The number one expense that many of us fail to address in real estate is taxes. Undoubtedly, at some point we all will be subject to taxes on the sale of property outside of our home residence. Managing this major expense is critical to building real estate portfolios and wealth over time. A 1031 tax exchange is a tool to help with doing just that, but you'll need to know the rules and process to really leverage this instrument.
Do you have questions about whether or not a 1031 exchange is right for you? Join us as we welcome Michelle Recinos, Business Development Manager for First American Exchange Company in South Texas to help us understand how to take advantage of 1031 tax exchanges. .
During this class attendees will learn the following:
What is a 1031 tax exchange?
Cost and Fees
Built-to-suit exchanges
Forward exchanges
Reverse exchanges