The 1031 Lunch and Learn, a program we designed to expand training and development for Asheville real estate professionals and our second/vacation home 1031 investor clients, expands our real estate referral services training.
It's a great opportunity for members of the community to meet, sit around the table with a pot luck assortment of goodies, and gather useful information and look at how 1031s and sustainable investment strategies really can work in a mutually beneficial way.
Lunch and Learn programs proposed or already enjoyed are-
Qualifiers for the 1031
Second and Vacation Homes and the 1031 Exchange
1031 & Green Investing
Can Land be a "Green" 1031?
Why Choose the FEA Qualified Intermediary
Conservation Properties and the 1031
The Farm Bill and the 1031 (Note: there is a continued effort by the Federation of Exchange Accommodators to continue momentum in terms of proposed regulations on subsidized land)
Important to real estate professionals is keeping abreast of new 1031 developments. Like all things in life, there are changes to the 1031 Laws- it seems every year, and so this series is aimed at that goal.
On my mind: The possibilities when it come to a second or vacation home actually qualifying for a 1031 Like-Kind Exchange. While I know there are (at least as of today) tax breaks that can make a vacation home more affordable, the winds of change bring new economic outlooks. Certainly, it is so important to seek professional advice and document, document, document!
_____ Document the length of time (exactly how many days) family members spend at a vacation home
_____ Document if this time is for personal use or investment purposes
_____ Document rental income
_____ Seek counsel from qualified tax experts and FEA Qualified Intermediaries
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