What You Must Know About How Proposed Changes to 1031 May Be “Tremendous Blow” to Multifamily Investors

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Proposed Changes Of Section 1031 Of The Tax Code Stands To Stagnate The Multifamily Housing Market

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(Spin Digit Editorial):- Nashua, New Hampshire Jun 17, 2021 (Issuewire.com) – With the proposed changes to section 1031 of the IRS code, the multifamily real estate market is in for a more than likely slow period for the foreseeable future. Experts say that the new tax laws proposed are set to affect 1031 exchanges where the profits exceed $500,000. 

MultiFamily WarRoom is ready to share the options and solutions that real estate investors are looking for.

Marc Landis, who heads real estate practice at New York-based law firm Phillips Nizer, said that fewer real estate deals would be a “tremendous blow” to state and local governments that are already on weak financial footing due to the pandemic.

“If the transaction volume is driven down, that’s going to be another hit on tax collections,” he said.

But some aren’t panicking and have even found more than one answer to this challenge.  

“If you know what to do to plan for it, and structure your deals the smart way you can still create immensely profitable opportunities in multifamily real estate,” said Charles Dobens, principal at Dobens Law, Co-Founder Of Multifamily Warroom & Host of the Deals On The Table event. “That’s why we created the “Deals On The Table” workshop.”  

MultiFamily WarRoom invites you to join them for a brand new exclusive event for real estate investors scheduled for July 18th – 20th, 2021, and July 23rd – 25th, 2021.

Jillian Sidoti said, “With former clients like Cardone Capital, our team at MultiFamily WarRoom knows what’s working in today’s multifamily market” — and they’re ready to share it.  

“From evaluating deals to drafting irresistible offers, we’re helping people discover exactly what you need to know to secure high-profit, low-risk deals at our workshop, “Deals on the Table,” said Jillian Sidoti, Founding Partner Of Crowdfunding Lawyers LLP, Co-Founder Of Multifamily Warroom & Host of the Deals On The Table event.

They say SEATS ARE LIMITED & INVITATION ONLY, so move quickly to request your invitation and find out more. Go to https://dealsonthetable.com

About MultiFamily WarRoom: Whether it is your first deal or your hundredth, MFWR offers aspiring and experienced real estate developers, investors, and entrepreneurs training and mentorship to help take the first steps toward finding and funding their multifamily projects.  Get access to earnest money and a team of experienced professionals to help you at every stage in the growth of your Multifamily Business. Your financial freedom and your legacy start with MultiFamily WarRoom. 

About Jillian Sidoti & Charles Dobens: Charles Dobens has owned and operated over $20,000,000 as a multifamily investor. He is an attorney and mentor to multifamily investors all around the country. Charles is principal at Dobens Law and founder of the Multifamily Investing Academy. In September 2020, Charles and Securities Attorney Jillian Sidoti co-founded the Multifamily WarRoom.

Jillian is the founding partner of Crowdfunding Lawyers, LLP. Established in 2014, Crowdfunding Lawyers, LLP clients have gone on to raise over $4 billion in capital! Jillian is also an attorney, speaker, entrepreneur, mama, and former college professor.

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For more information, please visit http://dealsonthetable.com or contact us at [email protected]

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This article was originally published by IssueWire. Read the original article here.