The 1031 exchange is a real estate strategy that many use to improve their performance in the market. If you’re not familiar with the 1031 exchange process, it is a way for real estate investors to sell an asset and reinvest the capital into another one without paying taxes on the profit. The idea is that your profits are put towards another asset and then when you sell that new investment, you’ll be able to claim all of your costs back.
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Show Notes:
0:00 Intro
0:12 Where 1031 Exchanges Take Place
5:34 Qualified Intermediary
9:15 QI Timeline
9:54 Scenarios
14:38 1031 Exchange in California
32:33 Outro
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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