970: 5 Amazing Benefits of a 1031 Exchange - Episode 970
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 3 August 2023
⏱️ 6 minutes
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Summary
This can be a great investment strategy for investors for a multitude of reasons. On this episode of Investing in Real Estate, you're going to learn the five major benefits of a 1031 exchange! Click play to learn more about the amazing benefits of this tax strategy.
Transcript
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| 0:00.0 | With Peloton offering up to 400 pounds of selected bike plus and tread packages, |
| 0:04.7 | you might go all in with their classes and become a marathon training, shadow boxing, weightlifting, |
| 0:09.2 | yoga-loving force of nature, or you may just want to be able to touch your toes. |
| 0:15.0 | From big sweaty goals to bendy toe touching goals and everything in between |
| 0:18.8 | start strong with up to 400 pounds of selected Peloton packages. |
| 0:22.8 | Offrons 31st of January 2024. |
| 0:24.7 | Internet connection and Peloton all access membership at 39 pounds per month required. |
| 0:27.8 | Term supply, see 1 Peloton. |
| 0:29.2 | Code at UK. Today we're going to talk about five amazing benefits of using a 1031 exchange. |
| 0:40.3 | Now a 1031 exchange is a tax deferral tool that real estate investors use to build wealth, save on taxes and expand their portfolio. |
| 0:48.0 | This strategy is applicable to any investor that wants to sell an existing property and then trade up for higher cash flow or a better investment in a better area with a higher internal rate of return. |
| 1:00.0 | Essentially a 1031 exchange allows you to sell a piece of real estate, a real estate property, |
| 1:05.3 | and then reinvest the funds in another property. |
| 1:08.7 | Now today I'm going to share five major benefits of using a 1031 exchange. |
| 1:13.3 | Number one, the tax benefits. |
| 1:15.5 | By rolling one asset into another, you can defer the capital gains taxes on the sale of |
| 1:21.4 | your rental property. This has the potential to your rental property. |
| 1:23.0 | This has the potential to save you thousands of dollars in capital gains taxes, |
| 1:27.6 | and it allows you to upgrade by rolling this property into a better one. |
| 1:32.4 | Number two, let's talk about portfolio growth and diversification because a 1031 exchange |
| 1:38.1 | often allows an investor to take one high value property and then buy multiple properties with higher returns. |
| 1:45.4 | Let me give you an example. |
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