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Real Estate Investing with Coach Carson
#395: How to Sell a Rental and Pay ZERO Taxes (1031 Exchange Step-by-Step)
Mar 24, 2025
Char Tovar, a savvy real estate investor, transformed a $48,000 investment into over $250,000 using the 1031 exchange strategy. She shares her fascinating journey from part-time to full-time investor, detailing her strategic decision-making when navigating long-distance real estate markets. Tovar explains the intricacies of 1031 exchanges, including critical timelines and the role of qualified intermediaries. Listeners gain insights into maximizing property investments while understanding the importance of a reliable local team and market analysis.
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Quick takeaways
- Char Tovar's strategic use of the 1031 exchange allowed her to defer $21,000 in taxes and reinvest for significant growth.
- Her adaptive investment strategy evolved from short-term rentals to long-term holdings, showcasing her ability to pivot based on market conditions.
Deep dives
Char's Real Estate Journey
Char began her real estate investing journey in 2018, initially working part-time while maintaining a W-2 corporate job. After relocating from Kansas City to Seattle, she focused on building her rental property portfolio, acquiring multiple properties, including a switch to short-term rentals in Phoenix. However, realizing her preference for passive investment, she returned to long-term rentals and eventually transitioned to full-time investing in 2024. This journey highlights Char's adaptability and strategic approach to real estate, as she balances both passive buy-and-hold investing with active flipping and wholesaling.
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Listen to the best highlights from the podcasts you love and dive into the full episode