Tax reform is on the table and Congress is considering changes, or caps, proposed by the Biden Administration to capture tax revenue on the now deferred tax treatment of 1031 like kind exchanges. The proposal ignores the financial impact that restricting the 1031 exchange plan will have on state & local transfer taxes, not to mention income derived by multiple parties involved in these transactions. In this episode, Capital Rivers President & CEO Greg Aguirre calls on 1031 exchange expert Bill Angove for the latest update.
The 1031 Exchange is critical to the commercial real estate business. Greg and Bill go into detail about this ballot initiative. Bill gives insight on what the 1031 Exchange is and how it works. This is an ongoing and important topic that will continue to be relevant in the CRE industry. Stay informed by the experts to get the most accurate and reliable information.
Capital Rivers is constantly staying up to date with commercial real estate news. To learn more about this and future updates from Capital Rivers Commercial,
Wealth Building With Franchising: Creating Generational Wealth by Following a Proven System is a recently-published book compiled by Linda Ballesteros. In this book, you will learn from experts, including Capital Rivers’ CEO Greg Aquirre, how to choose the right franchise, how to avoid common pitfalls, and how to maximize your…
If you reside in or have your principal place of business in California, Georgia, or Alabama and qualify as an “affected taxpayer” eligible for extended 1031 Exchange timelines, time is running out. Many buyers are adopting a wait-and-see approach, but is that the wisest strategy considering the current market conditions?…
Tenant Representation Brokers, sometimes referred to as a tenant reps, serve a crucial role in the real estate market by providing tenants with necessary specialized advice and guidance to ensure they make informed decisions when seeking commercial space. These professionals have an in-depth understanding of the local real estate market,…
