What Every Investor Needs to Know When it comes to real estate investment, the tax strategies are powerful—but they can also be complex. One of the most important tools in the investor’s toolkit is the 1031 Exchange, which allows property owners to defer capital gains… Read More »Understanding 1031 Related Party Rules
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 more common questions I get —especially from folks who’ve owned their property for years—is: “Can I exchange my house?” Sometimes they’re talking about their personal residence, and other times it’s a second home they occasionally rent out or use during the holidays.… Read More »1031 Exchanges and Residential Properties: What’s Allowed?
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