| In the last email I told you about an important detail when you are going through the 1031 process. You must have someone hold your funds from your last closing. That person or business is called a Qualified Intermediary. “QI” for short. I thought it would be a good idea if we had a local professional join us to fill in the details and tell a few stories from the trenches of being a Qualified Intermediary. Monday night we are going to have Robert Levinson of Black Acre 1031 Exchange Services with us to walk us through some of the myths, the truths and benefits of using a 1031 to defer taxes. Robert has held funds for over $2 Billion in transactions. Each month he does 30-40 transactions for people from around the country, and even a few far off locations around the world. Needless to say – this process involves the government, taxes, property transfers and a whole lot of details that if done wrong – could cost a FORTUNE. When it’s done right, it can be one of the fastest ways to leverage up your time and efforts to create true wealth for you and your future interests. I really hope you join us Monday night. I’m going through a 1031 right now, and even for me a couple decades into my own career I’m still learning a few lessons about how the 1031 process can simplify our work and all the advantages we can tap into. I want to share those lessons with you this Monday night. The topic for WREIA this month is: “1031 Tax Deferred Exchange – Live Case Study” Bring some questions Monday night. We have a great group of investors who tune in to watch, interact and help other local DC area investors each month – even though we went virtual over a year ago. Come join us! My sole focus for the September 2021 WREIA meeting is: Helping you understand how to delay that payment to the IRS! Spend a few moments with us at our next WREIA meeting Monday night– it could save you a fortune down the road. See you Monday! Remember to grab a virtual reservation here and we will send you a reminder a few moments before we kick off the September 2021 meeting Monday at 7PM. Go ahead – grab a ticket. (And yes, there is still no charge to attend.) |
| Taking Action Is A Key To Success. |