Old Capital Bonus Segment: Command Authority with Lane Beene - “What is a 1031 Tax Deferred Exchange; and How do you use it in Apartment Investing?

Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the US Air Force Academy and flew combat F16’s for over 28 years. Less than 15 years, he started with one single family home and turned that into a large multi-million dollar apartment portfolio…all during the time he was serving in the military. He is direct. He is smart. You need to listen to him if you are new to real estate investing. A 1031 exchange is a way to defer paying capital gains tax on the sale of property under Section 1031 of the Internal Revenue Service code. Lane discusses what savvy investors use as a ‘tool’ to defer capital gains on the sale of real estate. Lane is not a tax advisor, but will introduce you to the high level concept of what he has done in the past with tax planning. Please contact your financial advisor for a more in-depth discussion on your own situation.
To contact Lane Beene: lane.beene@pilot-legacy.com