Ep #7: The Secrets to Deferring Taxes and Building Wealth Using a 1031 Exchange

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 7 February 2014

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Leonard is a frequent keynote speaker and an accredited course instructor on the subject of 1031 Tax Deferred Exchanges. He has presented his popular real estate and tax workshops to over 12,000 people, and is the author of dozens of published 1031 Exchange related articles.

If your goal is paying fewer taxes on your real estate investments and maximizing your returns, then it’s imperative that you listen to this interview with Leonard Spoto. Leonard gives us multiple strategies to using a 1031 exchange to build your wealth.

In this interview with Leonard, you will learn:

How the 1031 exchange can help you build and preserve your wealth
The basic structure and steps taken to perform a successful 1031 exchange
The biggest mistakes made by new investors when trying to execute their first 1031
The 4 different types of exchanges and detrmining which one is right for you
Why you’d be foolish not to roll your property into a 1031 exchange

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.7	This is the Real Estate Investing for Cash Flow podcast.
0:25.3	Now, here's Kevin Bup.
0:31.6	Well, hello again, guys.
0:35.7	This is your host, Kevin Bup, here with episode number seven of the
0:40.0	Real Estate Investing for Cashlow podcast. Today, we're going to be speaking with Leonard
0:45.0	Espoto with the asset exchange company. He's the principal and co-founder of the asset exchange
0:50.7	company, which specializes in 1031 real estate exchanges and but before we get
0:56.6	on to our talk with leonard i like to talk to you a little bit about my week and what i have going on
1:01.0	and i know you guys always like to hear about what kevin bup has going on in his world so it's been
1:05.7	a little crazy i have to say you know two weeks ago we were hanging out in Turks and K Coast and enjoying
1:11.8	some R&R and the beautiful sunshine.
1:14.7	And, you know, we got back and tried to get back into our normal daily routine and
1:19.8	had some mission.
1:20.8	My wife started having some medical issues.
1:23.5	And about two days after getting back from our trip, she started experiencing some very strong
1:28.3	stomach pains. And within a day, we were taking her to the ER. I'm thinking that it might
1:33.7	have been something, some kind of food poisoning, E. coli, bacterial type infection or something
1:39.3	that she picked up while we were in Turks and Kako. So it was a scary week. She was admitted
1:44.1	Wednesday and actually got released this weekend from the hospital
	...

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