Thursday, January 10, 2019 / by Lacey France
A “1031 exchange” is the nickname used to discuss Section 1031 of the U.S. Internal Revenue Service’s tax code. This section states that if an individual exchanges one investment property for another via a 1031 exchange, they may be able to defer capital gains (or losses) that they would otherwise have to pay at time of sale.
Section 1031 applies to “property” beyond real estate, but many 1031 cases deal with buildings and land. We’ll only discuss 1031's in relation to real estate.
WHY IS A 1031 EXCHANGE IMPORTANT?
So why is a 1031 exchange important? It allows real estate investors to defer paying capital gains and potentially build wealth through real estate investing.
Think about it this way. If you buy a piece of real estate for $100,000 and then sell it for $500,000, you are subject to paying capital gains taxes on your $400,000 profit. From that $400,000, you would lose, say, $120,000 to capital gains taxes. With a 1031 ex ...
Monday, August 6, 2018 / by Lacey France
One of the best things about living in Portland Oregon, is the mind blowing hikes in and around the City. They range from incredibly challenging to blissfully soothing, and all hikes end with the peace of mind that only the great outdoors can offer.
The best thing about the arboretum is the limitless freedom of its dozens of paths offered to visitors. Some of the trails are wheelchair accessible.
Tryon Creek is a lush, wooded reminder of the thick vegetation that once cloaked the SW hills of the Portland Area. Walking paths, bike and horse trails are within the sprawling forest which is centered on a web of scenic creeks.
The most scenic and diverse trail with waterfalls, old growth groves and ruins of an eloquent old stone building, can be found right in the city.
The perfect place to catch the sunset on Mt Hood and a stellar spot for camping. The t ...
Tuesday, July 10, 2018 / by Lacey France
While Portland’s restaurants definitely take advantage of the nearby abundance of farms, orchards, and vineyards, many farms actually host their own dinners. There are also a few secret dining experiences that also bring the farm to the table, or the table to the farm. What better way to “eat local” than sitting down, family style, to a long table laden with food grown only steps away from where you sit?
Field & Vine hops about, hosting farm dinners around the region from March to December.
Outstanding In the Field travels around the word with stops in Oregon during July this year.
Plate & Pitchfork is an adventurous evening that begins with a farm tour.
The Side Yard is a monthly communal table urban farm supper club in NE Portland.
Our Table in the Field is the farm dinner serie ...
Thursday, January 18, 2018 / by Peter Clark
January 18, 2018 by jonkurahara
Are you a renter that has become tired of paying someone else’s mortgage and not building any equity? Or a homeowner who has a growing family and is in need of more space? Whatever the case, if you are in the market for a new home there is no time like the present. Let’s explore a few tips that will help you to prepare for the home buying experience.
Tip #1: Prepare For A Busy Spring Season
First, it should be pretty obvious that you aren’t the only house hunter on the market. Other local individuals and families alike will be searching for a new house to call their own. As you may know, the spring is generally when the local real estate market starts to heat up. So, if you are looking to buy, you may want to address your needs earlier in the spring rather than later. The sooner you can get the paperwork signed, the less of a chance you end up in a bidding war.
Tip #2: Mortgage Rates May Be Trending Up
While this ...
Thursday, December 28, 2017 / by Katie Gallo
10 Housing and Mortgage Trends to Watch for in 2018
The housing picture is likely to improve in 2018:
Home prices are expected to climb, but not as fast
More houses could be for sale toward the end of the year, giving home buyers a greater selection to choose from
Homeowners will have more equity to borrow from
Yet in other ways, 2018 might continue to be challenging, especially for home buyers. Mortgage rates are likely to rise, reducing affordability.
Here are 10 housing and mortgage trends to expect in 2018.
1. Home prices decelerate
Good news for first-time home buyers: Home-price appreciation is expected to cool down in 2018 after a torrid couple of years.
Home prices rose 6.3% in 2016, according to the Federal Housing Finance Agency. They’re on track to exceed 6% in 2017, too. But for next year, the median forecast among six industry and lender groups is for a 4.1% increase in existing h ...