Pamela A. Michaels, Esq. is an attorney with extensive experience in real estate and financial sectors, currently serving as Vice President of Asset Preservation, Inc. since 2004. Her expertise primarily revolves around guiding various professionals, including attorneys, CPAs, investors, and real estate professionals, through the intricacies of IRC §1031 exchanges. Pamela is actively involved in educating these groups through practical presentations across New York and the Northeast, utilizing real-life scenarios to demonstrate investment and tax strategies. Before her tenure at Asset Preservation, Inc., Pamela held executive roles and served as general counsel for various financial organizations and real estate companies. She gained recognition for her effective workout strategies in the commercial sector, particularly during the S&L crisis, helping financial institutions manage their non-performing real estate portfolios. Her background encompasses a broad range of real estate activities including acquisitions, financing, construction, and sales.
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Because the 1031 Exchange rules permit owners to use the property part of the year, exchangers can have a cash-flowing, appreciating investment that also serves as their semi-permanent vacation property.
Learn how a 1031 Improvement Exchange can enable a value-add real estate investment strategy while also deferring capital gains taxes.
Review some common 1031 exchange examples and take advantage of our profit-generating ideas to use the 1031 Exchange to make your property portfolio more profitable.
