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Brooklyn, NY – Lance Growth is the co-founder of Growth 1031, Inc., an exchange accommodator headquartered in Brooklyn, NY and San Diego, CA.
According to Lance, a 1031 exchange is a “tax shelter where people who sell investment properties can use to defer paying capital gains tax.”
According to the tax laws, an investor has 180 days to make a 1031 exchange, with the first forty-five days given to identify a property that they want to invest in.
“People think that a 1031 exchange is a tax loophole for the rich, but it’s a tax loophole for the informed,” explains Lance. “Anybody can do it with a property worth $5,000,000 or $50,000.”
“Because people are nervous when they do this, we offer personalized service and will offer our cell number to them,” touts Lance. “We want to assure them that they have a support system throughout the entire process.”
As Lance is eager to get the word out about 1031 exchanges, he hosts a webinar every two weeks which offers additional information and opportunities. “We’re very big on education,” confirms Lance.
Lance has been featured in Opportunity Zone Magazine as one of the Top Ten Most Influential People in the realm of Tax and Real Estate.
“People have to start making decisions about their money,” concludes Lance. “People should learn more about the benefits of a 1031 exchange and how to reinvest their money into real estate.”
For more information, please visit https://www.growth1031.com/ and his channel on YouTube