Welcome back everybody to this week's segment of the no limit minute. And as you can already see, today's topic is about something really exciting.

Something that I've had a lot of questions around recently,

not only myself in our business, but also from other investors like you guys

listening to this podcast of want people wanting to know is this actually

possible there seems to be some fairly decently sized transaction volume still going on and honestly that has continued to go on

we just in the last six to 12 months.

It's really to the commercial space or honestly,

been outside the commercial space.

And so what we've seen is that there's been a lot of investors utilize the 1031 taxed ford exchange in their in the sale of their properties.

And so now they're having to roll it over and find a new investment for that.

Now for any of you out there that have no idea what the 1031 exchanges and its most basic form

it's quite literally gives you as the owner or the seller the ability to sell a property and not have to pay any

depreciation recapture and not have to pay any capital gains tax at all on your investment.

Now how's that possible, right?

How does that actually work?

Well, there's some nuances to it.

We won't dive too deep into the nuances other than just to tell you that basically once you sell the property you have to go through a qualified intermediary which is just going to be a company that actually specializes in 1031 tax deferred exchanges.

Once you sell the property, they're going to be the ones that receives all of the capital from the sale.

And then you'll go through a documentation process with them to go and find a like kind exchange asset.

So you have to find something that is very similar to that of the property that you just sold.

So let's say your property was worth a million dollars

and you had $200,000 of debt on it left.

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