Highlights:
* Joe Rivas introduces and explains 1031 exchanges, focusing on benefits and limitations.
* Emphasizes the importance of setting up exchanges before closing to avoid taxes.
* Highlights include a 45-day identification period, 180-day completion timeline, and tax deferral strategies.
* Discusses special cases like reverse exchanges, where investors buy before selling, and construction/improvement exchanges for development.
* Stresses the importance of consulting a CPA or tax advisor, especially for foreign investors without a tax ID number.
* Joe offers assistance to agents nationwide, leveraging his expertise in 1031 exchanges.
Lab Coat Agents Podcast