5 • 1.1K Ratings
🗓️ 11 July 2023
⏱️ 14 minutes
🧾️ Download transcript
Welcome back to this week's No Limit Minute! This week we are talking about the 1031 tax deferred exchange in real estate investing, what it is and what the process looks like. We will explore the potential use of 1031 exchange funds in syndications and why syndicators are hesitant to accept the funds.
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0:00.0 | Now, let's take a quick break to hear from our show sponsor. |
0:09.0 | We all know that properly ensuring your property cost effective manner has become increasingly |
0:14.0 | difficult in the current market, especially if you own any assets than any coastal regions. |
0:19.8 | So what's the solution? |
0:21.4 | Brice Shields with Hub International has saved me tons of time and money consistently, even |
0:28.1 | in the current environment. |
0:29.6 | His depth of knowledge about real estate investing puts your needs at the top of his solutions. |
0:34.6 | He ultimately understands that every dollar you spend on insurance premiums actually |
0:37.9 | reduces your assets value and that you need an insurance broker who will squeeze every |
0:42.3 | penny out of the insurance. |
0:44.6 | As a specialist in commercial insurance with a strong support and claims team, he's |
0:49.0 | my go-to guy for years. |
0:50.6 | I mean, prior to partnering with Brice, we were just simply paying way too much for way |
0:55.0 | too little. |
0:56.5 | It's a common mistake that most people make when you do too much broker shopping. |
1:01.9 | We've all done it. |
1:02.9 | It's be honest. |
1:03.9 | But it actually hurts you more than it helps with Brice. |
1:05.9 | There's no need to shop around because with him working for a top five global insurance |
1:09.6 | brokerage, he has access to more options at a better rate with better coverage than most |
1:14.3 | other brokers in the entire industry. |
1:17.0 | He honestly took one look at our current policies and knew we weren't being as efficient |
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