Found 2 blog entries tagged as investment property.

What Is a 1031 Exchange and Why Is It Important?

A “1031 exchange” is the nickname used to discuss Section 1031 of the U.S. Internal Revenue Service’s tax code. This section states that if an individual exchanges one investment property for another via a 1031 exchange, they may be able to defer capital gains (or losses) that they would otherwise have to pay at time of sale.

Section 1031 applies to “property” beyond real estate, but many 1031 cases deal with buildings and land. We’ll only discuss 1031s in relation to real estate.

WHY IS A 1031 EXCHANGE IMPORTANT?

So why is a 1031 exchange important? It allows real estate investors to defer paying capital gains and potentially build wealth through real estate investing.

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Today's crush is a little different than what we normally pick, but I just couldn't resist. It's a great starter home or investment property. This gorgeous 1 acre lot home is clean and has so much potential. My creative eye has so many ideas already...for both inside and out. 

What else:

  • 3 bedrooms and 1 bath in this adorable cottage
  • the front porch...
  • close to downtown Ridgeland 
  • easy to get to downtown Beaufort and Savannah and to the Bluffton/Hilton Head area
  • amazing 1 acre wooded lot
  • new hvac and floors
  • fresh paint
  • move right in while you decide what you want to do to make this your own

I can't wait for you to see this place. It is perfect! Let's go.

707 Mitchellville Road l Ridgeland

$89,900

 

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