MassLandlords Networking: 1031 Exchanges

[Jillian Campayno]

*Part I: Topic TBA
We're holding this slot for educational content requested by members. Suggestions? Email us at [email protected].

*Part II: Section 1031 Exchanges
What's the biggest tax savings ever? How about if you saved over $100,000? Come learn about IRS Section 1031, which allows owners to avoid recapture tax.

In a nutshell, owners can depreciate their property, saving tens or hundreds of thousands of dollars in taxes over the life of the building, and then they can sell out and transfer that money into new property of like kind without paying recapture tax. Everyone serious about rental property as an investment vehicle should understand Section 1031. But it's not for the faint of heart! Tight timelines are involved. If you do it only once if your life, it will still save you $100,000 or more, depending on the value of your property.

This part will be presented by Chris Brown of Edmund & Wheeler.

*Have you seen our Leave Stuff, Take Stuff Table?
Market your business, pick up handouts, give away an old doorknob. Everything goes on our first-come, first-served display table at all our events. Please bring business cards, brochures, coupons. And feel free to pick up your own uncollected marketing materials at the end. Everything not claimed end-of-event may be chucked.

*"No Sales Pitch" Guarantee
MassLandlords offers attendees of directly managed events a "No Sales Pitch" guarantee. If a guest speaker offers services, their presentation will not discuss pricing, promotions, or reasons why you should hire them. We do not permit speakers to pay for or sponsor events. Guest speakers are chosen for their expertise and willingness to present helpful educational content. Your purchase of an event ticket sustains our nonprofit model.

*Wednesday, November 13th Meeting Agenda
-5:30pm Sign-in/Networking
Networking draws from Worcester, Shrewsbury, Millbury, Auburn, Leicester, Paxton, Holden, West Boylston, Boylston, Grafton, Upton, Northbridge, Sutton, Oxford, Charlton, Spencer, Oakham, Rutland, Princeton, Clinton, and Sterling.
-6:15pm Buffet Dinner by The Vintage Grille
-6:40pm MassLandlords Business Update and Member Minutes
Member Minutes - Any member can have the mic for 60 seconds (introduce yourself, ask a question, share words of wisdom, etc.)
-7:00pm Rich Merlino Meeting Introduction
-7:05pm Member topic TBA
-7:45pm Section 1031 Exchanges
-9:00pm Doors close

*Location
Worcester Technical High School
1 Skyline Dr
Worcester, MA 01603

*Parking
There is ample free parking in the first lot you see, in the covered garage to your left, on top of the garage (entrance further down road), and around the back of the school

*Food
-Cheese and crackers, sodas, water, coffee, decaf
-Hot buffet dinner, incl. salad, rolls
-Cookies, brownies, and/or blondies
*Dietary restrictions: purchase an early-bird ticket and email [email protected], we will accommodate you.

*Pricing
Open to the public. Membership is not required!

-Door:
Public: $24
Members: $19
-Early-bird, reserve seven days prior by 12pm:
Public: $22
Members: $14

Premium Members: No charge and no need to register

*Extra Credit
-First time attendees: Join as a member before leaving the event, your public ticket will be credited toward membership.
-Members: Bring a first-time attendee who joins at the event, your membership will be extended by one month free. No limit.

Tickets at MassLandlords.net/events