How Does a 1031 Exchange Work?
A 1031 exchange is a process used in real estate in which one investment property is swapped for another. Through this process, capital gains taxes—which are taxes incurred when an investment is sold—are deferred.
A 1031 exchange is a process used in real estate in which one investment property is swapped for another. Through this process, capital gains taxes—which are taxes incurred when an investment is sold—are deferred.
Over the past year and a half, record-breaking interest rates—slashed by the Federal Reserve to stimulate the economy—have remained low with some fluctuation. Many prospective homebuyers and homeowners who are interested in refinancing their mortgage are likely wondering if the low rates will persist and whether now is the right time to take advantage of the low rates.
Community banks are threaded into the local economy of many towns in the country. By serving the local residents and businesses with necessary financial services, community banks help them get ahead in their corner of the world.
Whether you’re a business or a broker working in conjunction with a business, finding the right commercial real estate loan is almost always required if the business plans to expand or renovate. Commercial real estate loans function similarly to real estate loans, in that the loan requires a down payment and is typically paid off over a period of time, and interest rates can vary depending on the type of loan.
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