Why You Should NOT Do 1031 Exchange! Instead, Do This!
The Wealth Elevator Podcast: Real Estate, Taxes, Investing · The Wealth Elevator Podcast
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Show Notes
Can exchanging your property with a different property(1031 strategy) bring any good than harm?
1031 Exchange in general has a tax deferral advantage BUT its drawbacks outweigh its benefits.
This includes high fees and charges, not having control over the property and poor liquidity of the asset.
Educate yourself.
Don’t fall into the 1031 trap!
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