1031 exchanges: what real estate investors need to know

Hack Your Wealth

Conteúdo fornecido por Andrew Chen. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por Andrew Chen ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.player.fm/legal.

3y ago 1:10:59

MP3•Home de episódios

#72: This week, I invited Bill Exeter to teach us about 1031 exchanges. He is the CEO of Exeter 1031 Exchange Services and has been doing 1031s for nearly four decades.

You might know at a high level that a 1031 exchange means deferring real estate capital gains taxes. But the details are important to avoid dumb mistakes that will disqualify you.

We discuss:

Different types of 1031 exchanges
Key criteria and deadlines + step-by-step process for executing a 1031
How to optimize timing your buy/sell transactions
Like-kind replacement property rules
Domestic vs. foreign property exchanges
What constitutes “Qualified Use” + holding period requirements
State tax consequences
Why investors can’t do 1031s themselves
The role of a Qualified Intermediary, how to vet one, and how much they cost
Tax impact of converting a 1031 property into owner-occupied housing, and vice versa
Common mistakes that disqualify you from a 1031
Proposed Biden administration changes to 1031s: likelihood of passage + actions you can take now to mitigate adverse tax impact

Check it out here:

https://hackyourwealth.com/1031-exchange
Ever done a 1031 transaction? What was your experience? Anything you would do differently next time? Let me know by leaving a comment.
Don't miss an episode, hit that subscribe button...

If you liked this episode, be sure to subscribe so you don’t miss any upcoming episodes!

I need your help, please leave a listener review :)

If you liked this episode, would you please leave a quick review on Apple Podcasts? It’d mean the world to me and your review also helps others find my podcast, too!

Links mentioned in this episode:

Intro/Outro: Old Bossa by Twin Musicom.

95 episódios

#Trading #Entrepreneur #Business #Podcasting Education #Andrew Chen #Fire #Financial Independence #Retire Early #Tax #Real Estate #Hustle #Investing #Careers #Family