The Wealth Solution Webinar

Are you uncertain how to manage your wealth? Concerned you won’t be prepared for retirement? Do you want to leave a lasting legacy for your heirs? Have you clearly defined your personal and financial goals? 

The Wealth Solution webinar will show you how to:

• overcome key investment challenges
• demystify the investment planning process
• create a total investor profile and select a true wealth manager – or be your own!

Presented by:

Josh Koehnen, MsBA, CFP® 

CERTIFIED FINANCIAL PLANNER™ practitioner

Hosted by:

William L. Exeter

President and Chief Executive Officer

Exeter 1031 Exchange Services, LLC

Register here

Happy New Year!

The Exeter Learning Institute's team of 1031 Exchange Experts and Advisors would like to wish each and everyone of our readers a very Happy, Healthy and Prosperous New Year.

Did You Buy Substantially The Same Property That You Identified In Your 1031 Exchange?

I know, I know.  You are wondering what I've been drinking.  But, this is a real issue.  In fact, It is a really critical issue when you are being audited.

It does in fact come up during income tax return audits, especially when the California Franchise Tax Board is the audit agency.  The California Franchise Tax Board has been taking very hard look at just this issue.  We've been brought in as 1031 Exchange experts on audit cases for this very issue. 

Actual Case Study
Let's look at an audit case that we recently consulted on.  The investor/taxpayer sold a property ("relinquished property") and structured a 1031 Tax Deferred Exchange transaction.  The investor/taxpayer identified his intended purchase ("replacement property") within the required 45 calendar day identification period.

His identification read like this: 12345 Main Street, Anytown, CA 92345

He made an offer, which was accepted, to buy an undivided ten percent (10%) interest in his identified property, and he actually closed on the purchase of the fractional interest well within his 180 calendar day exchange period.

Acquiring Substantially The Same Property
The issue is this, by identifying the property as 12345 Main Street, he has effectively identified 100% of the property as his intended replacement property.  However, he only acquired a ten percent (10%) interest in the property. 

The question then becomes, did he actually acquire substantially the same property as the property that he identified if he only acquired ten percent (10%) of what he actually identified. 

I know, I know, this is like splitting hairs.  But, the California Franchise Tax Board is taking this very position right now.  They have disqualified the 1031 Exchange under audit because he did not acquire substantially the same property that he identified. 

Investors/taxpayers structuring 1031 Exchanges must be very, very careful when identifying their intended like-kind replacement properties so that they do not run afoul of the hyper-critical taxing authorities today. 

What Exactly Is A Self-Directed IRA?

I just spoke with a taxpayer that asked, "Well, what exactly is a self-directed IRA.  This is actually a very good question; one that is often very misunderstood, because all individual retirement accounts or IRAs are self-directed! 

Self-Directed IRAs Allow Alternative Investments
The retirement services industry has loosely used the term self-directed IRA to describe IRAs that allow the taxpayer/investor to buy "alternative investment" such as real estate, Deeds of Trust, Mortgages, Tax Lien Certificates, and more, inside of their IRA. 

All IRAs Are Self-Directed IRAs
However, the taxpayer/investor always chooses what financial institution to place their individual retirement account with, so they are ALL self-directed IRAs.  The taxpayer/investor can choose to open, transfer, withdraw and close their IRA at, to or from any institution they wish to work with.  So, you can see that all IRAs are self-directed IRAs. 

IRA Custodians or Trustees Are The Key
The real difference is the investments that an IRA Custodian or Trustee will allow the taxpayer/investor acquire inside of their IRA.  The majority of financial institutions do not permit "alternative investments," but there are about ten or so nationwide that do so.  So, the key is to identify the right IRA Custodian to suit you. 

1031 Exchange Basic Webinar by Bill Exeter (On Demand)

William L. Exeter, President and Chief Executive Officer of Exeter 1031 Exchange Services, LLC has over 30 years of experience in the fiduciary services industry and is a renowned real estate tax strategist.

Mr. Exeter joins Silver Stream Advisors’ President Gregg Wood and his team of real estate experts to bring you a brief education on buying real estate using 1031 Exchange strategies Mr. Exeter will provide you a greater understanding of what 1031 Exchanges are all about and how to invest using 1031 Exchanges, while Mr. Wood will discuss how Silver Stream Advisors’ trademarked Real Estate Money Machine™ investment model will grow your retirement and take advantage of the incredible investment opportunity in real estate.

Both Mr. Exeter and Mr. Wood are committed to providing investors the highest levels of experience, expertise and security of funds in the industry.

Join us for this on demand webinar.

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This webinar will teach you:

• What a 1031 exchange is
• How to sell & reinvest using a 1031 exchange
• 1031 exchange strategies and requirements
• How to regain control of your retirement using Silver
  Stream Advisors investment opportunities
• Tax strategies of the wealthy

For those prepared with the right tools, there has never been a better time to invest in real estate. Learn the secrets of the rich to control their financial future. We look forward to seeing you there.

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