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A properly structured transaction that allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes.
The 1031 Exchange sounds simple, but entails specific steps to qualify. Here’s a quick primer from NerdWallet and if you’re doing one I encourage you to find an expert sooner rather than later.
Your 1031 Primer
The owners and union only messed up a little bit – shocking I know – and we’ll have a baseball season after all. For those needing a primer on what’s in store I recommend this from ESPN:
Get the MLB Preview
Book a vacation. You’ve earned it after the past couple years.
Here’s a take on the beer industry I wasn’t expecting since there seems to be more brands and types these days than ever.
Is Bigger Always Better?
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QUOTE OF THE MONTH:
“You have to have confidence in your vision or else no one else will trust in it.”
Why I do this: For the past two decades, I’ve lived at the crosshairs of entrepreneurship, M&A deals, business plans and startups. I often say I’m the happiest guy in every deal, because I know that when experts come together, the results can be exceptional. This experience led me to create Ritvest, a family-run investment group with a focus on people and communities built to endure and thrive over time. Thank you for allowing me to share a little part of myself and the products, people and places I believe in with you here every month. Let’s build something great together.
Disclaimer: Ritvest on the 10s is the product of Eric Ritvo and Ritvest. It is not investing advice. Heck, it is not any advice. It is stuff I put together and then lives on my website. This is barely marketing. Ritvest was founded with an abundance mentality, the ability to pick and choose and working with people we like. This is not an advertisement for anything other than connecting with me.
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