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When 1031 Deferred Gain is Forgiven
A Powerful Wealth Builder and Estate Preserver
 A 1031 tax-deferred exchange enables investors to build their real estate portfolio with pre-tax dollars but is also a powerful estate preservation tool.
While a 1031 exchange is tax-deferral strategy, there are ways to completely avoid the tax. And you can do many exchanges during your lifetime. Essentially, with your first exchange you create an I Owe You (IOU) to the IRS and each time you do a subsequent exchange, you add to that IOU. If you sell a property without doing a 1031 exchange, some or all of that IOU will have to be paid to IRS. If you never sell without exchanging, when you pass away, your heirs inherit your property with a stepped up basis (which means at the fair market value at the time of death). A stepped up basis erases the IOU to IRS and your heirs will not have to pay any tax on the gain you deferred. Using 1031 exchanges, you have the opportunity to build your real estate portfolio using pre-tax dollars - creating a larger portfolio and greater cash flow. The ultimate strategy is to defer, defer, die.
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1031 CORP. Working with R.E.I. Consultants
Continues Expansion in Mid-Atlantic
1031 CORP. announced that it has entered into a working arrangement with R.E.I. Consultants, Ltd. and will now offer the many clients of R.E.I. Consultants, Ltd. qualified intermediary services under the 1031 CORP. brand. The transaction was completed July 1, 2011.
R.E.I. Consultants, Ltd., based in Media, Pennsylvania, was founded by Richard M. Heller, Esquire, CES® in 1988 and was one of the first 1031 exchange accommodators in the Philadelphia area. With the assistance of vice president Joseph F. Szajnecki, CES®, Heller has established a reputation for his significant knowledge of section 1031 and their commitment to providing excellent services. Heller and Szajnecki will both serve as consultants for 1031 CORP.
"I have great respect for Rich Heller and his expansive knowledge of 1031 exchanges. R.E.I. and 1031 CORP. have been friendly competitors for many years and I am thrilled to now be working together. Both teams share the same business philosophy and commitment to providing superior exchange services. I am confident this arrangement will be a win-win for both of our clients." stated Margo McDonnell, CES®, president, 1031 CORP.
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Lunch & Learn Webinars 
Join us for one of our complimentary Lunch & Learn Webinar Series webinars designed to provide quick educational sessions to help you build and preserve wealth. Grab your lunch and log on to a computer near you!
1031 Exchanges Made Easy
Tuesday, August 16th, 12:05 - 12:50 pm EST
This webinar will provide an overview of 1031 tax-deferred exchanges and their many benefits. We'll also review the requirements of a successful exchange. Register Now! |
Message from our President
 | | Margo McDonnell |
Dear Friends,
The phrase "dog days of summer" seems like an understatement this month! The heat makes us all want to kick back and take it easy but there has been no relaxing at 1031 CORP. After talking about it for some time, 1031 CORP. and R.E.I. Consultants, a qualified intermediary in Media, PA, are now working together. We are grateful for the trust of Richard Heller, Esq., CCIM, CES® and Joe Szajnecki, CES® and are eager to work with both of them and their clients. All new exchanges will be handled by 1031 CORP.
Fortunately, we are also seeing a nice increase in new 1031 transactions and all of the residential and commercial real estate professionals are telling us there is more activity on the horizon. Definitely a good sign that things are continuing to improve. Speaking of professionals, we are launching the next phase of our website development which will include a wealth of tools and resources specially for real estate professionals, attorneys, accountants, title agents, lenders and financial advisors. If there is anything you'd like to see there, please let me know.
In closing, our Fall calendar is quickly filling up. If you would like to schedule a 1031 seminar or CE class for your group, please contact me at margo@1031CORP.com.
Stay cool!
Best regards,
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Article Exchange
If you have an article you would like to share, please forward it to Margo McDonnell,CES® and we'll include it in next month's reading list. |
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About 1031 CORP.
1991 - 2011: Celebrating 20 Years of Excellence
Serving as a nationwide qualified intermediary for 1031 tax-deferred exchanges since 1991, 1031 CORP. strives to provide a superior exchange experience for our customers and their advisors. We provide our customers with enhanced security of funds, knowledgeable exchange professionals and a commitment to keep the exchange process simple for our customers and their advisors. Every member of the exchange team is a Certified Exchange Specialist® and has the experience and expertise to facilitate even the most complex exchange transaction, including reverse, improvement and personal property exchanges. Additional information can be found at www.1031CORP.com. |
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Margo McDonnell, CES®
Certified Exchange Specialist®
President
1.800.828.1031 ext. 212
Mobile: 610.680.6896
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Sue Umstead, CES®
Certified Exchange Specialist®
Senior Vice President
1.800.828.1031 ext. 208
Mobile: 610.755.8520
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Marissa LoCascio, CES®
Certified Exchange Specialist®
Senior Exchange Officer
1.800.828.1031 ext. 210
Mobile: 610.742.4351
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Richard Heller, Esq., CCIM, CES®
Consultant
1.800.828.1031
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Bettye J. Matthews, CPA
Consultant
1.800.828.1031 ext. 205
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Joseph F. Szajnecki, CES®
Consultant
1.800.828.1031 |
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