241: Multiply Your Wealth With 1031 Exchanges and Columbus, OH Market

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 20 May 2019

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Your equity is re-positioned when you make a 1031 Tax-Deferred Exchange.

All at once, you can:

Increase your cash flow
Increase your leverage ratio
Create arbitrage
Increase your velocity of money
Expand the value of your RE portfolio
Do it all with zero tax on the gains
Gain geographic diversity

Real estate capital gains tax is higher than many think: 15% - 23.8% Federal, plus State of up to 13.3%, plus Depreciation Recapture.

Californians could pay 37%+ in capital gains tax.

Fortunately for real estate investors, you can defer all of these taxes with a 1031 Tax-Deferred Exchange.

We discuss your 45-day and 180-day timelines, “like-kind”, your Qualified Intermediary, and 1031 traps to avoid.

Columbus, Ohio could potentially be a wise place to exchange your equity into.

Why Columbus?

Ohio’s largest city and capital
Fortune 500 companies
High rents & low purchase prices
Growing city
Family-friendly suburbs
Low cost of living with good incomes
14th-largest U.S. city
SFR Rents $800 - $1,300, Prices $80K - $150K

This provider has turnkey rehab operations integrated with management so that you can buy an “all-done-for-you” single-family rental property

Connect with the provider and get their Columbus Investor Report here: www.getricheducation.com/columbus.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Columbus Income Property:

GetRichEducation.com/Columbus

Forbes:

Californians Move, Then Sell

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Transcript

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0:00.0	Welcome to Get Rich Education. I'm your host Keith Weinhold to increase your velocity of money and your
0:06.8	cash flow, create arbitrage, amplify your financial leverage, and grow the size of your portfolio all at the same time,
0:14.0	and without being taxed on the gain, then a 1031 tax deferred exchange could be right for you.
0:20.0	Then we'll talk about where it might be a
0:22.0	wise place for you to invest those funds today on Get Rich Education.
0:29.5	MC Lobbscher is the host of the Cashflow Ninja podcast and president of producers' wealth.
0:34.9	He is on a mission to help you achieve financial independence and freedom as soon as possible.
0:40.5	He achieves this by integrating the infinite banking concept with real estate investments
0:44.6	to increase their returns and recapture cash flow that you are not even aware of that you're losing.
0:51.0	MC shares the number one strategy of investors in his holistic wealth creation
0:54.9	course at your own banking system.com. Learn the easiest way to create wealth and
1:02.6	passive income with real estate. Now you can access the best deals without the stress or hassle
1:07.3	of having to find, renovate, or manage those investment properties. Nerata real estate saves you time by providing you with passive income investment properties
1:14.6	in some of the best U.S. markets.
1:16.4	Learn more at passive real estateinvesting.com and download your free copy of the ultimate
1:20.9	guide to passive real estate investing.
1:23.2	There's no obligation and nothing to buy.
1:25.4	Simply visit passive real estate investing.com.
1:30.6	You're listening to the show that has created more financial freedom than nearly any show in the world.
1:37.9	This is Get Rich Education.
1:43.0	Music. education.
1:59.2	Welcome to GRE. I'm your host, Keith Weinhold, from Odessa, Ukraine to Odessa, Texas, and across 188 nations worldwide, you're listening to
	...

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