387: How To Make Millions With 1031 Exchanges
The greatest tax gift that your government gives real estate investors could be the 1031 Like Kind Exchange. This allows you to defer your capital gains tax and depreciation recapture.
There is no limit to the number of times that you can do this during your lifetime. You can make millions more with 1031 Exchanges.
But there are some specific rules to follow, like the 45-day identification period and 180-day timeframe in which to close upon replacement property.
You must use a Qualified Intermediary (QI) to facilitate your exchange.
Learn the pitfalls that nullify one from doing an exchange.
This is a highly educational show.
Resources Mentioned >
Show Notes:
Get started with a 1031 Exchanges: www.GREmarketplace.com/1031 | Sign up for our free “Don’t Quit Your Daydream” newsletter: www.GetRichEducation.com/Letter | Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE | JWB’s available Florida income property: CashFlowAndGrowth.com | To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co | By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. | New Const. Florida SFHs & multifamilies: www.B2Rdirect.com | Best Financial Education: GetRichEducation.com | Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter | Top Properties & Providers: GREmarketplace.com | Follow us on Instagram: @getricheducation | Keith’s personal Instagram: @keithweinhold
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