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Tax Tips

Jerry W. Williams: Owner Financing

Owner financing is a financial arrangement in which the seller of a commercial property finances the purchase for the buyer. This can be a beneficial option for both parties, as it can provide the seller with a recurring stream of income, improve their cash flow, and reduce their risk. For buyers, owner financing can make it possible to purchase a commercial property without having to qualify for a traditional mortgage. This can be especially beneficial for buyers who may have a lower credit score or a higher debt-to-income ratio.

Opportunity Zones For Ultimate Tax Benefits

Opportunity Zones (OZs) were established by the United States government in 2017 as a means to encourage investment in economically distressed communities. These designated zones provide tax incentives to investors, allowing them to defer and reduce their capital gains taxes. Due to the potential for high returns and tax benefits, OZ investments have gained significant popularity.

Living Trust vs Wills:

A will vs a Living Trust

property that passes through a living trust does not go through probate, which can save your loved ones time and money. Many people make living trusts specifically to avoid probate. On the downside, living trusts are generally more complicated and expensive to set up and maintain. You cannot use your living trust to name an executor or name guardians for young children, so even if you have a living trust, you still need a will to do those things. In fact, most people who make a living trust have a will as well.

Guide to Rental Property Depreciation

How to Maximize Tax Benefits from Rental Property Improvements Many people get into real estate because it can provide a regular cash flow, and many landlords and investors see tax benefits also. One tax benefit investors and landlords can use is rental property depreciation—a key lever in helping maximize tax savings. Rental property depreciation is…

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