In my conversations with business owners who own the property where they operate, is a common comment that goes something like this:“The building where I run my business doesn’t qualify for a 1031 exchange, because it isn’t considered an investment property.” Not only is that… Read More »Does Your Business Property Qualify for a 1031 Exchange? Absolutely
This Myth is More Common than You Think: You Can Use an Exchange to Defer Taxes on Your House Flipping Business If you’ve been following me, you know I love digging into the myths that swirl around 1031 Exchanges. And here’s one that comes up… Read More »Debunking 1031 Myths with Best 1031 Online
If you’ve been following along, you know we’ve been building a roadmap to help real estate investors stack the odds in their favor when completing a 1031 Exchange. In Part One, we tackled the shocking truth: more than 60% of exchanges fail, and the biggest… Read More »Planning – PT3: Next Steps – Know Your Options!
There’s a common misunderstanding about how long you must hold an investment property before it qualifies for a 1031 Exchange floating around the real estate world. I’ve heard it from investors, brokers, attorneys, and even CPAs. It goes something like this: “To qualify for a… Read More »Do You Really Have to Hold a Property for a Year?
One of the most common myths I hear online and in social media about 1031 exchanges is that you only need to reinvest the profit—the gain— from the sale of your relinquished property to defer taxes. That’s simply not true, and it’s a misunderstanding that… Read More »1031 Exchange Myth: You Only Reinvest the Profit from the Sale of Your Relinquished Investment Property
You’ve made the decision to sell your investment property that you have held onto long enough. That’s great! But before you pick up the phone to call a broker or stake a “For Sale” sign in the ground, I’m going to stop you right there.… Read More »Planning – PT2: First Steps