Learn the secrets of 1031 tax deferred exchanges in Gilbert.
This class is Module 37 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
- 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 more...
Check out the video and additional resources related to Secrets of 1031 Exchanges.
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