"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation
Investment Real Estate >Investment Property Exchanges
When you buy an investment property, there are two important financial goals to consider. You will want a property capable of producing rental income. When you sell, you hope that the property will have appreciated enough that you will earn a good profit on your investment. If your property has enjoyed a healthy appreciation, you may need to do some careful planning to avoid paying out most of your profits in the form of capital gains taxes.
When selling your primary residence, you may be able to defer your capital gains taxes when you buy your next home. This does not apply, however, to investment property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On the other hand, if you arrange to trade one property for another, you may be able to defer the capital gains tax.
It is not as complicated as it sounds! Many real estate agents and attorneys specialize in helping their clients put these kind of transactions together. You don't have to trade buildings with the people buying your property. The property you trade may belong to a third party, and your buyers need only cooperate with the closing attorney to make the transaction work.
Pat Stewart-Johnson & "The Stewart Team" Greater Cleveland Northeast 7400 Center St. Mentor, OH 44060 Office: 440-255-0905 Voice Mail: 440-668-7151 Fax: 440-255-0906 Email: sales@stewartandstewart.com
To be the best in Real Estate or in any other endeavor in life, you must give 100%, have a genuine interest in people and their best interest, and believe that hard work and integrity go hand in hand. Pat Stewart-Johnson & The Stewart Team believe in these philosophies and have over twenty years of real estate experience. We have carefully selected a team of real estate professionals to help you quickly and effectively get the home that is perfect for you or sell your home for the highest price in the shortest amount of time.
www.StewartandStewart.com
is brought to you by The Stewart Team
NUMBER1EXPERT in real estate for Mentor, Concord and Chardon, Ohio
