If you sell a rental property you must pay taxes on the capital gains. On this page you’ll learn about one of the most powerful tax-saving strategies available for real estate investors: the 1031 exchange.
1031 exchanges continue to be one of the greatest tools real estate investors use to create real wealth. However, this tax-deferring strategy can be somewhat tricky to navigate, even with the help of an experienced intermediary.
In this webinar, you’ll learn how to do a 1031 exchange specifically in 2021, which is a year where inventory is incredibly tight in many markets around the country.
In this article, find out about the major challenges facing real estate investors in 2021. Learn ways to weather current market conditions, prepare for the challenges ahead, and mitigate drawbacks to potential changes in real estate taxes.
For this article, I spoke with Joe Torre, one of our Investment Counselors who’s helped many of RealWealth members do 1031 exchanges from California to other states, and also my husband, a California landlord and attorney. To learn about the top 3 benefits of exchanging your California rental property for properties in other states read this article!
There are four main types of 1031 exchanges investors can choose from, which include the simultaneous, delayed, reverse, and construction or improvement exchange. Continue reading
At RealWealth we come across a lot of investors who don’t think much about doing a 1031 exchange until after they’ve sold their property and are in the 45 day crunch time window. While we can definitely still help people in this situation find quality replacement properties and boost their cash flow, it’s generally better to decide to do an exchange ahead of time. This can allow for proper planning and strategy. Below we will outline the typical 1031 exchange timeline that real estate investors should follow if they want to avoid paying capital gains tax.
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