As the value of property continues to skyrocket, many investors are looking to invest in real estate to diversify their portfolios, hedge against inflation, and create long-term security as they plan for the future. One tool available to investors, but not well understood, is the IRS 1031 exchange. Section 1031 exchanges can save real estate investors and business owners thousands of dollars, but taking advantage of this mechanism can be complicated. Learn what you need to know about 1031 exchanges.

Over the past couple of years, our homes have become so much more to us than just home. As our lives have changed, our spaces have changed right along with them, becoming the places we work, learn, exercise, and, yes, still relax and unwind. And this trend — of using our homes to their full potential — is likely to continue, even as our lives begin to return to a pre-pandemic normal. As a result, convertible furniture pieces that can serve multiple purposes, multifunctional spaces that can accommodate and hide workout gear, guest beds, desks, and other functional items are becoming more popular. Especially in smaller spaces, creative room dividers and convertible furniture can ensure you're getting the most out of every inch of your home. 

Baird & Warner Plainfield is an office that is as dynamic as the down-to-earth community it serves. Just far enough from Chicago to slow down the pace, but with a vibrant and growing population that supports an up-and-coming business community, Plainfield is a great place to live. 

The team at Baird & Warner Plainfield loves its scenic and family-friendly location.

As younger buyers navigate a competitive housing market, many are coming up with creative solutions to pursue their dreams of home ownership. One such trend, which has recently received national media attention, is the practice of co-buying or co-owning a home with friends. For millennials in particular, a group that is marrying and having children later, if at all, purchasing a home with roommates or friends can be an attractive option that allows them to make a financial investment in a market where demand exceeds supply.

But buying a home with friends isn't the same as signing a lease with roommates, and comes with some pretty big interpersonal and financial consequences. If you're thinking about co-buying a home, learn about what you should know before you begin.