#17 All You Need to Know About 1031 Exchanges with Greg Smith

11/15/22 • 41 min

In today's episode (#17) we interview Greg Smith. Greg has been in the business for 20+ years and has helped thousands of clients perform countless 1031 Exchanges. The 1031 Exchange is an incredible tax vehicle that can help you save more money as you invest in real estate!

IPX1031 Vice President Greg Smith, Esq., earned his B.A., magna cum laude, at Kenyon College, his J.D. at The Ohio State University College of Law, and is a member of the honors fraternity Phi Beta Kappa. Greg is licensed to practice in the Courts of Ohio and the U.S. District Courts for the Southern District of Ohio. He is a published author on numerous real estate subjects including tax deferred 1031 Exchanges, 1031 rules and 1031 regulations, and frequently speaks at 1031 Exchange seminars throughout the Midwest including Kansas, Kentucky, Missouri, and Ohio.

Connect with Greg at:
IPX1031.com
Toll-Free: (866) 443-1031
Cell: (614) 477-1301
Direct: (614) 559-1194
Email: [email protected]Sign up for the IPX 1031 email list on the website above!

Greg’s Li’l Nugget:

There is almost no harm in trying a 1031 Exchange. Even if you start the exchange, and you decide not to complete it, the only downside will be the $1,000 fee to IPX 1031 and the regular tax liability that you would already have.

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Garrett Gatton

Seth Ciminillo

Li'l Nugget Segment music: "Hip-Hop 1" by Deff Syndicate is marked with CC BY 3.0.

Connect with Greg at:
IPX1031.com
Toll-Free: (866) 443-1031
Cell: (614) 477-1301
Direct: (614) 559-1194
Email: [email protected]Sign up for the IPX 1031 email list on the website above!

Greg’s Li’l Nugget:

Connect with your Hosts:

Garrett Gatton

Seth Ciminillo

Li'l Nugget Segment music: "Hip-Hop 1" by Deff Syndicate is marked with CC BY 3.0.

Previous Episode

#16 How to Innovate in Commercial Real Estate with Jason Duff

In today's episode (#16) we interview Jason Duff. Jason Duff is the Founder of Small Nation. He leads the Small Nation team in developing places, spaces and dreams for small towns and small town entrepreneurs across the country.

Jason spends most of his time with the company establishing the overarching vision, goals and purpose that drive Small Nation forward. He believes in being a hands-on leader however, and can be seen acting as chief negotiator, architect, mechanic, sounding board, and mentor for the Small Nation group of companies at any time.

Jason’s passion for small businesses comes naturally. The 4th generation of a family of entrepreneurs, he has watched his great grandfather, grandfather, father and mother establish and grow successful businesses that impacted the community. As he grew up, he worked in most of these businesses, gaining first-hand knowledge of process, financial practices, and how “Hustling Hard” can bring great success.

Jason is a nationally published entrepreneurial thought leader and has written or been a contributor in Forbes, Inc. Fortune, Medium, Entrepreneur, The Huffington Post and Time. Jason writes and speaks about small businesses, entrepreneurship, the redevelopment and revitalization of small towns and his team’s groundbreaking “Hustle Hard” approach. He is truly passionate about helping communities develop and grow their “entrepreneurial ecosystem.”

Connect with Jason at:
https://smallnationstrong.com
Small Nation Podcast
Sign up for the Small Nation email list on the website above!

Jason’s Li’l Nugget:

Advertising! It is very simple, but a lot of owners/investors miss it. Create visually grabbing signage and share value add material on social media and email. Don’t just try to “sell” or be spammy with your audience.

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Garrett Gatton

Seth Ciminillo

Li'l Nugget Segment music: "Hip-Hop 1" by Deff Syndicate is marked with CC BY 3.0.

Next Episode

#18 Massive Tax Strategies Through Cost Segregations with David Shaya

In today's episode (#18) we interview David Shaya. David Shaya is a Regional Business Director for Madison SPECS, LLC. He develops new business opportunities by guiding clients in the ideal methods to maximize tax deductions and improve their cash flow.

Madison SPECS, LLC, provides expert cost segregation and fixed asset review services. A Cost Segregation study offers a tax savings analysis of real estate holdings, designed to reclassify real property expenditures eligible for accelerated tax depreciation deductions. Identifying and reclassifying these assets results in a reduced tax liability and increased cash flow. Madison SPECS has an experienced team of engineers, accountants, and tax experts, who work exclusively on cost segregation studies to ensure that clients obtain the greatest tax benefits from their real estate holdings.

Madison SPECS is a division of Madison Commercial Real Estate Services, a group of independent but related companies that offer specialty services for the commercial real estate market. These companies include Madison Title Agency, Madison 1031 and LeaseProbe/RealDiligence. Madison SPECS works in tandem with these specialized companies to deliver a comprehensive network of real estate services, providing customers with a smooth process in every step of the transaction.

Connect with David at:
madisonspecs.com
Email: [email protected]

David’s Li’l Nugget:

What kind of property should I buy to capture the most depreciation to limit my tax liability? The more specialized the building, the better! You will be able to write off so much more to help limit your tax liability. The difference between an empty warehouse and a medical office is substantial.

Connect with your Hosts:

Garrett Gatton

Seth Ciminillo

Li'l Nugget Segment music: "Hip-Hop 1" by Deff Syndicate is marked with CC BY 3.0.