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NewswireToday - /newswire/ -
Brownsburg, IN, United States, 01/13/2009 - Envisioning Financial, Inc., an Indiana financial planning and consulting company, announced it has launched a new 1031 tenant in common (TIC) real estate exchange investment service, called Envisioning Exchange.
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The new service will offer education and assistance to accredited investors* and their advisors interested in exploring options for deferring capital gain and depreciation recapture taxes on appreciated real estate.
A 1031 tenant in common exchange allows a taxpayer to exchange one investment property for another and defer any tax obligations resulting from the sale. Although they carry the usual risks real estate ownership, including "illiquidity", possible loss of principal and economic risk, TICs can provide fractional ownership in institutional-grade properties that investors may not otherwise be able to access, while relieving them of property management and leasing responsibilities.
“Some real estate owners approaching retirement may be ready to take a less active role in property oversight but still retain access to potential income and possible appreciation,” said Envisioning Financial President Michael Curtiss. “For those individuals, the 1031 tenant in common exchange may be a viable option.”
Envisioning Exchange is affiliated with Pacific West Securities, a firm with a long history in the TIC industry. As a registered representative with Pacific West, Envisioning Financial founder Michael Curtiss can assist qualified investors and their advisors in determining whether a 1031 tenant in common exchange is a suitable investment. Envisioning Financial can also evaluate the suitability of other real estate investments, including non-traded real estate investment trusts and private note programs.
The company has launched a new website with detailed information on 1031 TIC exchanges and offers a complimentary introductory presentation to qualified potential investors.
*Accredited investors must have a net worth exceeding $1 million or individual net income of $200,000 or more annually: or a joint annual income of $300,000 or more for the past two years, and a reasonable expectation of doing so in the current year.
About Envisioning Exchange
Envisioning Exchange (envisioningexchange.com, envisioningfinancial.com) is a service of Envisioning Financial, Inc., a Brownsburg, Indiana-based financial planning and consulting company founded by Michael Curtiss, CFP®, MBA, CEBS. Envisioning Financial offers personal financial and retirement planning assistance and a complete range of investment management strategies, including 1031 tenant in common investments. Michael Curtiss is a member of the Tenant In Common Association (ticassoc.org). Securities are offered through Pacific West Securities, Inc. Member FINRA/SIPC. Advisory services provided through Pacific West Financial Consultants, Inc., a Registered Investment Advisor. For more information, visit the websites or call (317) 858-2222, toll-free (866) 858-2211 or email mikec[.]envisioningfinancial.com.
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