1031 Exchanges for Tax Savings

About

Connect with other multifamily investors to Grow Your Networks and add Commas to your Net Worth!

This month, our speaker is Andrew Favorito with City Capital 1031!

Many have heard of a 1031 exchange, but do you truly know its benefits and requirements? We will start by going over the basics of what a Section 1031 tax-deferred exchange entails, followed by common complications, feasibility in partnerships and syndications, how 1031s compare to other tax-deferment strategies, and how to plan now to ensure you can use this tool in the future. Additionally, we will be sure to offer ample time for Q&A.

After more than ten years in the hotel industry, Andrew Favorito joined City Capital 1031 as Vice President and Senior Exchange Officer. As a General Manager of multiple Hilton properties, Andrew led his hotels to routinely achieve top positions in ADR, RevPAR, and occupancy, reflected by STR reporting, while maintaining award-winning guest satisfaction scores. He brings extensive knowledge in the commercial arena, especially as it applies to the hotel industry, helping clients meet their investment and tax goals. Andrew completed his undergraduate studies at Bowling Green State University in Ohio and graduate studies at the University of Southern California in Los Angeles.


We'll provide some light snacks/drinks while networking before we jump into his presentation and then answer any questions you have.


MEETING AGENDA:
6:00-6:20 pm - Networking
6:20-6:40 pm - Jordan and Michael Intro and Future Meeting Agenda
6:40-7:00 - Networking Exercise
7:00-7:45 pm - 1031 Exchange Presentation
7:45-8:00 pm - Q&A / Networking


Book Exchange
We have an excellent library of real estate and self-improvement books available to borrow! This is a fantastic opportunity to discover new reads without the cost of buying every book.

Here's how it works:

Bring gently used business or real estate books you're willing to lend out (no torn pages, please!).
We'll have a designated exchange area where you can browse and swap books with others.
Please bring it back next month and find a new book to read.

Current Library:
-Creative Cash by Bill Ham
-Syndication is a B*tch by Bruce Peterson
-The Advanced Guide to Real Estate Investing by Ken McElroy
-Flip it, Bank it, Repeat it by Josh Altman
-How to Create Lifetime Cashflow through Multifamily Properties by Rod Khleif
-Secure Your Retirement Dreams with $afe Money by Brent Tycksen and Steve Outlaw
-Ten Paths- Ten Stories of Financial Freedom through Apartment Investing by Multifamily Deals Lab
-One Last Talk by Philip McKernan
-The Charge by Brendan Bruchard
-Dollars, Gold, and Bitcoin by John S. Pennington Jr.


This meetup is at the SVN Accel office in Brentwood, TN.
7000 Executive Center Dr. Ste 2-110. (Right behind Tacos 4 Life / Just Love Cafe)