1031 Exchange Episode 3

1031 Exchange Episode 3

How to DEFER paying taxes on your Real Estate Gains

taxes-150x150None of us like the tax man taking our hard earned equity or money. Today’s show we are going to discuss 1031 exchange and how you can defer taxes on the sale of a property giving you more money to purchase other investment properties quicker and have more money working for you.

01:43 Honored to be featured in Top Agent Magazine for the Eastern Seaboard. To view the article write up Click HERE

 

02:40 Update on the book Transform I am co-authoring with Brian Tracy and Nick Nanton. CLICK HERE to see the press release

04:21 What is a 1031 Exchange and why would you want to use one

10:36 What is the process of an exchange? I discuss what a “like-kind” property is and why you MUST use it. I also discuss what are the timelines in a 1031 exchange and are they flexible

14:28 What are the rules for finding a replacement property in a 1031 exchange.

19:28 What is a 1031 exchange BOOT and how does it affect me?

24:08 What is a reverse 1031 Exchange and how does it differ from a regular 1031 exchange