One Year Ago, Matt did a presentation about buying an out of state property using a 1031 exchange that was going to cost him nothing out of pocket, provide significant cash flow and huge tax savings. Now, 1 year later, he will now give us a quick recap of the deal and some very important lessons learned through this process and the current operations at the property.
Topics that will be covered:
Air Rights - what they are and how they work
1031 - basics on how this type of tax-deferred exchange works
Depreciation - how this works including Bonus Depreciation
Financing - options and important information on dealing with a lender
Capital Improvements - how these can directly increase the value of your property.
And as always this will be an awesome evening of Networking with Real Estate Investors of all levels of experience.
Street parking is FREE after 6:00 pm, please allow time to park.
Remember, Your Net Work = Your Net Worth.
About Our Speaker:
Matt Picheny is the Managing Partner at MJP Property Group (www.mjppg.com), a real estate investment company. He has been involved in single-family, multifamily & vacation rentals for over 14 years.
Matt has experience in property valuation, acquisition, new construction, rehab projects, property leasing, management, financing and is a Fannie Mae approved buyer. With an investment portfolio of over 2,000 units, he is primarily focused on acquiring and repositioning multifamily communities.
As a PMI certified Project Management Professional, Matt has a proven track record of delivering projects on budget, on schedule and at the highest quality standards. He is a marketing veteran whose 20-year New York City career spanned several of the world’s largest advertising agencies, producing award-winning projects for Fortune 500 clients including Verizon, IBM, and Coca-Cola.