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Using 1031 Exchange Strategy to build Generational Wealth Using Real Estate

February 17, 2023 by Omar Virjee

Using 1031 Exchange Strategy to build Generational Wealth Using Real Estate

The IRS Code has a well kept secret that some real estate investors have used over the past decades to defer taxes and create generational wealth. This is called the Section 1031 Exchange. Section 1031 Exchange allows you to sell a piece of appreciated real estate and defer the taxes as long as invest the […]

Filed Under: Business Taxes, Case Studies

Dentist with Real Estate Case Study

October 31, 2022 by Omar Virjee

Case Study Income before planning: $951,596 Income Tax before planning: $317,018 Income Tax after planning: $9,766 Savings: $307,252 Strategy Used: Multiple, including real estate, Cost Seg, time of write offs A dentist that owned two successful offices came to us with a huge estimated tax bill. The client owned the real estate upon which both […]

Filed Under: Business Taxes, Case Studies

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