Navigating 1031 Exchanges: The Ultimate Guide for Real Estate Investors | Mike Auerbach | 1297

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 4 April 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dive into the world of real estate investment mastery with the latest episode of the Epic Real Estate Investing Podcast, as Mercedes Torres takes the stage from the Rube Cobb Conference in St. Louis, Missouri. Joined by 1031 exchange specialist, Mike Auerbach, this episode unveils the secrets behind maximizing real estate investments through strategic exchanges. Discover the intricacies of 1031 exchanges, a powerful strategy empowering investors to swap properties while deferring capital gains taxes. Torres and Auerbach unravel the mysteries surrounding this tax-deferment tactic, answering burning questions and delving into the benefits and risks associated with it. Throughout the conversation, listeners gain valuable insights into the importance of meticulous planning, the nuances of 'like-kind' investments, and the critical timelines and procedures essential for executing a seamless 1031 exchange. Learn firsthand about Auerbach's role as a qualified intermediary and the pivotal role his company plays in facilitating these transactions. But that's not all; this episode isn't just about dispelling myths and debunking misconceptions. It's a roadmap to financial freedom in the real estate world. Torres and Auerbach address common misunderstandings about property titles and delve into the often-misunderstood realm of partial exchanges, ensuring listeners walk away armed with knowledge and confidence to make informed investment decisions. Whether you're a seasoned real estate mogul or just dipping your toes into the market, this episode is a must-listen for anyone looking to turbocharge their investment portfolio, maximize returns, and create wealth efficiently. So, tune in now and embark on your journey to real estate success! P.S. Whenever you're ready to go deeper and further with your real estate investing, looking into my partner program to help you get your first deal might be the move... take the first step here for free 👉 https://epicearnwhileyoulearn.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terrio media.
0:04.0	There's two major rules to do in a 1031.
0:06.0	One, the IRS mandates you must use a qualified intermediary,
0:10.0	which is what 1031 specialist is.
0:12.0	It's an independent third party
0:14.3	that has to facilitate the transaction.
0:16.6	And two, you can't take constructive receipt
0:19.1	of your funds for even a second,
0:20.8	or else the IRS deems, you know, hey Mercedes, that's a taxable event.
0:25.6	We're gonna have to tax you because you took control of your funds.
0:28.9	For even one minute.
0:30.6	For even one second.
0:31.9	Hey, strap in.
0:34.0	It's time for the epic real estate investing show.
0:37.0	We'll be your guides as we navigate the housing market,
0:40.0	the landscape of creative financing strategies and everything you need to swap that office chair for a beach chair.
0:46.4	If you're looking for some one-on-one help, meet us at re IAS.com
0:50.5	Let's go, let's go, let's go, let's go, let's go let's go let's go let's go let's go let's go let's go let's go
0:54.6	let's go let's go
0:56.1	Hello and welcome welcome to the epic real estate investing podcast my name is Mercedes Torres I am lucky enough to be partners in crime with Mr
1:05.7	Matt Terrio, the guy who created the epic real estate empire. Now I am coming to
1:12.0	you and recording live from St. Louis, Missouri at the Rupkab
	...

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