In this episode of Anderson Business Advisors, Toby Mathis, Esq., welcomes Anderson Attorney Jonathan Evans, Esq., to dig into the ins and outs of using the IRS’ 1031 exchange in your real estate investment toolbox. Jonathan shares what a 1031 exchange is, how it works, what types of real estate investments you can exchange, the potential pitfalls, using a qualified intermediary (QI), and more.

Highlights/Topics:

Light/kind or 1031 exchanges
Using 1031 as a tool – only for trading real estate investment properties
Carrying out the transfer - using an intermediary or ‘accommodator’
Other rules and requirements - timeframe and number of properties
Debt and the 1031 - mortgage boot
Pitfalls and potential problems - what you can’t do
Qualified intermediaries - check references
Intent vs. hard rules
Drop-n-Swaps, multiple owners/syndicates, LLCs
Have a structured game plan before entering a 1031
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Resources:

Anderson Advisors

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Toby Mathis YT

https://www.youtube.com/@TobyMathis

Tax & Asset Protection Events

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How To Use The 1031 Exchange To Avoid Taxes In Real Estate Investing