There is no short cut to achievement. Life requires thorough preparation – veneer isn’t worth anything.
George Washington Carver
I am writing to make you aware of a tax reform proposal in Congress that will have a negative effect on residential and commercial real estate investments. Therefore, it will have a negative effect on all of us. Please read this important info below from IPX1031 and support the efforts to protect residential and commercial real estate investments, and the real estate industry by clicking on their link to send an e-mail to your Senators and Representative.
|I am writing to inform you of a proposal in Congress that will have a negative effect on real estate. Therefore, it will have a negative effect on all of the title operations here at FNF.
There are three tax reform proposals in Congress that would repeal Section 1031 of the tax code in order to raise revenue. While tax reform is a worthy goal, it would result in a 40% to 50% effective tax rate on many commercial and residential real estate investment transactions for both large and small investors. It is the wrong way to do tax reform.
Section 1031 allows real estate investors to sell a property, defer the tax, and reinvest the proceeds within 180 days. Section 1031 touches 45% of the investment transactions nationally. In Southern California, one commercial broker told us that 90% of their transactions involve a 1031 Exchange.
Section 1031 has been an important part of the tax code since 1921. Congress is wrong in assuming that it would raise revenue because eventually the taxes do get paid. Section 1031 is not a tax deduction. It is a tax deferral. It is also a very important economic stimulant.
IPX1031® is the FNF company that processes our 1031 business. They have a web site dedicated to tax reform.
I am asking each of you to click on the attached link below. The link allows you to send a letter to both of your Senators and your U.S. Representative. It takes 30 seconds.
Please understand that this is completely voluntary.
If you support our efforts to keep Section 1031, please forward this email to your employees, business associates, family and friends to ask for their support also. Thank you for your consideration.
IPX1031®’s web site dedicated to tax reform:
Please join the entire Real Estate Community in fighting this legislation Click on this link http://take-action.ipx1031.com/15473/send-message-to-congress
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Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail firstname.lastname@example.org or call me on my cell 520-975-5207 or Office:480-948-5554
Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
Office : 480-948-5554
View my listings and my profile at:
a little about me and my expertise – video
Delivering the New Standard of Excellence in Commercial Real Estate
Disclaimer of Liability
The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.