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🏡 How to Use a 1031 Exchange to Buy a New Investment Property and Defer Taxes 💸
If you sell your $500,000 rental property and buy a new one for $650,000, a 1031 Exchange lets you defer taxes on the $150,000 profit. Reinvest that amount into your new property, and avoid paying taxes on your gain!…
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🏡 Wondering How Prop 13 Affects Your Taxes When You Buy a New Home? 📉
If you purchase a new home for $600,000, your property taxes will be $6,750 per year, based on a 1.125% tax rate. Thanks to Prop 13, your taxes are calculated based on the…
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Save on Taxes with a 1031 Exchange 💸
🏡 Sell Your Investment Property and Upgrade—Save on Taxes with a 1031 Exchange 💸 Say you sell your $450,000 rental property and buy a new one for $600,000. With a 1031 Exchange, you can defer paying taxes…
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🏠 Invest in Real Estate and Save on Taxes with a 1031 Exchange 💸
Say you sell your $300,000 rental property and buy a new one for $400,000. With a 1031 Exchange, you can defer taxes on the $100,000 profit. Instead of paying taxes, reinvest that amount into your new property! 📉…