Saturday Online Workshop
Online Masterclass: The Ultimate Guide to Saving Taxes and Building Wealth with 1031 Exchanges
With Steve Wolterman, Esq.
OPHP Credits: 2 hours Tax Law, 2 hours Federal Law, 1 hour Purchasing [What’s This?]
If you know us, you know that we’re always looking for ways to bring our members the information that can help them keep more of what they earn, avoid expensive mistakes, and build wealth faster.
One of the best ways to build wealth faster is to give less of it to the tax man, which is why we’re bringing you Steve Wolterman for a deep dive into one of the most powerful—and most misunderstood—tax-saving tools available to real estate investors.
If you’ve owned property for any length of time, there’s a good chance you’ve built up substantial equity and appreciation. That’s great—until it’s time to sell and a big ol’ chunk of your profit “belongs to” the government.
And that’s where the (properly structured) 1031 exchange comes in: it lets you defer paying those taxes—maybe for your lifetime and beyond—and keep more money working for you.
So why isn’t everyone doing it all the time?
Because too many investors understand the concept, but not the details.
Miss a deadline, structure something incorrectly, misunderstand ownership requirements, or make a seemingly minor mistake, and your exchange can fail.
But the rules aren’t that hard to follow once you understand them, we swear. And that’s why we’re bringing you this workshop.
Steve, an attorney and Certified Exchange Specialist with years of experience helping investors save tens or hundreds of thousands of dollars in taxes, is going to walk you through both the fundamentals and the advanced strategies that serious investors need to understand if they want to trade properties, reposition assets, and continue building wealth without unnecessarily writing large checks to the IRS.
You’ll learn:
- What a 1031 exchange is and how it works
- Which types of real estate qualify
- The major IRS rules and deadlines
- The crucial role of the qualified intermediary
- How to defer both capital gains AND depreciation recapture taxes
- Why you can EASILY owe more taxes at the sale of a rental than you actually get in cash from that sale
- How to figure out your basis and decide whether the cost and effort of a 1031 is “worth it” for a particular property
- Why the IRS makes you spend all the cash you got AND replace all the debt you paid off—and what happens if you don’t
- More sophisticated tactics, like reverse exchanges, where you buy the new property BEFORE you sell the old one, and improvement exchanges, where you use part of the money for fix-up
- What you’re allowed to BUY when you do a 1031 (hint: it’s more stuff than you think, but it’s not EVERYTHING)
- Who you’re allowed to exchange WITH
- What happens when you have a partner in the deal who doesn’t want to exchange his part
- Common mistakes that can cause an exchange to fail
- State-to-state exchange considerations
- Practical examples, case studies, and checklists
So yeah, it’s a really complete day, with no course for sale at the end.
So whether you’re considering your first exchange or you’ve completed several already, you should be there, because you’ll leave with new ideas for saving money when you sell rentals, lease/options, and other “properties held for investment”.
This workshop will be recorded, so you’ll get the recording after the event even if you can’t attend live.
Members and non-members at every level of experience are welcome—but members, obviously, pay less. It’s just $47 for members by June 25th, $67 after, and $97 for non-members by June 25th, $127 after).
(If you’re not a member, you can become one for 30 days for $35 HERE, save $50 on this class, and also join us for 20+ other in person and online meetings over the course of the month…)
As always, Express Success Members are FREE (but you do have to register).
And also as always, this Online Masterclass is backed by our satisfaction guarantee: you’ll agree it was worth 10x the cost, or your money back.
Register below to get your zoom link.
