1031? Come and get all your Questions Answered

For a few month the team at #1 Properties Ranch and Recreation has been kicking around ideas about how we continue to add value and expand our service to our clients. As real estate brokers we want to be sure that we are providing as much customer service and knowledge sharing to our clients before, during and after the real estate transaction. As a group we all agreed having educational topics and seminars are crucial to stay abreast of ever changing products in the marketplace. One particular area that has many layers and sometimes myths as to what is possible is the 1031 exchange.

We are excited to be hosting an educational session this week Thursday February 16, 2023 at 6pm. We will be providing food and the event will be held at Wyoming Bank and Trust Community Center. The address is 5827 Yellowstone Road, Cheyenne Wyoming. We do ask that participants RSVP here.

Some of the topics to be covered are as follows,

  • 1031 Essentials:

    • 1031 rules and timelines

    • Calculating capital gains

    • What is “like-kind”?

    • Vacation and Second Homes

    • Reverse exchanges

    • Tax free exit strategy from 1031’s

    • Exchanging mineral rights, water rights and conservation easements

This educational session will be taught by Tracey Wilson and Danita Vigil of IPX1031. We are very excited to share this education with our clients and friends. Read their bios below,

For the most recent 15 years, Tracey Wilson has been a Senior Consultant and Managing Director of Business Development, and Vice President of IPX1031, helping facilitate 1031 Tax Deferred Exchanges. Tracey is an expert in the 1031 Exchange rules and 1031 regulations of Delayed, Simultaneous, Reverse and Improvement Exchanges and provides nationwide Qualified Intermediary services to his clients. Prior to joining Investment Property Exchange Services, Inc., Tracey had over 13 years of investment banking experience with Credit Suisse First Boston in New York and Zurich, and Merrill Lynch in New York, Denver, and Hong Kong. He is a certified instructor with the State of Colorado Real Estate Division, Colorado State Bar Association, and the Colorado Society of CPAs providing CE, CLE, and CPE accredited classes. Tracey has been an adjunct faculty member of Regis University teaching accounting, finance, economics, and statistics. He has a BS in Finance and Engineering, an MBA in Finance, and is currently working on his MS in Accounting. As Vice President and Account Executive for Colorado and Wyoming,

Danita Vigil’s main focus at IPX1031 is to help closers simplify transactions, exceed client satisfaction and produce seamless 1031 Exchange transaction processes. A 2nd generation title insurance worker, Danita started with Security Title Guaranty Co. in 1981 before transferring to sister company First American Heritage Title Company in 1992 where she enjoyed managing production and marketing efforts for over 15 years. Through mergers and acquisitions, Danita now has her 39 year service award from Fidelity National Financial, the parent company of Investment Property Exchange Services, Inc.

So again we hope to see you at the event, just please remember to RSVP.

Search Articles

Recent Articles

Jeff Garrett and Tommy Wiles: APEX Producers Club Winners!