Today we talk the ins and outs of 1031 exchanges—a powerful real estate tool that lets investors defer taxes when selling investment or business property. Michael Velasco, founder and qualified intermediary of Exchangeable, and one of only around 120 certified exchange specialists nationwide.
We discuss what a 1031 exchange really is, why so many property owners still don’t know about it, and the nuts and bolts you need to get started.
We talk about the different types of exchanges (including the elusive reverse and improvement exchanges), strategies to avoid common pitfalls, and the importance of understanding your legal entities and getting expert advice before beginning.
Top 3 takeaways:
Connect with Michael Velasco- www.1031exchangeable.com
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Disclaimer:
The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, investments, or financial instruments. Private placements and alternative investments are speculative and involve significant risks, including the potential loss of your entire investment. These investments are often illiquid, meaning they may not be easily sold or converted to cash, and investors should be prepared to hold them for an extended period of time. These opportunities are typically suitable only for accredited investors and may not be appropriate for all listeners. Always consult with a qualified financial advisor, attorney, or tax professional before making any investment decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.