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4 Important Things to Know if You’re Considering a 1031 Exchange

Anyone trying to sell an investment property and buy a new one for a similar price should consider the benefits of a 1031 exchange. The primary advantage is that you won’t have to pay capital gains tax on the sale of your current property, which as you know can add up to a pretty big sum of money when you’re dealing with large commercial properties. The exchange also provides other write-offs and gives you even more incentive to find a worthy replacement property. Although the benefits of a 1031 exchange are obvious to anyone who knows about the process, some…

5 Personal Benefits You Will Gain from Becoming an Accountant

Becoming an accountant can be done in several ways depending on who you know and how lucky you are. Most people choose to go to university to study accountancy on campus, whereas some opt for an online MSA program to obtain their master of science in accounting online. Whatever route you choose to go down to obtain your degree, you can be sure becoming an accountant in the future will provide many personal benefits, and some of those benefits are outlined below. You Will Be Able to Better Your Personal Skills As an accountant, you will be working closely with…

Will the bulls or bears rule the markets in 2017?

As someone who is trying to turn their life savings into long-lasting wealth, the question of where the S&P is going to go in the quarters ahead is most definitely on your mind. With the current administration in office, it feels like stocks could go either up or down in 2017. However, there are a number of signs that people should heed, as they will signal a movement in one direction more than the other. Investors like Larry Polhill are constantly putting out feelers for these indicators, as he has been an avid trader for many years. Like you, he…

What’s an acceptable amount of Debt?

Photo via Pixabay.com It’s hard to give an exact figure when we ask how much debt is a reasonable amount of debt to have. Of course, it depends on so many things, such as the stage of life you’re at, your salary, your outgoings, and so on. Investopedia suggests that a good rule-of-thumb to calculate a reasonable debt load is the 28/36 Rule. The rule suggests that households should spend no more than 28% of their total income on housing expenses (this would include things like mortgage payments, home insurance, and so on), and a maximum of 36% on total…

Use tax Break for Philanthropy

Who does not love paying lower taxes? While cheating on paying taxes is a federal crime, there are ways one can legally lower the amount of taxes paid to the government. 170 Exchange transactions, commonly known as Bargain Sales, are usually used to receive immediate tax savings from the disposition of under-utilized commercial assets. The Welfont Group, a boutique commercial brokerage firm that focuses on acquiring depressed commercial real estate properties, is a seasoned professional when it comes to smoothly executing the 170 Exchange, as approved by the Internal Revenue Code (IRC). How the Welfont Group Finances the Mercy Foundation’s…

Five Tips to Refinance a Loan after Bankruptcy

Nobody expects to have to declare bankrupt at some point in their life. However, it happens. This may feel like your financial life is over for good, it isn’t actually the end of the world. What you have to learn is how you can live with the new financial rules that will be imposed on you for a period of time. This also means that if you are considering refinancing your auto loan, you need to do it properly. Issues with Bankruptcy When people declare bankrupt, they usually can no longer get credit cards or other loans. This is a…

Welfont Reviews – Things to know about buying distressed property

If you are thinking about in investing in real estate, buying a distressed property is a great way to go if you have some patience – even better if you have some cash on hand as many distressed properties are cash deals. There are some definite advantages to buying distressed properties but there are some things to be aware of as well. If you are considering this option you should be sure to talk to a professional like Welfont Reviews. In the meantime, here are some things to bear in mind. Costs When talking about distressed properties, the first thing…

Creative Jobs for Creative Thinkers

In an ideal world everyone would be working in a profession that they loved, a job that they couldn’t wait to get up for and a job that matched their characteristics. Unfortunately we don’t live in that world and many people are wasting away in jobs that they don’t like or enjoy. If you are of the age when you are deciding upon a career it is important that you avoid this awful fate and seek a job which you are going to love. Today we are going to take a look at jobs for the most creative minds among…

Top Tips on How to Work With Debt Collection Agencies

There are thousands of people out there who are living underneath a mountain of debt, debt that is unmanageable and debt that they are struggling to get out from under. If you are in a similar situation then there is help out there for you. Laws have changed a lot in recent years as a result of companies pushing debt on to people who couldn’t afford it and as such there are now ways and means to pay off your debts gradually through collections agencies. Debt collection companies strike up images of angry looking men knocking on your door, this…

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