New Opportunity Zones & Tax Deferral

The Tax Cuts and Jobs Act (TCJA) created a new investment vehicle called an Opportunity Zone (OZ) to encourage investment into distressed and low-income communities throughout the United States. The goal of this OZ tax incentive program is to attract taxpayers to invest capital through private investments in businesses and real estate in distressed communities to spur economic development in these communities. Read More.

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1-Hr Webinar for CPAs

Join our one-hour 1031 exchange webinar for tax and legal advisors (CPE credit available) on Tuesday, August 14th at 11:00 a.m. EST. This webinar tackles issues such as reverse and improvement exchanges, related party issues and how to avoid common pitfalls. You will receive a summary of current developments regarding possible tax reform and the implications on 1031 exchanges. Save My Seat.

New Location, Same Excellent Customer Service

The surge in 1031 exchange activity has dramatically increased in the Eastern United States. To help provide continued excellent customer service, Asset Preservation’s Eastern Region Office has relocated to a larger location at 1490 William Floyd Parkway, Suite 103, Shirley, NY 11967. Our toll-free phone number remains the same, 866-394-1031.

Cities with the Greatest (and Least) Percentage of Homes Worth More Than $1 Million

Back in the 1960s and 1970s there was magic in the word MILLION.  Median home prices were less than $30,000.   When I graduated with a Master’s degree in 1978 there were just 450,000 Millionaires in the country.  There are almost 11 million today.   Things change.  So does the impact of some words.

Many people now own and live in a house worth more than $1 million.  In some markets a residence worth more than $1 million is more common place than others.

Where are the greatest – and least – probability of living in a home worth more than $1 million?   That question was answered in a just-completed study…Read More

Call Us

Asset Preservation would appreciate the opportunity to work with you on your next exchange regardless of how simple or complex. Give us a call at 800-282-1031 with any 1031 related questions or Open a 1031 Exchange Online.

Why Millions of Millennials Aren’t Buying Houses

Homeownership eludes millions of millennials.

A new report by the Urban Institute, a policy research group, tries to explain why.

There are a whole host of reasons, including personal preferences and economic disadvantages, that explain why the homeownership rate for the largest generation in U.S. history is lower than that of their parents and grandparents.

“In my generation, I’m a baby boomer, you bought a home as quickly as you could,” said Laurie Goodman at the Urban Institute. “You didn’t take a vacation for years to save for the down payment on your first home.”

Millennials, on the other hand, she said, are in no rush to get their hands on house keys.

Delayed marriage has one of the biggest impacts on their low homeownership rate. Marriage increases one’s likelihood of owning a home by 18 percentage points, the researchers found.

Millennials are wedding later — and less…Read More

Tax Reform Is a Windfall for REIT Investors

Real estate has traditionally held up well against market swings and rising inflation. Real estate investment trusts (REITs) offer a compact, tax-advantaged alternative to direct ownership, and thanks to tax reform, those advantages are better than ever. Read More