How to Buy a Multifamily Out Of Thin Air (Literally)
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- 05/12/19 09:00AM - 09:00AM America/New_York
- 134 West 29th St, #709 New York, New York 10001
- $10
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While we aren't fans of "no money down" schemes (or scams) there are ways to legitimately use real estate & tax laws to your advantage. Through the use of Air Rights, a 1031 exchange and Bonus Depreciation, learn how Matt Picheny is purchasing a small multifamily out of state that will cost him nothing out of pocket, provide significant cash flow and huge tax savings.
Topics that will be covered:
Air Rights - what they are and how they work
1031 - the basics on how this type of tax-deferred exchange works
Depreciation - how this works along with the recent changes to the tax laws that can lower your yearly tax bill
And as always this will be an awesome evening of Networking with Real Estate Investors of all levels of experience.
To support our amazing venue, there will be $10 charge. However, food and drink will be provided.
Event Agenda
6:00 - 6:45 Presentation by Matt Picheny
6:45 - 7:00 Q&A
7:00 - 8:00 Networking
RSVP and reserve your spot today!
About Our Speaker:
Matt Picheny is the Managing Partner at MJP Property Group (www.mjppg.com), a real estate investment company. He has been involved in single family, multifamily & vacation rentals for over 13 years.
Matt has experience in property valuation, acquisition, new construction, rehab projects, property leasing, management, financing and is a Fannie Mae approved buyer. With an investment portfolio of over 1,350 units, he is primarily focused on acquiring and repositioning multifamily communities.
As a PMI certified Project Management Professional, Matt has a proven track record of delivering projects on budget, on schedule and at the highest quality standards. He is a marketing veteran whose 20-year New York City career spanned several of the world's largest advertising agencies, producing award-winning projects for Fortune 500 clients including Verizon, IBM, and Coca-Cola.
This event is sponsored by Red Pocket Equity Partners and Lotus Capital.
Red Pocket Equity Partners (www.rpequity.com) aim to bring our investors attractive private investment opportunities which are traditionally reserved only for high net worth individuals and ultra-wealthy. For more information, please reach out to us at [email protected]
Lotus Capital (www.LotusCapitalCRE.com) is a real estate private equity firm based in Greenwich, CT that enables busy people to invest in high-grade multifamily investments that deliver double digit, risk adjusted annual returns. For more information reach [email protected]