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Kansas City August Real Estate Investor Monthly Meeting
Mid-America Association of Real Estate Investors is hosting 1031 Exchange Expert Greg Schowe
The Truth is many investors do real estate deal after deal and make great profits . . . but they give away a HUGE CHUNK of those profits in Taxes. However, we can keep all of those profits if we read and apply the rules that have been around since 1921. We can buy and sell using 1031 Exchange and keep our profits.
This meeting is to explain the 1031 Exchange and practical applications so real estate investors can save money in taxes. However it is also important to note that there are Legislative proposals are afoot to significantly alter or eliminate capital gains tax deferral on like-kind property.
The motivation behind these proposals is to increase tax revenue. The effect is to target the real estate industry, particularly real estate investors and business owners. However the ripple effect would see reduced numbers of transactions as owners would just hold on to properties rather than sell and realize gains that would need to be taxed. And the sale of property employees many different people from realtors, lenders, appraisers, title companies, attorneys and more.
We hope you can join us on Tuesday July 12th to learn more.
or give us a call at 913-815-011
Our meetings are open to the general public and have a door fee of $25, however if you follow the link above you can preregsiter for $15 or go ahead and join to attend our monthly meetings regularly
Kim Tucker with MAREI