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Lake Country, Brookfield and Menomonee Falls Information:

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AREA COLLEGES
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Carroll College 

WCTC 

ZOO
Milwaukee County Zoo 

Museum
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ART MUSEUM
Calatrava 

MENOMONEE FALLS
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BROOKFIELD
Town of Brookfield 

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DELAFIELD
Town of Delafield 

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Village of Wales 

HARTLAND
Village of Hartland 

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GENESEE
Town of Genesee 

ELM GROVE
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MERTON
The Village of Merton 

Town of Merton 

MUKWONAGO
Town of Mukwonago 

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Town of Vernon 

North Prairie 

MUSKEGO
Muskego 

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NASHOTAH
Nashotah 

CHENEQUA
Chenequa 

OCONOMOWOC
Oconomowoc Lake 

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Town of Summit 

PEWAUKEE
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SUSSEX
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WAUKESHA
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NEW BERLIN
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School Reports in Lake Country, Brookfield and Menomonee Falls, Wisconsin
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Real Estate Tips
Investment Real Estate >Investment Property Exchanges

When you buy an investment property, there are two important financial goals to consider. You will want a property capable of producing rental income. When you sell, you hope that the property will have appreciated enough that you will earn a good profit on your investment. If your property has enjoyed a healthy appreciation, you may need to do some careful planning to avoid paying out most of your profits in the form of capital gains taxes.

When selling your primary residence, you may be able to defer your capital gains taxes when you buy your next home. This does not apply, however, to investment property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On the other hand, if you arrange to trade one property for another, you may be able to defer the capital gains tax.

It is not as complicated as it sounds! Many real estate agents and attorneys specialize in helping their clients put these kind of transactions together. You don't have to trade buildings with the people buying your property. The property you trade may belong to a third party, and your buyers need only cooperate with the closing attorney to make the transaction work.

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Real Estate Trivia
Q 
What famous building receives a fresh coat of 300 tons of reddish-green paint every seven years?

A 
The Eiffel Tower in Paris, France.
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Lynne & Jim Knurr, REALTOR®, real estate agent and broker for Lake Country, Brookfield and Menomonee Falls, Wisconsin home listings, property and land for sale - NUMBER1EXPERT(tm)

G.M. & The Coach
Lynne & Jim Knurr

Coldwell Banker Residential Brokerage
20350 Watertower Blvd.
Brookfield, WI 53045
414-350-8345
Fax: 262-798-8441
lynneknurr@NUMBER1EXPERT.com

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