1031 exchanges: what real estate investors need to know

#72: This week, I invited Bill Exeter to teach us about 1031 exchanges. He is the CEO of Exeter 1031 Exchange Services and has been doing 1031s for nearly four decades.You might know at a high level that a 1031 exchange means deferring real estate capital gains taxes. But the details are important to avoid dumb mistakes that will disqualify you.We discuss:Different types of 1031 exchangesKey criteria and deadlines + step-by-step process for executing a 1031How to optimize timing your buy/sell transactionsLike-kind replacement property rulesDomestic vs. foreign property exchangesWhat constitutes “Qualified Use” + holding period requirementsState tax consequencesWhy investors can’t do 1031s themselvesThe role of a Qualified Intermediary, how to vet one, and how much they costTax impact of converting a 1031 property into owner-occupied housing, and vice versaCommon mistakes that disqualify you from a 1031Proposed Biden administration changes to 1031s: likelihood of passage + actions you can take now to mitigate adverse tax impactCheck it out here:https://hackyourwealth.com/1031-exchangeEver done a 1031 transaction? What was your experience? Anything you would do differently next time? Let me know by leaving a comment.Don't miss an episode, hit that subscribe button...If you liked this episode, be sure to subscribe so you don’t miss any upcoming episodes!Apple PodcastsOvercastSpotifyStitcherI need your help, please leave a listener review :)If you liked this episode, would you please leave a quick review on Apple Podcasts? It’d mean the world to me and your review also helps others find my podcast, too!Links mentioned in this episode:Exeter Group1031taxreform.comHow to avoid capital gains taxes when selling your houseHow the Home Sale Capital Gains Tax Exclusion Works (HYW033)Schedule a private 1:1 consultation with meHYW private Facebook community   Intro/Outro: Old Bossa by Twin Musicom.