The Investor's Guide to 1031 Exchanges: Maximizing Your Tax Benefits with Joe Rivas Ep 243
Apr 5, 2024
34:05
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.
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