 Get a quote emailed to you by a local lender direct.
Crescent Mortgage, ask for Jay.
Intermountain Mortgage website, ask for Jeff Reade.
Rick Klein, a wealth of information.
Bank Rate Monitor and Mortgage Calculators!
Why a Park City Lender is your best option
Park City mortgage companies have an understanding of our market, allowing them to translate a property report and appraisal to the right
underwriter for the job. This can save you time and hassle searching for additional paperwork prior to closing. We have been through transactions where paperwork is being supplied the day of closing,
this makes everyone's life miserable. It is nice that your personal out-of-state bank is willing to give you the money, but: Do they know what a Condo-Tel is? How it affects the interest rate? Project ratio's on nightly versus
second home? What the HOA dues cover? Contact us for lender referrals in town.
Taxation in Real Estate
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Internal Revenue Code 1031 offers you the opportunity to defer
the capital gains tax by exchanging one property for another. After selling an
investment property, you have 180 days to close on it's "like kind" replacement to avoid
paying capital gains taxes. This allows the owner of an investment property to
exchange into a larger property (need an extra bedroom in that condo?).
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Zions Bank uses Bank Exchange Services a Qualified Intermediary for 1031's.
More 1031 Links
Taxx.com and the 1031 Exchange
1031 Exchange Q & A
Utah State Tax Guide, Wow.
IRS - Limits on Rental Losses
IRS - First Time Homeowners Deductions
IRS - Rental Income and Expenses
IRS - Real EstateTax Tips
Just the IRS
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