One of the more common questions I get —especially from folks who’ve owned their property for years—is: “Can I exchange my house?” Sometimes they’re talking about their personal residence, and other times it’s a second home they occasionally rent out or use during the holidays.… Read More »1031 Exchanges and Residential Properties: What’s Allowed?
One of the most common myths I hear online and in social media about 1031 exchanges is that you only need to reinvest the profit—the gain— from the sale of your relinquished property to defer taxes. That’s simply not true, and it’s a misunderstanding that… Read More »1031 Exchange Myth: You Only Reinvest the Profit from the Sale of Your Relinquished Investment Property
You’ve made the decision to sell your investment property that you have held onto long enough. That’s great! But before you pick up the phone to call a broker or stake a “For Sale” sign in the ground, I’m going to stop you right there.… Read More »Planning – PT2: First Steps
I’ve guided countless investors through the standard “sell first, buy later” tax-deferred exchange process, aka the Delayed Exchange. But there’s another tool in the 1031 playbook that doesn’t get nearly enough attention—yet it can be a game-changer when executed properly. I’m talking about the Reverse… Read More »Understanding the Reverse 1031 Exchange: A Powerful Strategy for Savvy Investors
One of the most misunderstood—and frankly underused—strategies in the tax-deferred exchange world is the Build-to-Suit Exchange, also referred to as an Improvement Exchange. The name might sound technical, but the concept is relatively straightforward: rather than just buying an existing replacement property “as-is,” the Build-to-Suit… Read More »Utilizing the Build-to-Suit 1031 Exchange: A Smarter Way to Trade Up
Why 60% of 1031 Exchanges Fail: No Plan = No Chance You’ve probably heard the saying before: “People don’t plan to fail—they fail to plan.” That quote couldn’t be more true when it comes to 1031 Exchanges. The following is an overview of the steps… Read More »PLANNING – A FOUR PART SERIES