7-Eleven is a global convenience store chain, offering various products and services, including gas, cigarette, drinks, and snack sales in 20 countries. To operate 7-Eleven franchises profitably, franchisees must meet specific real estate requirements depending on factors like location. This expert analysis examines the 7-Eleven real estate requirements and lease rates for franchised stores. Below,...
There are many reasons an investor may wish to convert an investment property into a personal residence. If you no longer want to hold your 1031 exchange property as a rental property, you have options. As long as you abide by the Internal Revenue Code (IRC), converting investment property into a principal residence is not difficult. Before repurposing your investment property, contact a specialist in...
Have you ever wondered whether buying raw land with a 1031 exchange is possible? If so, you're not alone! Many people are interested in this option as an investment strategy. But what exactly is a 1031 exchange, and how can it help you purchase raw land? A 1031 exchange is a type of transaction that allows investors to defer their capital gains tax when replacing an investment property with a like-kind...
If you're an investor or property owner in a 1031 exchange, you know the importance of costs and expenses. Every property purchased will come with a whole range of expenditures, some normal and expected, and others completely unanticipated. From the purchase price to capital improvements, selling costs, and everything else, you need to know your numbers. When exchanging through a 1031 exchange, these...
Many real estate investors have second homes that they use for vacation or infrequent living. From beautiful chateaus on the beach to scenic mountain retreats, investment property in desirable areas can often incur large capital gains taxes upon sale. Fortunately, there may be ways around this. If you have an investment property as a second home that you’re thinking about selling, contact the...
Wondering whether a 1031 tax-deferred exchange would allow you to utilize your principal residence? Sadly, the IRS doesn't have a provision for doing a 1031 exchange on a primary residence. Investors can only use 1031 exchanges to defer the capital gains taxes owed on an investment or commercial property. However, the Internal Revenue Code (IRC) provides certain exceptions that can help homeowners benefit...
The 1031 Exchange is the perfect vehicle for investors looking to defer capital gains taxes while reinvesting in more profitable real property. Although the 1031 exchange 'swaps' investment properties only, there are additional ways in which an investor can get a major tax break. One of these ways includes having stocks, bonds, or partnership interests, in a portion of real estate. If you'd like to...
Ever wondered if it's possible to use a 1031 Exchange for new construction? The answer is yes! It can be done, but it requires careful planning and understanding of the process. The new construction project must be equal to or greater in value than the original investment property at the end of the construction and before the representative deeds it back to the original investor. In this case, the investor...
The 1031 Exchange is one of the most potent tax-advantaged tools available to investors and owners of real estate. A 1031 exchange or "like-kind exchange" is an investment strategy that allows people to sell a property and buy another similar asset from the proceeds of the first sale without paying capital gains taxes on the profits. To qualify for tax deferment, you must adhere to specific regulations...
A net lease in commercial properties is a contract where the tenant is responsible for paying all or a portion of the property's taxes, charges, and maintenance costs. Although most of the costs in a triple-net lease agreement are covered by the tenant, the landlord needs to stay on top of the accounting and accounting costs. In this blog post, we will go through the details of property accounting for NNN...