The IRS knows they can't touch this one important rule. Yes, the 1031 exchange. So on today's

show, we're going to talk about one of the major tax saving strategies that all real estate

investors need to know about the 1031 exchange. In fact, it's been called the rich man's tool. That's right. A few

years back, Congress under pressure from the IRS, tried to change the 1031 exchange. And there was an

absolute revolt on Capitol Hill. I remember covering it here on the show. Even President Trump

stepped in to stop the madness because changing or hurting the 1031 exchange is like touching Social Security.

You just don't do it. You don't touch it. Hands off. Listen, I know it's easy to tune out when you hear

about advanced strategies that the ultra wealthy use to build wealth. And you're like, I'm not there.

I'm not there yet. I'm telling you, you need to pay attention. All real estate investors need to have

this information in their back pocket. You never know when you actually might need it. So I want you to

pay attention to what I'm about to tell you, even if you're not in the position to use this information

today. You can still plant the seed in your brain, come back to it, reference this video when you need it.

This is what smart investors

do. It doesn't matter if you're a pro investor or if you've never invested in a property.

Taking the time to learn about strategies is an incredible way to set yourself up for success.

First, let's start with the basics. What is it? What is a 1031 exchange? Well, a 1031 exchange

is a tax deferral strategy, and here's how it works. It allows you to essentially swap one investment property for another without being subject to capital gains taxes. Now, the 1031 exchange gets its name from Section 1031 of the Internal Revenue Code. And it's called an exchange because you're trading one investment for

another. Now, as you might guess, when you're dealing with the IRS, there's going to be a lot of

strict rules and a lot of moving parts with this. No surprise there. But because the tax benefits

of a 1031 exchange are so profound, it is well worth it. Okay? It's well worth a little bit of a

headache. Think of it like this.

Think of it like a tax break. Tax genius and CPA, Tom Wheelwright, always says that the government

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