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January 2022 – Page 2 – Lilypads Ads Studio

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Month: January 2022

Like-kind property definition in a 1031 exchange

definition of a like-kind property

When an investor sells a property for a profit, the gain on sale is subject to capital gains taxes. To defer taxes on a capital gain, many investors choose to reinvest their sales proceeds in a new like-kind property in a 1031 Exchange. This article by Lilypads focuses on the like-kind property definition in a… Continue reading Like-kind property definition in a 1031 exchange

Pros and cons of fix and flip real estate strategy

pros and cons of fixing and flipping