With the current bonus depreciation laws, you don’t need to consider 1031 for your real estate property. Besides, it’s impractical to do 1031 due to the legal and tedious process so syndications will not consider dealing with you.
Invest your money the right way, consider tax strategies that will benefit you, and never forget to build relationships with people that may be able to help you get from point A to point B in your investing journey.
Learn more about what it takes to be an investor.
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The Wealth Elevator Podcast: Real Estate, Taxes, Investing