Your Guide to Real Estate Options
Real estate options and leases with purchase options can enhance your real estate investment profits. Here’s a concise guide to help you navigate the potential pitfalls and maximize your returns. Stand-Alone Purchase Option A stand-alone purchase option can be highly profitable. Here’s how it works: Lease with Option to Buy This approach offers several financial […]
Tax Deductions for Raw Land Investments
Purchasing raw (unimproved) land can be a great way to get into real estate investing. Raw land is ordinarily cheaper than land with buildings and other improvements. Moreover, you don’t have the expense of handling building maintenance and other upkeep, not to mention the headaches of dealing with tenants if you rent improved property. But […]
“Real Estate Investor” Vs. “Real Estate Dealer”
Great news! You can have both investor and dealer properties in your real estate portfolio. This distinction is significant for tax purposes. Here’s a snapshot of the potential tax differences between real estate investor and dealer properties: Suppose you profit $90,000 from a property sale: That’s a potential savings of $24,597 in taxes for investors! […]
Section 1031 Exchanges or Qualified Opportunity Zone Funds?
Have you sold, or are you planning to sell commercial or rental property? To avoid immediately paying capital gains tax on your profit, you have options: With a Section 1031 exchange, you sell your property and invest all the proceeds inanother like-kind replacement property of equal or greater value. With a qualified opportunity fund, you […]
Do You Own Rental Property? 15 Tax Deductions You Should Know About.
If you own rental property and receive rental income, there are certain expenses that you may qualify to deduct on your tax returns. Navigating the new tax laws and changes is particularly important for real estate investors. Emerald Tax & Accounting specializes in working with real estate investors, so if you own rental property, here […]