Upstate Carolina Real Estate Investors Association

Upstate Carolina Real Estate Investors Association

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Main Monthly Meeting

with... John Boyd

Selling a property & want to DEFER TAXES on your capital gains? Learn about the powerful tool, 1031 Exchanges, by John Boyd, CEO of Banker Exchange in Greenville since 1992. BONUS: 2 Landlord Assistance Programs! Master Lease & Rent Paid!

Monday, November 16, 2020 6:00 PM - 9:00 PM
Embassy Suites Greenville Golf Resort
670 Verdae Blvd Greenville, SC 29607
Why pay capital gain taxes NOW on a sale when you may pay LATER on down the road....? The Bankers Exchange, QI,  can show you how. Learn about the powerful tool, 1031 Exchanges, by John Boyd, CEO of Banker Exchange in Greenville since 1992. His company is a Qualified Intermediary that handles 1031 Exchanges for many transactions at arms length from you.  There are many rules to follow to do this correctly.  

What is a Qualified Intermediary? A 1031 Qualified Intermediary (QI) is a person or company who facilitates Internal Revenue Code (IRC) section 1031 tax-deferred exchanges. Under §1031, the exchange of qualifying, like-kind property may defer the recognition of capital gains due upon sale, and therefore defer all or some of the capital gains taxes otherwise due.
Key considerations when selecting a Qualified Intermediary Professional.

Join us for our monthly meeting for networking, education, and more! Members always free; guests welcome with small fee.
Networking hour runs from 6 - 7 PM and the Main Meeting begins at 7 PM and runs until 9 PM.
See below BONUS SESSION on 2 landlord assistance programs,  Yes, that’s right. Finally, some assistance for landlords with defaulting tenants or vacancies during COVID. 

    Landlord Assistance Program - Greenville Housing Fund

    Due to the impacts of COVID-19, landlords are struggling to pay their mortgages and assist tenants with rent payments.  The majority of landlords operate one or two units and do not have the reserves to support themselves and their tenants.  In partnership with Community Works Carolina and Greenville Housing Fund, the Landlord Assistance Program will provide monthly rental assistance of $1,000 per month or up to 100% of the monthly rental to cover rent incurred between March 27, 2020 and December 1, 2020 for a maximum period of 9 months.  Landlords may apply on behalf of their tenants, so long as the tenants consent and provide necessary documentation.

Master Lease with Rent Guarantee - United Housing Connection (UHC pays the rent!)

The master lease program is a pilot program that has several components including:

*UHC engaged in a? long-term lease (2 to 5 years) with a property owner for a block of units
*UHC assumes tenant management responsibilities under sub-lease terms and would lease the units to low-income families and individuals experiencing barriers preventing them from obtaining a lease on their own
*UHC would provide case management and a rewards program to encourage maximum housing stability and self-sufficiency
*Property owner insurance program -- UHC will be able to assume some costs of repairs to units

Free For Members

Date:  Monday, November 16, 2020
Time:  6:00 PM - 9:00 PM

Embassy Suites Greenville Golf Resort
670 Verdae Blvd
Greenville, SC 29607

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Upstate Carolina Real Estate Investors Association

4501 Old Spartanburg Rd, Suite 15
Taylors, SC 29687
(864) 542-4202

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