TAX DEFERRED (1031) EXCHANGES A GENERAL SUMMARY FOR INFORMATION PURPOSES ONLY The so-called “ten-thirty-one exchange” (1031 refers to the controlling section of the IRS Code) was designed and is administered for the purpose of delaying the payment of any taxes on capital gains as long as the principal(s) involved observe certain rules and time-lines. No […]
A great investment opportunity for a fixer upper that definitely needs TLC. This is a 3 bedroom 1 bath home with an attached garage. This is a fantastic opportunity for someone that wants to fix up a home in the desirable city of Hacienda Heights. Call 714-989-6040 for more information. Price: $255,000 Bedroom: 3 Bathroom: […]
FHA and Fannie – Pushing Foreclosure Sales Starting today home “Flippers” are now welcome at the FHA. That’s right, with a glut of foreclosures plaguing the nation’s neighborhoods, the FHA is temporarily removing restrictions on investors who buy and sell homes within 90 days. It’s just for one year…