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Understanding the 1031 Exchange

Monopoly

While roughly 200,000 people call Cape Cod their year-round home, more than 500,000 are here in the summer months, meaning that many of Cape Cod’s homes are purchased for vacation or investment purposes.  If you own an investment property on the Cape or elsewhere, and have thought about upgrading to a nicer property – perhaps one closer to the water that will bring in greater income – then you should understand Section 1031 of the … Read more…

Shoulder Season on Cape Cod

Shoulder Season

Your time to enjoy a refreshing visit to Cape Cod sails into port in early September and lasts through October. All aboard the shoulder season! Fall is a great time to be spontaneous and book a stay at a less crowded, exceptionally beautiful, salt sprayed and sandy, all-to-yourself Cape experience. Get a table at that reputed restaurant, spread out your beach gear, or play a game of golf – all without the usual peak season … Read more…

A Celtic Parade, Seafaring Films, Jazz Concerts and Outdoor Learning

Things to do Cape Cod

From lions to lambs, there’s something for everyone during the month of March on Cape Cod Here are a few suggestions to put a spring in your step and a smile on your face as the days grow longer and the temperatures slowly warm. Shake off your winter hibernation, grab a friend and join in welcoming spring’s advance.   2019 Cape Cod Saint Patrick’s Parade | Yarmouth Named one of Yankee Magazine’s best St. Patrick’s Day … Read more…

Tax Deductions for Rental Property

Vacation rental tax deductions

Profits and Losses on Vacation Rental Homes The rent you collect from your tenants counts as income. You offset that income and lower your tax bill by deducting your rental home expenses including depreciation. For example, you received $10,200 in rent during the year and had expenses of $3,200, then your taxable rental income would be $7,000. You can even write off a net loss on a rental home as long as you meet income … Read more…

Cape Cod Fall Festivals

Orleans Surf Festival

As the summer crowds drift away and the sharks migrate south, Cape Cod comes alive with outdoor Festivals and Craft Fairs. Plan your next weekend get-away and join in with Cape locals for some of these New England festivities. Our selections for you below are entirely unique to the Cape Cod region! Yarmouth Seaside Festival |South Yarmouth Saturday + Sunday + Monday, October 6 – 8 Festivities include a craft fair of more than 125 … Read more…