Swap Till You Drop! E16
Selling an investment property could mean paying huge taxes… unless you know a Certified Exchange Specialist. And Carla does! In this episode of Smashing, Carla dives into the details of the 1031 exchange process which allows capital gains taxes to be deferred–if you follow the rules.
Think a conversation about 100 year old tax code sounds boring? You’d be wrong! Carla chats with 1031 exchange master Carmine DiFulvio from Security 1st Exchange. If you own or are considering owning an investment property in the future, you’ll want to hear all the ins & outs of section 1031 of the US tax code that really wasn’t understood or utilized for the first 50 years it was in place. 
Security 1st Exchange is a national Qualified Intermediary that assists taxpayers in the deferment of taxes through the 1031 Exchange process. Their parent company, Security 1st Title, is one of the largest independent title insurance providers in the country.
Security 1st Exchange facilitates exchanges in all 50 states for their clients. Their team of exchange professionals can assist with any 1031 related issues.
Carmine DiFulvio is the National Director for Security 1st Exchange, a wholly owned subsidiary of Security 1st Title.
Carmine has also acted as a Qualified Intermediary for Old Republic Exchange and First American Exchange Company in his over 20 years in the QI industry. During that time, he has facilitated over 18,000 1031 Exchanges for taxpayers.
Mr. DiFulvio provides education throughout the United States on the 1031 Tax-Deferred Exchange to Realtors, Tax Professional and Attorneys.
In his current role, Mr. DiFulvio also develops strategic plans and promotes revenue growth. Through encouraging collaboration and transparency, he encourages successful teamwork for a geographically diverse team, enabling outstanding customer service, and producing exceptional financial results.
Connect with Carmine on LinkedIn.
About the Show
Smashing Through Walls is geared toward a guide through complex commercial real estate and finance topics while adding humor and anecdotes along the way. Discover what is going on in the valley and beyond with host Carla Magee, broker at MHG Commercial.
About Our Host
Carla Magee’s background is designed with the investor in mind. After obtaining her finance degree from the University of Washington in Seattle, she worked for large corporations like Boeing and Microsoft. With a critical eye and flair for analytics, she was able to shave millions in lost profits, managing cross-functional teams by utilizing her Green Belt in Six Sigma and Masters Certification in Project Management.
Ultimately she realized that she couldn’t be contained in an office environment working for the corporate world. Being an investor herself, she came into real estate as an investment & multifamily property specialist, effectively applying her education & skillset. Carla excels in helping investors make sound decisions for their financial goals, in real estate negotiations, and takes deep pride in educating homebuyers and sellers.
On a personal note, Carla is a busy wife & mother to two daughters. In addition to an ever growing career and podcast, she also enjoys volunteering and being active in the community. She has a deep love for Arizona and although she travels whenever possible, she always finds her way back to the beautiful Sonoran Desert.
Connect with Carla on LinkedIn.
About Our Sponsor
MHG Commercial emerged from the highly successful and innovative residential brokerage: My Home Group. MHG Commercial’s vetted and experienced advisors have a wide range of complementary professional expertise that span over 100 years of cumulative experience.
Encompassing every aspect of commercial real estate from office to industrial development, raw land to luxury commercial, and multifamily to subdivision development. We excel at out of the box thinking and transactions that require a more hands-on approach and ingenuity.
No matter the property type or service need, our commercial advisors are committed to your objectives. Combined with business finesse and unsurpassed market intelligence, MHG Commercial brokers help you determine and surpass your business goals.
