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Use IRS Code 1031 to defer paying taxes on real estate capital gains of investment property
Bank lending to consumers and buinesses is slowing down. As of last week, commercial and industrial lending had not increased since September 2016, the first six-month period of declines since the aftermath of the financial crisis
You can defer paying taxes on realized gains on the sale of investment property by utilizing IRS code 1031 (common known as a 1031 like-kind exchange)
The Department of Housing and Urban Development announced it suspended the reduction of Mortgage Insurance Premiums, effective immediately
You can quickly calculate the number of years it will take for your real estate investment to double in value by dividing the annual % growth rate by 72: # years to double in value = 72/Rate of Growth.
For example:
At an 8% annual growth rate, your real estate investment will double in about 9 years (72/8=9)
At an 12% annual growth rate, your real estate investment will double in about 6 years (72/12=6)
At an 24% annual growth rate, your real estate investment will double in about 3 years (72/24=3)
Newark recently began expansion of Riverfront Park along the Passaic River.
