1031 Exchange | What You Need to Know

For more Training & Coaching: realestatefinanceacademy.com/
For Commercial Loans & Investments: evergreen.llc/
---
The 1031 exchange, is one of the most beneficial advantages to a real estate investor in terms of tax benefits. And it allows the investor to keep their capital invested throughout the lifetime of their investment career without having to take portions of it and pay capital gains taxes with it.
[00:00:00] Introduction to 1031 Exchange
[00:00:21] How 1031 Exchange Works
[00:02:09] Role of Qualified Intermediary in 1031 Exchange
[00:03:37] Key Components of 1031 Exchange
[00:04:16] Understanding 'Like-Kind' Property
[00:05:26] The Importance of Written Agreement
[00:06:19] Understanding the Timelines
[00:07:15] The Importance of Replacement Property Search
[00:07:52] Understanding 'Constructive Receipt' and 'Boot'
[00:08:26] Identifying Potential Replacement Properties
[00:09:06] Closing the Replacement Property Deal
[00:09:25] The Power of Repeating 1031 Exchange
real estate seminar
real estate finance and investments
commercial real estate classes
real estate investment seminar
real estate finance course
real estate investment analyst
real estate investment mentor
real estate workshop
commercial real estate coaching
commercial real estate mentor
real estate masterclass
real estate finance class
commercial real estate mentorship
property investor seminar
property investment seminar
real estate finance training
property investment training
real estate financing course
property investment masterclass
real estate investor seminar
property finance course

[@saruinity]

Thank you for making the video. Very clear explanations and detailed 😊

[@RealEstateFinanceAcademy]

Thank you! Glad it was helpful! 😊 - Trevor

[@Joees-wp2zm]

Doesn't the "like-kind property" aspect have to be real estate that similar in nature? Such as exchanging investment-property for investment-property?

[@RealEstateFinanceAcademy]

No, all real estate is considered “like kind“. However, you are correct that the 1031 exchange only applies to investment properties, so you cannot apply it to your personal residence. Hope that helps to clarify! - Trevor

[@Joees-wp2zm]

@@RealEstateFinanceAcademy it does! Thank you!

[@veritasmanagement18]

Great video. Thanks.

[@RealEstateFinanceAcademy]

Glad you liked it! - Trevor

[@papajoe5331]

question i borrowed 20k for my someone in order to add a new roof and new paint on property now I i want to sell and do a 1031 can someone add a record a lien of the 20k to pay them back?

[@RealEstateFinanceAcademy]

If you signed something that pledges the property as security, then yes, they can put a lien on the property (such as a mechanic’s lien for contractors, or a mortgage lien for lenders). If you don’t pay them back and they sue (which is easy) the court can also place a lien on the property. Comunícate with whoever loaned you the money and make paying them back a priority before you sell, or from the proceeds of the sale. As long as you don’t take constructive receipt of the sale proceeds, you should be safe to do the 1031 exchange. Hope that helps! - Trevor

[@papajoe5331]

@@RealEstateFinanceAcademy thank you for the info

[@RealEstateFinanceAcademy]

@papajoe5331
Happy to help! - Trevor

[@timandnatd]

Qualified intermediary. Ah, “government created jobs” because of government regulation driving up costs and leading to inflation.