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What Are Qualified Opportunity Zones? - Provident 1031

Article on Jun 11, 2023

What Are Qualified Opportunity Zones? Important Details for Investors

Investing in blighted or up-and-coming “opportunity zones” offers some significant tax-deferral opportunities, and if you hold your investment for 10...

Daniel Goodwin
Published by Kiplinger

Article on May 28, 2023

Pros and Cons of Deferring Taxes with A 721 Exchange

A 721 exchange, or UPREIT, can be a great tax mitigation strategy for investors, though not everyone is suited to them.

Daniel Goodwin
Published by Kiplinger

Article on May 2, 2023

Opportunity Zones and Inflation: What Investors Want To Know

Given the backdrop of inflation, rising interest rates and a possible recession in 2023, what can opportunity zones do for...

Daniel Goodwin
Published by Kiplinger

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Common Questions

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Glossary Definitions

loan servicing

After you obtain a loan, the company you make the payments to is “servicing” your loan. They process payments, send statements, manage the escrow/impound account, provide collection efforts on delinquent loans, ensure that insurance and property taxes are made on the property, handle pay-offs and assumptions, and provide a variety of other services.

loan origination

How a lender refers to the process of obtaining new loans.

loan officer

Also referred to by a variety of other terms, such as lender, loan representative, loan “rep,” account executive, and others. The loan officer serves several functions and has various responsibilities: they solicit loans, they are the representative of the lending institution, and they represent the borrower to the lending institution.

loan

A sum of borrowed money (principal) that is generally repaid with interest.

liquid asset

A cash asset or an asset that is easily converted into cash.

line of credit

An agreement by a commercial bank or other financial institution to extend credit up to a certain amount for a certain time to a specified borrower.

life cap

For an adjustable-rate mortgage (ARM), a limit on the amount that the enterest rate can increase or decrease over the life of the mortgage.

lien

A legal claim against a property that must be paid off when the property is sold. A mortgage or first trust deed is considered a lien.

liability insurance

Insurance coverage that offers protection against claims alleging that a property owner’s negligence or inappropriate action resulted in bodily injury or property damage to another party. It is usually part of a homeowner’s insurance policy.

liabilities

A person’s financial obligations. Liabilities include long-term and short-term debt, as well as any other amounts that are owed to others.

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Helpful Articles

What Are Qualified Opportunity Zones? Important Details for Investors

Pros and Cons of Deferring Taxes with A 721 Exchange

Opportunity Zones and Inflation: What Investors Want To Know

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

Resources

Helpful Articles

What Are Qualified Opportunity Zones? Important Details for Investors

Pros and Cons of Deferring Taxes with A 721 Exchange

Opportunity Zones and Inflation: What Investors Want To Know

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