If you’re a real estate investor, you’ve likely heard of the 1031 exchange—a tax-deferred strategy that allows you to sell investment property and reinvest the proceeds into another property without immediately paying capital gains taxes. What you may not know is how Delaware Statutory Trusts (DSTs) can add flexibility, diversification, and passive income potential to … Read more
If you’re a real estate investor, you’ve likely heard of the 1031 exchange—a tax-deferred strategy that allows you to sell investment property and reinvest the proceeds into another property without immediately paying capital gains taxes. This powerful tool, named after Section 1031 of the IRS Code, is a game-changer for building long-term wealth. Here’s everything … Read more
For those looking to grow their retirement savings tax-free, the Roth IRA is often a go-to option. However, if your income exceeds certain limits, you may not be eligible to contribute directly to a Roth IRA. Fortunately, there’s a legal workaround known as the Backdoor Roth IRA that allows high earners to take advantage of … Read more
As I was playing Monopoly with my son, I realized there are some profound life and money lessons that can be learned. I used to play with my twin brother when I was young, but I see it so differently now after working as a real estate agent for almost a decade. First, let me … Read more
How do you invest your money? Some people have been asking me how I invest and how they should invest their money. I’ll admit that I haven’t been totally transparent about my investments. I just put a number that represents the total of our investments in my monthly updates. Related: April 2017 Goal Progress: Update … Read more
The Rule of 72 is an easy way to determine how long it takes for an investment to double given a fixed annual rate of interest. It works like this: The number of years it takes to double your investment = 72 divided by the annual rate of return For example, if you wanted to figure out … Read more