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Investment Real Estate >Investment Property Exchanges
When you buy an investment property, there are two important financial goals to consider. You will want a property capable of producing rental income. When you sell, you hope that the property will have appreciated enough that you will earn a good profit on your investment. If your property has enjoyed a healthy appreciation, you may need to do some careful planning to avoid paying out most of your profits in the form of capital gains taxes.
When selling your primary residence, you may be able to defer your capital gains taxes when you buy your next home. This does not apply, however, to investment property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On the other hand, if you arrange to trade one property for another, you may be able to defer the capital gains tax.
It is not as complicated as it sounds! Many real estate agents and attorneys specialize in helping their clients put these kind of transactions together. You don't have to trade buildings with the people buying your property. The property you trade may belong to a third party, and your buyers need only cooperate with the closing attorney to make the transaction work.
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| Q |
What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?
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| A |
Real Estate--it goes through cycles, but still has a long-term record of strong investment return. |
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Gardner Smith and Jill Oja Snake River Properties 1260 NW Street Wilson, WY 83014 307-690-4271 Fax: 307-733-3700 gardnertsmith@NUMBER1EXPERT.com
Gardner’s track record of success proves that Gardner T. Smith is a Jackson Hole real estate broker that never settles for business as usual. Committed to always providing the highest level of service, he will professionally and effectively guide you through all aspects of buying or selling a house.
Gardner came to Jackson Hole in 1989 from Woodstock, Vermont in the pursuit of the perfect ski season. His deep appreciation of the beauty and tranquility of the area inspired him to stay and make Jackson Hole home for his family. Gardner is involved in both the business and the non profit life of the community. He is active in the Jackson Hole Adaptive Sports chapter, Teton Science School, Journey’s School, Community Entry Services and School Board Committees. Gardner seventeen years in the building trade put his product knowledge second to none and after all isn’t it the knowledge that you’re looking for.
When Gardner is asked what he does he replies, “I match dreams to addresses.”

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