Sean McKay, Senior VP of American IRA-A National Self-Directed IRA Services Provider, Announces 1031 Exchanges Is Topic of This Month's Charlotte Landlord Assoc. Meeting.

Share Article

Sean loves Self-Directed IRA's because of the ability to invest in real estate with no tax or with deferred tax and Sean is excited that Bill Hester will be sharing another strategy with attendees to help them sell a property and not have to pay Uncle Sam.

Sean McKay, Senior Vice President

This is a great opportunity to learn how to sell a property, that investors or their company owns, and not pay taxes. Coupling this strategy with a Self-Directed IRA leads to tremendous savings on taxes.

At this meeting, Bill Hester from Exchange Accommodators will educate attendees on doing 1031 exchanges. This is a great opportunity to learn how to sell a property, that investors or their company owns, and not pay taxes. Coupling this strategy with a Self-Directed IRA leads to tremendous savings on taxes.

This meeting will delve into 1031 exchanges in a concise and detailed fashion. Anyone considering attending should think about whether they have a reason to exchange such as Relocation of Investments. This can occur when a taxpayer is moving to another state for a job relocation or for retirement plans. In a tax-deferred exchange, the sale proceeds from investment property in one part of the country can be exchanged into investment property located in another state.

Another reason investors might exchange is for the purpose of diversification. Proceeds from the sale of one (1) property can be tax-deferred and reinvested into a number of replacement properties. For example: a taxpayer inherits a “family homestead” property, which has significantly appreciated in value. Substantial sales proceeds may permit the taxpayer to reinvest in a large commercial real estate project. Nevertheless, family members frequently ignore large, complex investments in preference to more understandable, smaller-scale properties such as multiple residential properties or smaller commercial properties.

Other reasons include: Consolidation of Properties, Convert to Income-Producing Properties, Debt/Equity Ratio Consideration, Reinvesting to Accommodate Market Trends, Convert from Management Intensive Property, and Partial Deferral.

It is important to note that all of the above scenarios culminate into one significant power: The ability to create pyramiding wealth accumulation in real estate ownership.

To learn more about this event, click here.

About American IRA, LLC:

American IRA is committed to providing every client with gold-level service, regardless of account size. Experience their expertise through their certified IRA services professionals. Enjoy the value with one low annual fee of $285 with unlimited assets and unlimited account values. American IRA clients love the benefit of no charge for "All Cash" accounts. The performance of the American IRA staff is unmatched, with quick and efficient processing within 48 hours.

American IRA services thousands of clients and has over $300 million in assets under administration.

American IRA was built by investors for investors, and brings their successful investment experience to the table, providing excellent educational material showing the public that their self-directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.

American IRA is conveniently located in Asheville, NC and Charlotte, NC, and serves clients nationwide.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Sean McKay
@iraexpert
Follow >
American IRA
since: 02/2014
Like >
American IRA, LLC

Visit website