As our dreams are to retire young, every dollar has to be stretched to the fullest. I evaluate my portfolio every three to six months to make sure I am not missing any opportunities. When conditions change in the housing market, in the municipality, or even in the structure itself, there are times when holding on to a specific property stops making sense.… Read More »

It is called a like-kind exchange under Internal Revenue Code, Section 1031, “when you exchange real property used for business or held as an investment solely for other business or investment property that is the same type or ‘like-kind’.” Under this rule, you are allowed to defer the taxes that you owe on the sale of the first property. This means that you can sell one rental property in order to invest those earnings in… Read More »