A 1031 exchange, named after Section 1031 of the Internal Revenue Code (IRC), is a tax-deferred exchange that allows an investor to sell a property and reinvest the proceeds into a similar "like-kind" property without immediately recognizing capital gains taxes.

In a challenging real estate market, innovative and motivated sellers look for opportunities to incentivize buyers. When a seller buys down the mortgage interest rate for the buyer for one, two or three years, it makes a huge difference in reducing their monthly payment as they settle into the new home.

When you decide it’s time to sell your rental property, there are two main courses of action you can take as a property owner: waiting for the lease to expire before selling OR selling while your tenants are still living in the home. There are benefits and drawbacks to both options.