Name

Paul Savery

Company

Asset Preservation Inc.

E-mail

Contact Paul Savery (Asset Preservation Inc.)

Website

http://www.apiexchange.com

Office Phone

(866) 681-1031

Alt. Phone

(781) 878-8302

Fax

(339) 200-3067

Description

Asset Preservation Inc. (API) is the country's leading 1031 Qualified Intermediary (QI) for 1031 exchanges, offering the highest level of fund safety. We can complete your exchange in less than 24 hrs

About Us: About Paul and 1031 Exchanges with Asset Preservation

Paul Savery, Division Manager with Asset Preservation Inc. is the Massachusetts, New Hampshire, and Rhode Island 1031 expert and handles all major cities throughout this area, including: Boston, Worcester, Springfield, Cape Cod, Martha's Vineyard, Nantucket, Providence, Newport, Nashua, Portsmouth, Concord, Plymouth, among all others in MA,NH, and RI.

Mr. Savery has an extensive background in the real estate industry, having been involved with real estate investing and working for one of the South Shore's largest real estate brokerage firms selling commercial properties. He helps show real estate investors and their advisors how to take advantage of the tax benefits in Internal Revenue Code §1031 tax deferred exchanges and how to acquire better performing investment properties.

Asset Preservation, a subsidiary of Stewart Title Company, is a leading national IRC §1031 "Qualified Intermediary" and is efficiently handling exchanges in every state. Combining a national title company as a partner has proven to be the approach of choice by astute investors. Asset Preservation is one of the most respected national Qualified Intermediaries in the United States and has successfully completed over 140,000 §1031 exchanges throughout the nation.

Presently, Mr. Savery dedicates a significant portion of his time speaking to accountants, attorneys, financial planners, real estate agents, commercial brokers and real estate investors throughout Massachusetts. He lectures on the subject of IRC §1031 tax deferred exchanges and related real estate matters. His exchange presentations are always practical and feature many real-life exchange scenarios to illustrate a wide range of investment and tax strategies.

Mr. Savery received his Bachelor of Arts degree from St. Michael's College and earned his MBA from Babson College. He is also a licensed Realtor in the state of Massachusetts. He is President of the Cape Cod Landlord Association and is an active member of The Boston Landlord Association. He has authored several articles about 1031 exchanges published in Banker & Tradesman, The Boston Business Journal and The New England Real Estate Journal, among others.

Areas of Expertise

Paul is well-versed in IRC 1031 exchanges. IRC section 1031 of the tax code is one of the most misunderstood areas of real estate investing.  Section 1031 of the tax code permits sellers of appreciated investment property to defer the capital gain tax the IRS would recognize on the sale if they purchase replacement investment property within 180 days.

However, there are a number of rules and grey areas that require the investor to seek the guidance from their tax/legal advisors. One of section 1031's principal requirements is that the seller (also known as the taxpayer) cannot actually or constructively receive the proceeds from the sale of the relinquished property. Qualified Intermediaries (also known as accommodators and facilitators) are a "safe harbor" under section 1031, permitting these entities to hold the taxpayer's sales proceeds during the 180 day exchange period, preventing them from receiving the funds.

Paul offers free consultation to attorneys, accountants, real estate professionals and investors to explore the issues that may need additional guidance from the taxpayer's legal advisor. She works closely with the advisors to make sure they have all of the technical information they need to competently advise their clients regarding the advisability of an IRC section 1031 exchange.

A 1031 exchange is not right for every taxpayer and Paul takes great pride in making sure that the taxpayer's legal advisor have sufficient information and education to competently and confidently guide their clients through the 1031 exchange process.

Feel free to call or email Paul regarding any 1031 exchange-related question (866-681-1031).

Testimonials

Do you have any good testimonials that clients have provided you in the past? Be sure to add them here.

We strive to make each §1031 tax deferred exchange presentation informative and relevant by using real-life scenarios which illustrate a wide range of §1031 exchange alternatives and solutions for investment property owners. Reflected below are comments from past class attendees:

"Excellent Content and Presentation. Great course."
Terri, Realtor, Hull, MA  

"Excellent presentation. I already have a client to work with." 
Karen, Realtor, Boston, MA

"Awesome presentation. Very interesting investment techniques that were well explained and illustrated.
Paula, Attorney, Providence, RI

"Many of my agents learned something, but most learned a lot! 
David, Broker, Boston, MA

"The presenter did a great job of condensing complicated material into a concise and dynamic presentation."
John, CPA, Attleboro, MA  

"Your seminar was truly outstanding...... one of the best I have taken in a very long time..... thank you."
Bill, Commercial Realtor, New Bedford, MA  

"I thoroughly enjoyed the presentation. I learned a lot and can pass the information to my clients with some degree of intelligence."
Vera, Realtor, Boston

"Good seminar. I learned some new tricks to reduce capital gains for clients."
Mark, Attorney, Attleboro, MA

"I thought the presentation was excellent. Paul did a great job presenting so that it was easily understood."
Dan, Realtor, Boston, MA

"Very good class. I especially liked the information on TIC's.
Steven, Attorney, Providence, RI

"The class was very informative!"
Lauren, Broker, Newton, MA

Call Paul Savery at 866-681-1031 to schedule a §1031 exchange class for your office or organization.