Wayne E. Southward has been with his current firm since 1983 and became a partner in 2013. His legal practice focuses on real estate law, encompassing the buying, selling, and leasing of properties, financing for property acquisitions, and facilitating IRC Section 1031 tax-deferred exchanges. Additionally, he represents property owners in county Board of Revision cases and lenders in collecting delinquent mortgage loans. Wayne manages Bankers’ Title Agency of Springfield, Ltd., and The Southward Exchange Company, LLC. He is admitted to practice in Ohio and the U.S. District Court for the Southern District of Ohio. Wayne holds a B.A. from Wittenberg University and a J.D. from Boston University School of Law. He is involved in various professional and community activities, including the Ohio State Bar Association and church-related activities.
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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.
