Episode 968
968: What Is a 1031 Exchange & How It Can Save You Money? - Episode 968
Investing in Real Estate with Clayton Morris | Investing for Beginners
July 27, 20238m 16s
Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
If you’re thinking about selling off one of your rental properties, you should be aware that doing so can leave you with a massive tax bill, thanks to capital gains taxes. If you sell an asset for more than you purchased it, the government collects a tax on that gain, which can be upwards of thousands of dollars. But with a 1031 exchange, you can buy a new property and defer those taxes entirely!
So today, we’re going to dive deep into what a 1031 exchange is, how it works, and how you can find out if this strategy is a good fit for you. Click play to learn more about how you can save money with a 1031 exchange.
So today, we’re going to dive deep into what a 1031 exchange is, how it works, and how you can find out if this strategy is a good fit for you. Click play to learn more about how you can save money with a 1031 exchange.