capital-gains taxes by conducting an “installment sale” under §453 of the Internal Revenue Code. For example, if your buyer agrees to pay you in ten equal annual payments,...
THEY CALL IT SHELTER FOR A REASON

THEY CALL IT SHELTER FOR A REASON

As of mid-July this year, 24 major U.S. retailers had filed for bankruptcy, compared to 20 for all of 2019.[i] And 2019 was already a terrible year for retail. Recent casualties include J.C. Penney, Neiman Marcus and J.Crew.  Of course, these headlines neglect the...