The 101 of 1031 Exchanges

with... Mike Smith

The benefits, requirements, steps, and reversal of a 1031 Exchange

Tuesday, January 09, 2018

SLCC, Miller Campus, MFEC #203
9750 South 300 West
Sandy, UT 84070


One of the biggest benefits of using a 1031 exchange is the deferral of capital gains taxes. In addition, you can use what you would have spent on these taxes to increase a down payment and/or get into a nicer property.


At the January Utah REIA Networking Luncheon, Mr. Mike Smith, Operations Manager at US Title Insurance Agency (and oversees its 1031 Exchange subsidiary, US Title Exchange Company), will walk us through the basics of a 1031 exchange including:

* Basic steps of a 1031 exchange 
* Tax deferral and other practical benefits 
* The requirements for a valid 1031 exchange
* A brief overview of reverse 1031 exchanges

ABOUT MIKE SMITH:
Mike is the Operations Manager at US Title Insurance Agency and oversees its 1031 Exchange subsidiary, US Title Exchange Company. He has worked exclusively in the title insurance and escrow industry for 25 years. Prior to joining US Title, Mike managed a large Utah title insurance agency and worked in the industry as legal counsel and as an underwriter. Mike also served as legal counsel for a national 1031 Exchange company. Mike earned a B.A. degree from Utah State University and received a J.D. from the University of California, Hastings College of the Law. Prior to starting in the title industry, Mike worked for large law firms in Salt Lake City and San Francisco. Mike speaks regularly to professionals about various topics involving real estate, including 1031 Exchange transactions. 

ABOUT THE SPONSOR:
Done For You Real Estate USA is a full-service real estate team that helps clients build an actual real estate portfolio in markets that maximize cash flow or equity opportunity. They have available properties that are not available on any other website or listing service. For more information, please visit www.doneforyourealestateusa.com.

NOTE:  Food may be brown bagged or purchased from the Culinary Arts building (next door) where there is a full cafeteria and convenient store.  

Members:
FREE
Non-Members:
$15.00


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Date: Tuesday, January 09, 2018
Time: 11:30 AM - 1:00 PM

Location:
SLCC, Miller Campus, MFEC #203
9750 South 300 West
Sandy, UT 84070

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