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Price: $0 - $25
This event is free to REIA Members with registration; Guests are welcome to attend for $25 with registration. Event fees are payable by cash, American Express, VISA, MasterCard or Discover at the door
Category: Real Estate
11215 NE 124th St, Kirkland 98034
Jul 22 2019 - Jul 22 2019
6:00 PM - 9:00 PM on Mon
More schedule information: Each REIA Main Meeting and REIA Chapter Meeting features an expert in our industry, an assortment of perspective Business Associates to build your real estate investing teams and ONE FULL HOUR of networking with other investors.
Join REIA in welcoming Kyle Williams, a fellow REIA Member and Vice President and Account Executive with Investment Property Exchanges Services, Inc., known as IPX1031, for a discussion on 1031 exchanges.
Properly structured tax deferred exchanges allow businesses and individuals to defer capital gains taxes under IRS Code 1031. The exchanges are financial tools that most real estate investors should have at their disposal as a means of building and preserving wealth.
The IRS Code allows investors to defer (postpone) paying income taxes on gains from the sale of investment real property, if the proceeds are reinvested into equal or greater "like-kind" property. A like-kind property exchange might be one real estate investment property for another, such as an exchange of vacant land for a rental house, a rental house for a multi-family rental, etc. Assets can be repositioned through 1031 exchanges throughout your entire life to make the tax picture even more interesting.
The deferral - not elimination - of tax through a 1031 tax exchange means that the payment of capital gains on the sale of your property is postponed, making more money available for the new property. It is, in effect, like the federal government is loaning part of the money for your next deal!
Always consult with your tax adviser before making tax-related decisions.
Kyle Williams, fellow REIA Member and Vice President and Account Executive with Investment Property Exchange Services, Inc. resides in Bellevue. He is responsible for sales covering Washington State.
With over a decade of financial brokerage and real estate experience, including REITs, 1031s, and other real estate investments, he enjoys speaking with brokers, CPAs, attorneys, investors, and real estate professionals.
Register to Attend
Use the Member or Non-Member at the bottom of the related calendar page at www.REIAwa.com.
We look forward to seeing you!
REIA, the Real Estate Investors Association of Washington