This Friday, May 14, Jeff Peterson will be presenting at the REJournal 14th Annual Capital Markets Summit.
Event Details
When: Friday, May 14, 2021
Where: Golden Valley Country Club, 7001 Golden Valley RD, Golden Valley, MN 55427
Cost: $99 IN PERSON, $99 VIRTUAL VIEWING with CE, $39 VIRTUAL VIEWING without CE
This course has been approved by the Minnesota Commissioner of Commerce for 4 hours of real estate continuing education
About the Presentation
Due to the damaging effects of the pandemic, some segments of real estate, such as hotels, entertainment, retail malls, and offices are beaten down. Changing the 1031 exchange, as outlined in President Biden’s plan, would worsen the problems they’re already dealing with.
The administration's desire to invest in America’s infrastructure is great. However, a key component of infrastructure is being missed in this effort. The buildings that make up our housing stock, offices, shops, and warehouses are a part of that infrastructure. These structures need as much ongoing capital commitment to them as roads, bridges, and other parts of infrastructure. The best way to encourage improvements is to have appropriate tax polices that encourage investment in the real estate economy.
The existing 1031 exchange rules are wholly consistent with these themes. It encourages both investment and more importantly reinvestment in real estate. Therefore, it is extremely inconsistent to limit 1031 exchanges while creating other infrastructure investment incentives programs and spending.
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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