The Investor's Guide to 1031 Exchanges: Maximizing Your Tax Benefits with Joe Rivas Ep 243
Lab Coat Agents Podcast - A podcast by Tristan Ahumada, Jeff Pfitzer & Nick Baldwin
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Highlights:* Joe Rivas introduces and explains 1031 exchanges, focusing on benefits and limitations.* Emphasizes the importance of setting up exchanges before closing to avoid taxes.* Highlights include a 45-day identification period, 180-day completion timeline, and tax deferral strategies.* Discusses special cases like reverse exchanges, where investors buy before selling, and construction/improvement exchanges for development.* Stresses the importance of consulting a CPA or tax advisor, especially for foreign investors without a tax ID number.* Joe offers assistance to agents nationwide, leveraging his expertise in 1031 exchanges.