Why People Are Moving To Prescott, Arizona
Prescott, Arizona, is proudly known as “Everyone’s Hometown.” This charming town provides an overwhelming community and family atmosphere to its residents and visitors. Not only does historical Prescott offer downtown activities, but it also delivers peaceful living and abundant outdoor recreation. With the Prescott National Forest surrounding the mountainous town, miles of hiking trails, multiple area lakes, and a dog-friendly downtown, it is not a mystery why people are moving to Prescott.
Prescott is conveniently located at a mile-high elevation in the mountains of north central Arizona in Yavapai County, approximately 95 miles south of Flagstaff and 95 miles north of Phoenix. The climate alone entices visitors to fall in love with Prescott, allowing residents to “brag” about its near perfect climate.  The town’s warm Summer season, a mild Fall season with beautiful foliage color changes, mild white Winter season, and overwhelming Spring beauty, all combine to make this town prime for active living.  In fact, the annual average high temperature is an enjoyable 69 degrees. Now that is worth bragging about. Continue reading
A 1031 Exchange is a Powerful Tax Strategy
A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors to defer taxes
when selling investment/commercial property.  This effective strategy is also known as a “Starker Exchange”, named for the first tax case that allowed the exchange, or a “Like Kind Exchange”, referring to the type of change that occurs. This tax-efficient way of preserving capital that is invested in real estate is appropriately named a 1031 Exchange, after Section 1031 of the IRS code.
Section 1031 of the Internal Revenue Code provides an exception that allows the deferment of payments of capital gains taxes when a business or investment property is sold, if the reinvestment of the proceeds is reinvested in a similar property through a like-kind exchange. To put it simply, a 1031 exchange allows an investor to “defer” paying capital gains taxes on an investment property when it is sold, as long another “like-kind property” is purchased with the profit gained by the sale of the first property. An investor will eventually cash out and pay taxes, but in the meantime, Section 1031 allows an investor to trade properties without incurring a sudden tax obligation. Continue reading
Crowdfunding Your Real Estate Purchase
Real Estate has historically generated 9.6%+ returns with less volatility than the stock market. Unfortunately, since real estate 
is typically expensive, ordinary investors have been left out of enjoying these profits.
Have you ever considered crowdfunding your real estate purchase? Crowdfunding may be a term you don’t recognize. Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the internet.
Crowdfunding has become something of a buzzword among investors, and it’s been particularly well received in the real estate sector. Though it is still relatively new, real estate crowdfunding is rapidly reshaping the way individuals find and invest in properties.
We live in a world of new technologies, a place where things that once seemed impossible are now considered the norm. Uber, Amazon, Airbnb and many others have completely changed the way people buy and sell goods and services. A Gofundme campaign, which is a form of crowdfunding, can be set up in minutes to get you to go visit faraway places, buy a new toy, help out a friend in need, or support a great cause.
Owning vs Renting
Thinking about purchasing your first home? Right now is the to buy! The interest rates on home are historically low, which gives you more flexibility with your budget. When interest rates increase, it causes your monthly payments to increase, preventing… Continue reading
Market Conditions
With all the new incentives to become a home owner, the housing market has been on the rise showing signs of stability. Recently, foreclosures have fallen back to the pre-housing bust levels. In February, 303 houses were foreclosed on, which… Continue reading
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