I am really proud of the job we have done helping real estate investors save millions of dollars in taxes.
FORT MYERS, Fla. (PRWEB) November 17, 2017
Midland 1031, headquartered in Fort Myers and Chicago, is celebrating 20 years in business. Midland 1031 is a 1031 exchange qualified intermediary. Formerly known as 1031 Tax Free Strategies, Midland has performed thousands of tax-free exchanges all over the United States since the fall of 1997.
Midland 1031 was formed by Dave Owens, a CPA on Sanibel Island. In its first full year of operation, the company performed 47 exchanges. The company grew rapidly, and hit the 1,000 exchanges per year mark for the first time in 2005. Currently in 2017, the company has solid growth and continues to be an educational and service leader in the real estate community.
A 1031 Tax Exchange allows real estate investors to defer federal and state taxes on the sale of investment real estate as long as proceeds are invested into additional investment real estate of greater value, as well as following the IRS 45 day and 180 day timing rules. There is no other deferral in the federal tax code like 1031. The proposed Republican tax law changes does not change the current 1031 rules.
When asked about how he feels as he looks back over the last 20 years, Owens comments: “I am really proud of the job we have done helping real estate investors save millions of dollars in taxes. With the help of Senior Manager Theresa Knower, we have helped thousands of investors navigate through the process of exchanges, start to finish, and have earned the reputation as the gold standard among Qualified Intermediaries”. Knower is a veteran in the industry, speaking both locally and nationally on the topic of 1031 exchanges as well as working directly with her staff to complete exchanges.
Of the 108 Certified Exchange Specialists in the entire country and 8 in the state of Florida, 2 of them are with Midland 1031; Owens and Knower both hold their Certified Exchange Specialists certifications. They are among the most knowledgeable, experienced exchange specialists anywhere.
About Midland 1031 and Midland IRA
Midland 1031 is able to to provide a level of service and expertise that other Qualified Intermediaries cannot match. Midland IRA 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. Midland IRA 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)Midland1031(dot)com.