1031 Exchanges
A 1031 Exchange is one of the best tax planning tools out there to help you retain more of your profits when you want to sell a property and reinvest the money into a newer or larger (or beachier!) place. We don't DO the exchanges, but a lot of our clients use this smart strategy to save money on taxes. I have also used a 1031 on a sale of one of my own rentals, so I'm familiar with it from the inside as well.
To help clear up some of the mystery involved in this complicated process, I sat down with a very knowledgeable 1031 Exchange provider and asked him to walk me through the process, starting with a general overview and then looking closer at some of the specific details. Below you will find some audio clips I have cut up from that interview. These bite-sized pieces should help you understand the 1031 Exchange process and clear up some of the questions you may still have.
If you are thinking of selling one of your current rental properties and would like to make the most of your hard-earned investment dollars, I'd recommend you strongly consider using a 1031 exchange to your advantage.
To help clear up some of the mystery involved in this complicated process, I sat down with a very knowledgeable 1031 Exchange provider and asked him to walk me through the process, starting with a general overview and then looking closer at some of the specific details. Below you will find some audio clips I have cut up from that interview. These bite-sized pieces should help you understand the 1031 Exchange process and clear up some of the questions you may still have.
If you are thinking of selling one of your current rental properties and would like to make the most of your hard-earned investment dollars, I'd recommend you strongly consider using a 1031 exchange to your advantage.
If you are ready to get started, give me a call today at 334-821-1227.
Chris Kearns
Chris Kearns