Real Estate Investing with Coach Carson #395: How to Sell a Rental and Pay ZERO Taxes (1031 Exchange Step-by-Step)
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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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Clarksville Investment
- Char Tovar bought a single-family house in Clarksville, TN, for $192,000 in 2021.
- She put down $48,000 and secured a 3.25% interest rate on a 30-year fixed mortgage.
Importance of Local Team
- Build a reliable local team when investing long-distance.
- This team should include a real estate agent, property manager, and other relevant professionals for due diligence and market insights.
Buy Box Strategy
- Define your buy box criteria before investing.
- Focus on factors like location, property age, size, demand, and school districts to maximize potential.