Free Class: Tax Deferred Exchange

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Filed under: Market Comentary

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This week, I talked to Josh Pena from Exchange Resources, who joined us to discuss ways to defer your taxes when you have investment properties. Certain strategies can be used so that you can defer the tax on the gain.

Is a 1031 Exchange Right for You?

To summarize, a 1031 exchange can be used to help people move their capital gains from their old property onto a new property. Whether you are looking into these options for yourself or you are a real estate agent with a client who wants to use this method, it is important that you talk to an experienced financial professional who is familiar with the rules for this exchange.

People who don’t understand a 1031 exchange most likely don’t know the rules, and they don’t even know if it will be a benefit for their transaction. But, you can learn about this method to manage your tax burden.

A 1031 can be great to use in many cases because it allows you to grow your wealth without having to suck out a bunch of cash for taxes. But, the whole thing can blow up if it isn’t done right. You need to make sure that you understand timelines, use a qualified intermediary, and more.

Free Class to Learn about 1031 Exchanges

If you are interested in learning more, then we invite you to visit our class. This class will give you the fundamentals about the 1031 and how you can benefit from this method. As a real estate agent, this knowledge can help to increase your business and increase your client’s portfolio.

We will also talk about some of the pitfalls to avoid, as well as the questions you should be asking when your client wants to use this strategy. Here is information about the class:

• When: August 24, 2017
• Time: 11:30 am
• Location: Real Estate Resource Center
• Address: 27450 Ynez Road, Suite 306, Temecula
• RSVP: Shelly Moore, 951-338-8782 or smoore@franklinlc.com
• Printable: Click here to view a printable page about the event

Franklin Loan Center is sponsoring this Lunch and Learn, and we would love to have you in attendance. We will have a nice 60-minute discussion for you to learn more about the options that are available.

If you own an income property and you are ready to sell so that you can upgrade your portfolio, then this information can be a valuable resource for you. Come learn about a tax deferred exchange and see if this option can be used to help you avoid paying the capital gains tax.

Do you have questions about this class? Or, are you looking for more information about financing your purchase? Franklin Loan Center is here to help. Call us anytime!

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