1031 exchanges: what real estate investors need to know

Hack Your Wealth

Andrew Chen에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Andrew Chen 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

3y ago 1:10:59

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#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.
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Intro/Outro: Old Bossa by Twin Musicom.

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