1031 Exchange

[Sean Blomquist]

One of the challenges for real estate investors, is only paying your fair share of taxes and not paying too much on the profit you make on deals.

This month, we are having Neil Friedman explain to us the in's and out's of a 1031 Exchange. Neil L. Friedman is the founder of 1031 Exchange Brokers.

1031 Exchange Brokers represents the leading industry providers of both Qualified Intermediary Services and Structured Sales solutions. Neil frequently lectures on a wide variety of tax deferral strategies to Real Estate Attorneys, CPA’s, Financial Planners, Commercial Realtors® and Investors. He has taught continuing education classes for the real estate community, written articles on 1031 Exchange topics for the Midwest Real Estate Journal

Some of what will be covered is:

Define and explain IRC section 1031.

Formula to calculate gain and adjusted basis

Reasons to exchange

History of IRC section 1031

Define and explain "Like Kind" property Basic exchange types

Important timelines How to evaluated a QI

We meet once a month to bring real estate investors together. The meeting is free and is based around networking. Have a property to sell, service to offer or just want to join the local real estate investor scene please join us at our next meeting.