In this episode, Jesse Durham and David Feeser discuss the intricacies of 1031 exchanges, a powerful tool for deferring capital gains taxes on investment properties. David, an experienced attorney and qualified intermediary, explains the process, timelines, and various types of exchanges, including reverse and improvement exchanges. The conversation emphasizes the importance of planning, understanding depreciation, and the role of qualified intermediaries in facilitating successful exchanges. Listeners gain insights into how 1031 exchanges can be leveraged for wealth building and generational wealth transfer.
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