Virtual Online Meeting!
What's your plan when you sell one of your rental properties? Is it to come up with cash to buy another rental property? If so ... stop. Stop now!
When you sell a property, you have to pay taxes on the gain. Wouldn't you rather NOT have to pay thousands of dollars in taxes? Wouldn't you rather apply the full value of your present rental property to the one you're planning to acquire?
You can do that with what's called a 1031 Exchange, which is a way of "trading up" in properties while deferring taxes.
There are many rules to follow in doing a 1031 Exchange, and a time window to get it accomplished, but it's a tool many investors use to accelerate building their portfolios.
Want to learn more? Attend KREIA's August 25th main meeting! You'll hear from a panel of 1031 Exchange experts.
Attorney Harry Borders helps shepherd his clients through the process of the 1031 Exchange. KREIA Past President Joe Hampton (1989-1991) is a Realtor who makes 1031 Exchanges his specialty -- and besides having done a ton of them himself, he facilitates them for other investors. CPA Eric Shadowens knows the numbers and how the gears turn in doing a 1031 Exchange. They'll tell you what they know at the meeting and answer your questions.
Acting as moderator will be paralegal Renee Buster, who is Harry Borders' boots on the ground.
Early Meeting: John Walton of Express Cabinet Store will talk about his selection of cabinets and answer your questions.
Note: This is the registration page for the virtual, Zoom call version of KREIA's August 25th main meeting, which is free for KREIA members and only $10 for non-members. If you'd rather attend the event live and in-person at Woodhaven Country club, then sign up from the "live registration" page.
Meeting Agenda
5 p.m. – Doors open at Woodhaven
5:30 p.m. – Early Meeting with John Walton of Express Cabinet Store begins in the conference room
6 p.m. – Member Orientation with Jordan Pohn begins in the conference room
6:15 p.m. – The buffet line opens! Also, at the microphone, there will be announcements, property pitches and sponsor pitches
7 p.m. – 1031 Exchange experts take the floor for our feature presentation
Remember Your Lanyard!
If you've been to an "in-person" KREIA main meeting lately, you've probably picked up one or more color-coded lanyards that identify what kind of investor you are. Please remember to bring your lanyards with you to our main meetings!
Color Key Reminder: Blue = Buy-and-Hold Investor; Orange = Flipper; Yellow = Real Estate Agent; Red = Wholesaler; Green = New Member; Purple = KREIA Sponsor; Black = Board Member