What Is a 1031 Exchange?

While a 1031 exchange (also called a like-kind exchange or a Starker) encompasses many different components, the short answer is that it is a way for people to buy and sell investment type properties in order to defer income tax on the financial gain of the property.

For many, this is known as the ultimate tax shelter when it comes to buying and selling real estate investments. While this is a beneficial vehicle for many, 1031 exchanges do not work for everyone.

An in-depth conversation with your tax advisor and attorney should be able to determine whether a 1031 exchange will work for you. There are many things to consider like your current tax profile and other financial transactions that you have taking place. In some

The mornings here in the area are beginning to get a little cooler and so are the sales prices of homes sold in the Boise real estate market in August. We saw a total of 410 homes sold in August, 2015. Compare this number to the 355 homes that were sold this same time last year we are looking at a small increase of 15.5%. Seasonal- this number seems on par with summer coming to a close and school starting here mid-month.

The median sales price of homes here in Boise was $199,500. In August of last year, our median sales price was $190,000 so overall we are looking at a 5% increase which is what we have been seeing so far this year. Median price per square foot is currently running at $125.00. Now if you compare August’s median sold price versus

Recently, I drove by a duplex in my area. One side had caught on fire and the damage was pretty substantial. Not only was the building a mess but all the tenants personal property was destroyed. Smoke damaged belongings were just piled up in the yard. When you see something like this it makes you think about two things. Whether or not everyone made it out OK and how horrible to have something like that happen.

Fires happen and other natural disasters happen, all the time. If you’re living in a rental be it a duplex, apartment or a single family home, you trust that something like this won’t happen but sometimes it does. If you’re a renter you need to protect yourself and your belongings, you need renters insurance.

Renters insurance is known