Building Wealth with Section 1031 Exchanges- 3CE 5/29/24 -zoom

Description

Over 90% of US real estate ‘types’ qualify for Section 1031 exchanges. 1031s can help kids buy homes, buy vacation homes and how mixed-use properties work in an exchange… the more you understand-the more you make in commissions.

With an appropriately structured 1031 exchange, an investor can defer paying taxes on the gain from one investment property and instead use all the gain to fund another investment property.

We will cover: what is a 1031 exchange? What are the capital gain taxes? A Sale vs 1031 Exchange. The re-investment rules for 100% deferment and a Partial exchange. Know the 1031 Timelines, Restrictions, and Identification process work.

On to the fun stuff:

• How to unlock a sale with creative replacement property types that give relief from the investor’s management duties on their investment properties.
• How a 1031 parent can help their child, or third party buy a home
• Super tax break

Instructor Annamarie Kooning, NW 1031 Exchange Manger with Leader1031, a leading national exchange company. Annamarie works with investors, real estate brokers and agents, attorneys, tax professionals, financial advisors, and mortgage lenders throughout the Northwest.

# C23024655 WA CE Course (filed under 1031 Exchanges – Increase your Expertise)

# 21003435 Instructor- Anniemarie Kooning

# 23024120 Real Estate School ID