Rent vs Buy: Real Estate

Rent vs Buy: Real Estate

When it is time to move out and find a new home, you may ask yourself, “Should I rent, or should I buy?” There are many factors that should be considered when answering this question. Three considerations that are most important in the rent vs buy analysis are the following: Finances Time Freedom Finances: Initial[…]

Homeowners Insurance

Homeowners Insurance

Homeowners insurance is a must for all homeowners. As you might imagine, there are several items that are covered under a typical policy. For instance, most insurance policies will cover: Fire Theft Vandalism Falling objects Heater or cooling system explosion Water pipe failure Artificially generated electrical current Riots Homeowners insurance policies will never cover bodily[…]

Location, Location, Location

Location, Location, Location

We have all heard the old adage when it comes to real estate, “location, location, location.” On first glance it may seem intuitive that you want to purchase a home in the best location. Everyone dreams about having a home on the beach or a ski-in/ski-out home at a popular ski resort. Obviously these locations[…]

Like-Kind Exchange

Like-Kind Exchange

A like-kind exchange is a nontaxable exchange, which means a gain is not recognized and a loss cannot be deducted. This is an amazing way to roll a profitable real estate investment into the purchase of an alternate real property. The IRS under publication Publication 544 explains that the real property must be an investment[…]