<description>&lt;p&gt;If you're selling property without understanding the full benefits of a 1031 exchange, you might be setting a huge chunk of your investment on fire. In this episode, Scott Saunders joins Russ and Joey to discuss the critical mistakes investors make when selling properties and how they can affect your wealth. &lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Scott, a 1031 exchange expert, shares his decades of experience in navigating this often-overlooked tax-saving strategy. He explains the real cost of not using a 1031 exchange, with taxes potentially eating up 30–50% of your property’s equity.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;But it’s not just about avoiding taxes. It’s about smart, strategic investing. Scott explains that knowing the right time for a 1031 exchange and how to structure it properly can help diversify your real estate portfolio. He also shares his best and worst experiences with the 1031 exchange process.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Learn how you could make your next property sale an opportunity for growth.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Top three things you will learn: &lt;/p&gt;&lt;p&gt;-How to avoid tax losses when selling a property&lt;/p&gt;&lt;p&gt;-The key mistakes investors make in 1031 exchanges&lt;/p&gt;&lt;p&gt;-How to leverage 1031 exchanges for portfolio growth&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;About Our Guest:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;Scott Saunders has an extensive background in IRC 1031 tax-deferred exchanges, having been involved in structuring thousands of 1031 exchanges during his 34 years in the exchange industry. He dedicates a significant portion of his time to presenting classes and podcasts on intermediate and advanced 1031 exchange strategies to accountants, attorneys, financial advisors, real estate brokers, and principals nationwide. He has also spoken at many association events and is an accredited speaker in several states.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;&lt;em&gt;Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;&lt;em&gt;This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;&lt;em&gt;The hosts may have a financial interest in the programs or services mentioned in this episode.&lt;/em&gt;&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Connect with Scott Saunders:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;- Email - scott1031expert@gmail.com&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;💸 &lt;strong&gt;Build a Passive Income Machine in 3 Steps:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;Here’s how to flip the script and start building wealth &lt;em&gt;the way the wealthy do&lt;/em&gt; 👇&lt;/p&gt;&lt;p&gt;👀 &lt;strong&gt;Step 1&lt;/strong&gt; – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept&lt;/p&gt;&lt;p&gt;👉 &lt;u&gt;&lt;a href="https://wealthwithoutwallstreet.com/free-ibc-webinar" rel="noopener noreferrer" target="_blank"&gt;wealthwithoutwallstreet.com/free-ibc-webinar&lt;/a&gt;&lt;/u&gt;&lt;/p&gt;&lt;p&gt;📞 &lt;strong&gt;Step 2&lt;/strong&gt; – Book a Free Call with Our Team (We Do This All Day, Every Day)&lt;/p&gt;&lt;p&gt;👉 &lt;u&gt;&lt;a href="https://www.wealthwithoutwallstreet.com/accelerate" rel="noopener noreferrer" target="_blank"&gt;wealthwithoutwallstreet.com/accelerate&lt;/a&gt;&lt;/u&gt;&lt;/p&gt;&lt;p&gt;📈 &lt;strong&gt;Step 3&lt;/strong&gt; – Start Building Passive Income&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Join the Passive Income Lab&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;👉 &lt;u&gt;&lt;a href="https://go.wealthwithoutwallstreet.com/pi-lab" rel="noopener noreferrer" target="_blank"&gt;ChoosePassiveIncome.com&lt;/a&gt;&lt;/u&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;More Ways to Learn &amp;amp; Grow Wealth (For Free)&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;💾 Download the &lt;em&gt;Passive Income Operating System&lt;/em&gt;&lt;/p&gt;&lt;p&gt;👉 &lt;u&gt;&lt;a href="https://www.wealthwithoutwallstreet.com/piosebook" rel="noopener noreferrer" target="_blank"&gt;wealthwithoutwallstreet.com/piosebook&lt;/a&gt;&lt;/u&gt;&lt;/p&gt;&lt;p&gt;👥 Join 10,000+ Investors Inside Our Free Community&lt;/p&gt;&lt;p&gt;👉 &lt;u&gt;&lt;a href="https://www.wealthwithoutwallstreet.com/community" rel="noopener noreferrer" target="_blank"&gt;wealthwithoutwallstreet.com/community&lt;/a&gt;&lt;/u&gt;&lt;/p&gt;&lt;p&gt;Paying $250K+ in Taxes? Stop the Bleed.&lt;/p&gt;&lt;p&gt;😡 Apply for Our Next Tax Strategy Intensive&lt;/p&gt;&lt;p&gt;👉 &lt;u&gt;&lt;a href="https://www.wealthwithoutwallstreet.com/tax" rel="noopener noreferrer" target="_blank"&gt;wealthwithoutwallstreet.com/tax&lt;/a&gt;&lt;/u&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Grab Our Book:&lt;/strong&gt; &lt;em&gt;Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income&lt;/em&gt;&lt;/p&gt;&lt;p&gt;📘 &lt;u&gt;&lt;a href="https://www.wealthwithoutwallstreet.com/newbook" rel="noopener noreferrer" target="_blank"&gt;wealthwithoutwallstreet.com/newbook&lt;/a&gt;&lt;/u&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Stay Connected:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;📸 Instagram: &lt;u&gt;&lt;a href="https://www.instagram.com/wealthwithoutwallst" rel="noopener noreferrer" target="_blank"&gt;@wealthwithoutwallst&lt;/a&gt;&lt;/u&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;—&lt;/p&gt;</description>

The Wealth Without Wall Street Podcast

By Russ Morgan & Joey Muré

Once You Sell, It’s Too Late: The 1031 Exchange Mistakes Investors Regret Most with Scott Saunders

APR 9, 202631 MIN
The Wealth Without Wall Street Podcast

Once You Sell, It’s Too Late: The 1031 Exchange Mistakes Investors Regret Most with Scott Saunders

APR 9, 202631 MIN

Description

If you're selling property without understanding the full benefits of a 1031 exchange, you might be setting a huge chunk of your investment on fire. In this episode, Scott Saunders joins Russ and Joey to discuss the critical mistakes investors make when selling properties and how they can affect your wealth. Scott, a 1031 exchange expert, shares his decades of experience in navigating this often-overlooked tax-saving strategy. He explains the real cost of not using a 1031 exchange, with taxes potentially eating up 30–50% of your property’s equity.But it’s not just about avoiding taxes. It’s about smart, strategic investing. Scott explains that knowing the right time for a 1031 exchange and how to structure it properly can help diversify your real estate portfolio. He also shares his best and worst experiences with the 1031 exchange process.Learn how you could make your next property sale an opportunity for growth.Top three things you will learn: -How to avoid tax losses when selling a property-The key mistakes investors make in 1031 exchanges-How to leverage 1031 exchanges for portfolio growthAbout Our Guest:Scott Saunders has an extensive background in IRC 1031 tax-deferred exchanges, having been involved in structuring thousands of 1031 exchanges during his 34 years in the exchange industry. He dedicates a significant portion of his time to presenting classes and podcasts on intermediate and advanced 1031 exchange strategies to accountants, attorneys, financial advisors, real estate brokers, and principals nationwide. He has also spoken at many association events and is an accredited speaker in several states.Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Connect with Scott Saunders:- Email - [email protected]💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—