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Code at UK. Today we're going to talk about the 1031 exchange and why it's currently being

eyeballed by the US Congress because they see it maybe it's troubling and also other members of Congress

see it as one of the greatest wealth-building tools in America, so you get this clash, right?

The reason this is such a powerful, powerful wealth-building tool is because you will not pay capital gains taxes.

When you sell that old investment property, instead of paying Uncle Sam, you're able to put this into a custodian, transfer the sale proceeds to the new properties

you've identified, and not pay taxes on that profit.

And you can continue to roll this your whole life and even pass it down to your children

and avoid having to pay capital gains taxes. It's the secret of wealth building.

And of course this is why there's a bit of clash in Congress for those people that just want to

tax everyone and for those other people who realize this is actually how you

build wealth and this is how you can contribute by building homes and helping out

the United States of America.

So there's this clash.

There will always be this clash inside of Congress.

...