If you're feeling the pressure of the 45-day identification period in a 1031 exchange, and worried about overpaying for a property, then you are not alone! Imagine having the negotiating power on your side and avoiding the rush to meet the identification deadline. Don't miss out on the reverse exchange strategy that could change the game for your real estate investments. Let's dive deeper into this powerful tool and how it can benefit your portfolio.
The 1031 exchange is a tax deferral, not a tax-free exchange. There are strategies to eventually make that tax go away. - Drew McCabe
In this episode, you will be able to:
Discover effective real estate investing strategies for beginners that can kickstart your portfolio growth.
Uncover the benefits of 1031 exchange in real estate and how it can help you achieve tax deferral and increased buying power.
Learn how to identify properties for 1031 exchange, maximizing your portfolio expansion potential.
Explore the reverse 1031 exchange process and the advantages it offers for strategic real estate investing.
Find out how to grow your real estate portfolio strategically using 1031 exchange, unlocking new opportunities for investment.
Drew McCabe is a seasoned real estate entrepreneur with over 20 years of experience in various sectors of the industry, including rental properties, fix-and-flips, and new construction. With a strong focus on 1031 exchanges, he has become a trusted authority in the field. Drew's early exposure to real estate, being raised by a real estate attorney father and growing up around rental properties, has significantly influenced his career path. His extensive expertise and strategic approach to real estate investments make him a valuable guest on the podcast, providing practical insights and knowledge to the audience.
The key moments in this episode are:
00:00:00 - Drew's Real Estate Journey
00:09:29 - Holding onto Properties
00:13:27 - 1031 Exchange Basics
00:22:15 - Reverse Exchange
00:29:42 - Seller's Perspective on 1031 Buyers
00:32:49 - Potential Changes to 1031 Exchanges
00:38:33 - Concerns about Landlord Regulations
00:42:03 - Benefits of Working with Independent 1031 Companies
The resources mentioned in this episode are:
Visit the website ERG1031.com to learn more about 1031 exchanges and access valuable resources for real estate investors.
Call 303-789-1031 to speak with the experts at Exchange Resource Group and get personalized assistance with your 1031 exchange questions and needs.
Sign up for the monthly newsletter to receive educational content and updates on 1031 exchanges, including invitations to informative Zoom calls.
Consider attending continued education sessions for real estate professionals to gain in-depth knowledge about exchanges, reverse exchanges, and other related topics.
Share this podcast episode with friends and colleagues who may benefit from learning about 1031 exchanges and real estate investment strategies.
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