1031 Exchange | What You Need to Know

Рет қаралды 4,949

Real Estate Finance Academy | Trevor Calton

Күн бұрын

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The 1031 exchange, is one of the most beneficial advantages to a real estate investor in terms of tax benefits. And it allows the investor to keep their capital invested throughout the lifetime of their investment career without having to take portions of it and pay capital gains taxes with it.
[00:00:00] Introduction to 1031 Exchange
[00:00:21] How 1031 Exchange Works
[00:02:09] Role of Qualified Intermediary in 1031 Exchange
[00:03:37] Key Components of 1031 Exchange
[00:04:16] Understanding 'Like-Kind' Property
[00:05:26] The Importance of Written Agreement
[00:06:19] Understanding the Timelines
[00:07:15] The Importance of Replacement Property Search
[00:07:52] Understanding 'Constructive Receipt' and 'Boot'
[00:08:26] Identifying Potential Replacement Properties
[00:09:06] Closing the Replacement Property Deal
[00:09:25] The Power of Repeating 1031 Exchange
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Пікірлер: 13

@saruinity 24 күн бұрын

Thank you for making the video. Very clear explanations and detailed 😊

@RealEstateFinanceAcademy 24 күн бұрын

Thank you! Glad it was helpful! 😊 - Trevor

@gilborealty 4 күн бұрын

Good video. How does the exchange treat deposits on the new property? Is that coming from the Exchanger or the investor?

@veritasmanagement18 2 ай бұрын

Great video. Thanks.

@RealEstateFinanceAcademy Ай бұрын

Glad you liked it! - Trevor

@Joees-wp2zm 22 күн бұрын

Doesn't the "like-kind property" aspect have to be real estate that similar in nature? Such as exchanging investment-property for investment-property?

@RealEstateFinanceAcademy 22 күн бұрын

No, all real estate is considered “like kind“. However, you are correct that the 1031 exchange only applies to investment properties, so you cannot apply it to your personal residence. Hope that helps to clarify! - Trevor

@Joees-wp2zm 21 күн бұрын

@@RealEstateFinanceAcademy it does! Thank you!

@papajoe5331 28 күн бұрын

question i borrowed 20k for my someone in order to add a new roof and new paint on property now I i want to sell and do a 1031 can someone add a record a lien of the 20k to pay them back?

@RealEstateFinanceAcademy 28 күн бұрын

If you signed something that pledges the property as security, then yes, they can put a lien on the property (such as a mechanic’s lien for contractors, or a mortgage lien for lenders). If you don’t pay them back and they sue (which is easy) the court can also place a lien on the property. Comunícate with whoever loaned you the money and make paying them back a priority before you sell, or from the proceeds of the sale. As long as you don’t take constructive receipt of the sale proceeds, you should be safe to do the 1031 exchange. Hope that helps! - Trevor

@papajoe5331 25 күн бұрын

@@RealEstateFinanceAcademy thank you for the info

@RealEstateFinanceAcademy 25 күн бұрын

@papajoe5331 Happy to help! - Trevor