Using the 1031 exchange option with investment properties

Wagner 1031 Session

Illinois REALTORS® President-elect Dan Wagner at the 1031 exchange session.

The 1031 exchange can be an important tool for deferring tax burdens when buying and selling “like-kind” investment properties, according to panelists at the REALTORS® Conference & Expo session, “1031 Exchange: Another Tool in Your Toolbox.”

Illinois REALTORS® President-elect Dan Wagner was among the panelists. He is the senior vice president of government relations for the Oak Brook-based Inland Real Estate Group of Companies.

The 1031 exchange option can allow investment property owners to defer taxes such as capital gains taxes, state taxes and more when they sell one investment property and buy another qualifying property. Another option is investing through a Delaware Statutory Trust, of DST.

Want to learn more about the 1031 exchange? Conference Live 2017 interviewed Wagner before his session about what’s new on the 1031 front. Some good news is that the latest federal tax reform proposals do not include any changes to the 1031 exchange option, he said.

Wagner, Ruggieri honored with 2017 National Commercial Awards

REALTORS® Alex Ruggieri and Dan Wagner

Illinois REALTORS®  President-elect Dan Wagner and REALTOR®  Alex Ruggieri were both honored for excellence in commercial real estate Saturday during the REALTORS®  Conference & Expo in Chicago on Saturday.

Wagner, of Wheaton, is the senior vice president of government relations for the Oak Brook-based Inland Real Estate Group of Companies, one of the nation’s largest commercial real estate and finance organizations.

Ruggieri, CCIM, CIPS, CRE, GRI, is the senior investment advisor
with SVN-Ramshaw Real Estate in Champaign. Ruggieri is the chair of NAR’s Commercial Leadership Forum, where the awards winners were honored on Saturday.

Apply for $1,500 MIPIM stipend before Nov. 30 deadline

Some real estate representatives navigate to MIPIM conference in Cannes, France by water.

Illinois REALTORS® interested in global real estate can apply for one of 10, $1,500 stipends to attend what’s billed as the largest real estate conference of its kind in the world. MIPIM 2018 will be in Cannes, France, March 13-16. Here’s how to apply.

The deadline for submitting MIPIM stipend applications is Nov. 30. Winners will be judged on:

  • demonstrated track record of participation in global real estate activities at the local, state or national association level;
  • global real estate-related designations (i.e. – CCIM, CIPS, CRE, etc.); and
  • experience with international real estate transactions.

Others will fly to the MIPIM conference.

But applying for the stipend is just part of the process. Members of the National Association of REALTORS® can get a discounted registration rate for MIPIM, and the registration code will be available soon from NAR. Once it is announced, the code will be available on the Illinois REALTORS® MIPIM page.

In the meantime, REALTORS® who want to attend MIPIM should start making hotel and plane reservations, and start the process of applying for a passport if they don’t already have one.

The annual conference on the French Riviera attracts more than 24,000 people who are engaged in all aspects of the real estate business. The conference features a massive trade show and the opportunity to meet with decision-makers from some of the world’s largest firms.

Wagner to speak about 1031 like-kind exchanges at REALTOR® Conference & Expo in November

Illinois REALTORS® Treasurer Dan Wagner is scheduled to present “1031 Exchange: Another Tool for Your Toolbox,” at the REALTOR® Conference and Expo on Nov. 5.

Wagner, senior vice president of government relations for the Oak Brook-based Inland Real Estate Group of Companies, will start his hour-long message at 1:30 p.m. in the McCormick Place West Building.

Dan Wagner

With the threat of changes to U.S. tax laws, the preservation of 1031 like-kind exchanges is a frequent topic of discussion for Wagner, who earlier this month appeared on the digital online show, “Market Overdrive,” with REALTOR® Karla Mina of Coldwell Banker Residential in Chicago, and Nick Memeti, founder and chief executive officer of iLoan Home Mortgage. Watch a YouTube video of his appearance.

Register for the Conference & Expo now.

 

Wagner writes in favor of like-kind exchanges in Crain’s Chicago Business

Dan Wagner

By preserving 1031 like-kind exchanges in the midst of calls for tax reform, legislators will help small business owners and investors, writes Illinois REALTORS® Treasurer Dan Wagner in an opinion piece for Crain’s Chicago Business.com today.

Titled, “Tax reform noble but hands off like-kind exchanges,” Wagner outlines several reasons why the elimination of like-kind exchanges would be detrimental to the economy and to individuals.

Wagner is the senior vice president of government relations for the Oak Brook-based Inland Real Estate Group of Companies, one of the nation’s largest commercial real estate and finance organizations.

Active in the real estate industry since 2004, Wagner has been involved in all levels of the REALTOR® organization, with a particular focus on commercial real estate and government affairs efforts. In 2016, he served as president of the Chicago Association of REALTORS®.

On the national level, Wagner has been actively involved with the National Association of REALTORS® (NAR). He currently serves as the 2016 Commercial Liaison for NAR and is the immediate past chair of the Commercial Legislation and Regulatory Advisory Board.