Secrets of 1031 Exchanges

In this module (37 of 46 in the Real Estate Investing Secrets course), you will learn:

• 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, much more…

Secrets of 1031 Exchanges

Here are the slides from the presentation for your convenience…