Day: April 6, 2024
Overview of 1031 Tax Deferred Exchange
1031 Tax Deferred Exchange A 1031 Tax-Deferred Exchange is a transaction that allows property owners to preserve the full value of their investment property. A 1031 Exchange allows owners who decide to dispose of their investment properties, to do so and avoid having to pay capital gains taxes by allowing them to reinvest their sales
What Does (“PID”) Mean in The Real Estate Industry?
A Public Improvement District (“PID”) is a financing tool created by the Public Improvement District Assessment Act as found in Chapter 372 of the Texas Local Government Code. The PID enables any city to levy and collect special assessments on property that is within the city or within the city’s Extraterritorial Jurisdiction (“ETJ”). A county