Category: Spotlight Content

Advice/Keys to Success: Challenging yourself will build confidence.  As a woman in this industry, being confident is just as important as being competent.  Push yourself towards challenging projects and use what you’ve learned from each project to make decisions confidently.

Advice/Keys to Success: It’s all about your team! Work can be challenging but it doesn’t have to be unpleasant. Assemble a team with whom you enjoy working and who will support each other. It’s also important to remember that you cannot be an expert in everything, so find trusted advisors who will help you. Stay humble and self-aware.

Why the A/E/C Industry? I had always favored the math and science growing up. In high school I took an introduction to architecture and engineering class that I really enjoyed. From there I decided to major in civil engineering at Northeastern University. I did a co-op at an electrical contracting company and have been interested in construction and development ever since. 

Advice/Keys to Success: The keys to success begin with setting clear goals backed by a solid plan for how to achieve them. Developing a support network and recognizing where you need assistance are critical to achieving those goals.

In my 25 years as a financial advisor I have been asked by many clients how to sell investment real estate without paying a high tax bill. Today’s top tax capital gains bracket is 23.8%, including the 3.8% tax from the Affordable Healthcare, which may be repealed this year.

Do you have a second home or vacation home that you are thinking of selling? Did you know that you may be able to defer 100% of your capital gains tax from the sale of the property? 

Use your tools! The message that this article hopes to convey to active real estate investors is that reflexively relying on deferred 1031 exchanges to accomplish important objectives may not be the best use of well-understood tools that are available and dependable.

When an investor sells real estate, that is held for business or investment purpose and has appreciated in value, they will most likely incur a capital gain. The profit on the sale of this property is usually taxed at both the federal and state levels. 

The IRS provides tax benefits for the sale of real estate classified as either your primary residence (IRC 121) or investment property (IRC 1031). But what about vacation homes?

It is never too early to prepare for a 1031 exchange. There are many options that should be considered when planning for an exchange. Advance planning can help the process go smoother and provide better results for the exchanger.