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Author Archive for Ricky Novak
Written by Ricky Novak on September 12, 2011
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If you’ve been following along the past few days, I’ve been giving a primer course on 1031 exchanges. This common, but often misunderstood, tax code can help investors defer taxes from their real estate transactions. As more investors are profiting off of the foreclosures and…
Written by Ricky Novak on September 9, 2011
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A 1031 exchange is a common way for real estate investors to preserve the profits from their sales, but the complicated rules of Section 1031 of the IRS Code can confuse the most experienced of investors. As investors are again selling their properties at a…
Written by Ricky Novak on September 8, 2011
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Between 2002 and 2007, real estate investors and developers built tremendous wealth and preserved significant equity by using tax-deferred exchanges under Section 1031 of the IRS Code. Section 1031 exchanges became commonplace in most transactional real estate planning and resulted in exceptional tax-mitigation opportunities. During…
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