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Article on Sep 16, 2024

The Magic of 1031 Exchanges

How a New York man turned $500,000 into $3 Million (and kept the tax man at bay!) Folks sometimes ask...

Daniel Goodwin

Article on Sep 9, 2024

One Way to Stay Ahead of Inflation: Qualified Opportunity Funds

Learn the potential benefits of utilizing Qualified Opportunity Funds (QOFs) as a strategy to combat inflation within an investment portfolio. This article highlights how investing in QOFs can offer tax advantages and potentially hedge against inflation by diversifying one's investment portfolio.

Daniel Goodwin
Published by Kiplinger

Article on Sep 4, 2024

721 Exchange to Defer Taxes: Pros and Cons

A 721 exchange, also known as a UPREIT (Umbrella Partnership Real Estate Investment Trust) transaction, allows real estate owners to defer capital gains taxes by exchanging their property for operating partnership units in a REIT. Pros include tax deferral, diversification of real estate holdings, and potential for ongoing income. It can also provide estate planning benefits and relief from property management responsibilities.

Daniel Goodwin
Published by Kiplinger

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Common Questions

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Glossary Definitions

periodic rate cap

For an adjustable-rate mortgage, a limit on the amount that the interest rate can increase or decrease during any one adjustment period, regardless of how high or low the index might be.

periodic payment cap

For an adjustable-rate mortgage where the interest rate and the minimum payment amount fluctuate independently of one another, this is a limit on the amount that payments can increase or decrease during any one adjustment period.

payment change date

The date when a new monthly payment amount takes effect on an adjustable-rate mortgage (ARM) or a graduated-payment mortgage (GPM). Generally, the payment change date occurs in the month immediately after the interest rate adjustment date.

partial payment

A payment that is not sufficient to cover the scheduled monthly payment on a mortgage loan. Normally, a lender will not accept a partial payment, but in times of hardship you can make this request of the loan servicing collection department.

owner financing

A property purchase transaction in which the property seller provides all or part of the financing.

origination fee

On a government loan the loan origination fee is one percent of the loan amount, but additional points may be charged which are called “discount points.” One point equals one percent of the loan amount. On a conventional loan, the loan origination fee refers to the total number of points a borrower pays.

original principal balance

The total amount of principal owed on a mortgage before any payments are made.

notice of default

A formal written notice to a borrower that a default has occurred and that legal action may be taken.

no-points loan

Almost all lenders offer loans at “no points.” You will find the interest rate on a “no points” loan is approximately a quarter percent higher than on a loan where you pay one point.

note rate

The interest rate stated on a mortgage note.

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Helpful Articles

The Magic of 1031 Exchanges

One Way to Stay Ahead of Inflation: Qualified Opportunity Funds

721 Exchange to Defer Taxes: Pros and Cons

Common Questions

Learn Through Video

Glossary Definitions

(281) 466-4843

[email protected]

Book A Strategy Call

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The Woodlands, Texas 77380

Resources

Helpful Articles

The Magic of 1031 Exchanges

One Way to Stay Ahead of Inflation: Qualified Opportunity Funds

721 Exchange to Defer Taxes: Pros and Cons

Common Questions

Learn Through Video

Glossary Definitions

(281) 466-4843

[email protected]

Book A Strategy Call

25511 Budde Road, Suite 1002 The Woodlands, Texas 77380

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25511 Budde Road, Suite 1002
The Woodlands, Texas 77380