An investment is any action you can take with your money, in hopes that it will bring you a greater return on your money. The investment could be in stocks, bonds, real estate, retirement plans, or even collectibles. Learn here about different types of investments and how to deal with taxes, brokers, and more when it comes to your investments.
Use 1031 Exchange To Defer Capital Gains Tax
When you sell your current investment property and purchase another property that costs at least as much, you can defer all capital gains tax if you use a 1031 exchange. A 1031 exchange offers tax-free real estate transactions, but there are some important rules to keep in mind.
Calculating Home Remodeling Costs
Home remodeling is a complex undertaking. How much will your home remodeling costs be? Will home improvement help your home appreciate in value when it's time to sell?
Reverse Mortgage May Help In Retirement
When you're in retirement you want a consistent, stable flow of income such as from a certificate of deposit. What should you do if your CD's rate of return can't match the income you need? You could move the money into a Roth IRA. But changing over to a Roth IRA may cause funds to be taxed at a higher amount than what would otherwise be paid on a year to year basis. Another alternative is a reverse mortgage.
Saving With Multiple IRA Accounts
You are allowed to save for retirement with multiple kinds of retirement accounts. You can have your 401(k) and you can also open up a Roth IRA. It is also possible to have more than one of the same types of IRA account but in different investment firms. Keep your retirement accounts and don't dip into them for other things like a down payment on a home.
Green Home and Office Design: A Good Investment
Building and designing green homes and offices is a good investment. Not only does designing green homes and offices save money, but it's also good for the environment. There are many marketing and insurance incentives for companies to design green homes and offices.
Where To Start With Investments In Empty Lots
A buyer is interested in investing in empty lots. By purchasing a vacant lot, a buyer is betting the value of the neighborhood will rise and the land will sell for a big payoff. Visiting to the local building department to determine the type of building that can be built and any potential zoning changes is a good place to start if you're looking to purchase empty lots.
Is Buying Condo For Son An Investment Property?
A parent helps out a son with the down payment on a condominium. Learn why one should avoid making this an investment property and how to plan for the condominium in the estate.
Making the Most of Real Estate Investments
With real estate investments, you need to evaluate your options and time the sales appropriately to make the most of your investments. Will the property continue to appreciate? What do you want to do with the money? Will you ever make the investment property your primary residence?
Rental Property Owners Need Real Estate Attorney To Protect Investments, Limit Liability
Owners of rental property should consult and retain a good real estate attorney to protect their investments and limit liability. There are multiple avenues rental property owners can use to find a real estate attorney to help protect investments and limit liability. Calling your local bar association is the best way to find a real estate attorney, protect your investment, and limit the liability that comes with owning rental property.
Avoiding Capital Gains Tax on Condo Sale
A condo owner makes money on the sale of his condominium but still needs to pay taxes. He never lived in the investment property and it is considered a short-term investment. Short-term investments fall under the maximum tax rate. With other kinds of investment property, you may be able to avoid capital gains tax with a 1031 exchange or a Starker Trust