“1031 exchanges can be a huge boost to the real estate market because not only does it encourage reinvestment but it helps the renovation of existing properties”
Fort Myers, FL (PRWEB) March 19, 2015
AdvantaIRA Trust and its sister company 1031 Tax Free Strategies, was featured exhibitors at the 2nd annual South Florida 1031 Summit which took place on February 24th in Miami and February 26th in Fort Myers. The event was open to the public with a great turnout of realtors and investors.
1031 Tax Free Strategies is a qualified intermediary that has been performing nationwide 1031 exchanges since 1997. They are the sister company to the self-directed retirement plan administrators AdvantaIRA Trust. A 1031 exchange is a section in the tax code that allows investors to exchange an investment or business use property for another investment or business use property of equal or greater value, deferring all capital gains tax. This allows investors to reinvest all of the sale proceeds into the replacement property.
AdvantaIRA Trust and 1031 Tax Free Strategies are longtime supporters of 1031 education which is why it was important for the companies to participate in the 1031 summit. The popular annual event provides educational seminars on investment real estate specifically in the 1031 industry. Education segments included 1031 market overview and solutions, opportunities for 1031 real estate investors, important legal issues and concerns for 1031 investors, 1031 exchanging real estate into oil and gas royalties, and emerging trends for 1031 investors and evaluating investor options.
Dave Owens, CPA, CES®, CISP and president of 1031 Tax Free Strategies and AdvantaIRA Trust, spoke regarding the rules of 1031 exchanges and trends in the industry. “1031 Exchanges have increased because of the substantial uptick in the real estate industry,” says Owens, “1031 exchanges can be a huge boost to the real estate market because not only does it encourage reinvestment but it helps the renovation of existing properties.”
To learn more about 1031 exchanges, contact 1031 Tax Free Strategies at 239.333.1031 or visit www(dot)1031Company(dot)com.
About 1031 Tax Free Strategies and AdvantaIRA Trust
1031 Tax Free Strategies is a leading national provider of qualified intermediary, exchange accommodation title holding, and 1031 advisory exchange services for individual, corporate and institutional clients throughout the United States. The company has been completing 1031 exchanges since 1997, and is the only qualified intermediary headquartered in Southwest Florida with two Certified Exchange Specialists (CES) on staff. 1031 Tax Free Strategies administers all types of 1031 Exchange transactions, including forward, reverse, and improvement (build-to-suit or construction) exchanges for investment or business use real estate. Dave Owens, CPA, CES®, oversees all transactions and compliance matters. Their unique and extensive experience has made the firm a leader in teaching distinctive tax-free strategies with offices in Fort Myers, Fort Lauderdale, and Chicago.
AdvantaIRA Trust is a self-directed IRA administrator that provides tax-deferred and tax-free investment opportunities, superior customer service, and educational tools to assist investors in realizing the maximum benefits possible within IRAs. AdvantaIRA makes it easy to use self-directed retirement plans to invest in assets that the individual investor knows, understands, and can control. To learn more visit www(dot)AdvantaIRA(dot)com or call 239.333.1032.
About Dave Owens
Dave Owens is president of 1031 Tax Free Strategies and AdvantaIRA Trust. His background as a certified public accountant, combined with a long history of tax free strategies, provides his audiences and clients with solid and practical solutions to their real estate investment questions. Dave holds a bachelor of science in accounting from Purdue University. He also earned the prestigious Certified Exchange Specialist® (CES®) designation through the Federation of Exchange Accommodators.