What is the 50% rule in real estate investing?
Could you please elaborate on the concept of the 50% rule in real estate investing? I'm curious to understand how it's applied and what it signifies in terms of profitability and risk management. Specifically, how does this rule guide investors in estimating their potential expenses and ensuring a healthy return on investment?
What is the 45-day identification rule for a 1031 exchange?
Can you explain what the 45-day identification rule entails in the context of a 1031 exchange? Specifically, what does it mean and how does it impact the process of exchanging investment properties for tax deferral purposes? It would be great if you could provide a concise yet comprehensive overview of this rule and its significance in the world of cryptocurrency and finance.