))
Secrets of 1031 Exchanges
Manage episode 485792499 series 3409615
Content provided by Real Estate Financial Planner LLC and James Orr and James Orr. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Real Estate Financial Planner LLC and James Orr and James Orr or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Learn the secrets of 1031 tax deferred exchanges in El Paso.
This class is Module 37 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
- What is a 1031 tax-deferred exchange?
- What are the key aspects of a 1031?
- The 4 types of 1031 tax-deferred exchanges and when we use each
- Defining like-kind and understanding what you can sell and buy with exchanges
- Specific exclusions with 1031 exchanges
- Refinancing before or after you do a 1031 exchange to pull cash out
- Why you can’t touch any of the money during the exchange
- Who can’t be your intermediary
- The strict time limits on 1031 exchanges
- The 3 rules for identifying replacement properties in 1031 exchanges
- 3 examples: without a tax-deferred exchange, with a 1031 and a 1031 with boot
- The danger to real estate investors of using a Qualified Intermediary (QI)
- Considerations when selecting a QI
- Questions to ask your prospective QI
- 3 sample contract provisions for required for completing a 1031 exchange
- Post-exchange documentation
- Adjusting basis when selling some of the properties you’ve 1031 exchanged into
- Avoiding boot when dealing with closing costs
- Typical costs for 1031 tax-deferred exchanges
- Asset protection and title solutions with 1031 exchanges
- How to 1031 out of a partnership when partnerships are not considered acceptable like-kind property
- How to utilize 1031 proceeds to partner with others when partnerships are not acceptable like-kind property
- Owner-occupying after completing a 1031 exchange to take advantage of the home sale exclusion
- The complicated process of 1031 exchanges into REITs
- How to invest in real estate and never pay capital gains or depreciation recapture taxes
- Can you 1031 exchange and pay off mortgages on other properties with the proceeds?
- Plus much more...
Check out the video and additional resources related to Secrets of 1031 Exchanges.
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the El Paso real estate investor podcast? Book a free consultation to discuss.
160 episodes
Share
