Women Invest in Real Estate WIIRE 175: Defer Taxes Using a 1031 Exchange with Kathy Fettke
7 snips
Apr 21, 2025 
Kathy Fettke, a real estate expert and host of the Real Wealth Show, dives into the world of 1031 exchanges, revealing how investors can defer taxes by reinvesting in similar properties. She shares her personal journey and emphasizes the importance of planning, timelines, and professional guidance to avoid costly errors. Kathy also encourages women to seize control of their financial futures through real estate, stressing the significance of educational empowerment and legacy planning in building generational wealth. Tune in for valuable insights and real-life success stories!
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Fear Comes From Lack of Knowledge
- Kathy explains that fear in real estate investing stems from lack of knowledge.
- Gaining knowledge and education erodes fear, empowering confident investment decisions.
Plan Before Your 1031 Exchange
- Always engage a CPA and a reputable 1031 exchange company before selling or buying to comply with strict timelines.
- Never receive the sale proceeds directly; funds must be held in trust to maintain tax deferral.
Kathy's Dad's 1031 Exchange Story
- Kathy Fettke shares how she helped her father avoid paying hundreds of thousands in taxes by finding a replacement property within the 45-day 1031 exchange window.
- This led them to become landlords and inherit property with stepped-up basis, illustrating real estate's problem-solving power.