<description>&lt;div&gt;Highlights:&lt;br&gt;&lt;br&gt;* Joe Rivas introduces and explains 1031 exchanges, focusing on benefits and limitations.&lt;br&gt;* Emphasizes the importance of setting up exchanges before closing to avoid taxes.&lt;br&gt;* Highlights include a 45-day identification period, 180-day completion timeline, and tax deferral strategies.&lt;br&gt;* Discusses special cases like reverse exchanges, where investors buy before selling, and construction/improvement exchanges for development.&lt;br&gt;* Stresses the importance of consulting a CPA or tax advisor, especially for foreign investors without a tax ID number.&lt;br&gt;* Joe offers assistance to agents nationwide, leveraging his expertise in 1031 exchanges.&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;/div&gt;</description>

Lab Coat Agents Podcast

Tristan Ahumada, Jeff Pfitzer & Nick Baldwin

The Investor's Guide to 1031 Exchanges: Maximizing Your Tax Benefits with Joe Rivas Ep 243

APR 5, 202434 MIN
Lab Coat Agents Podcast

The Investor's Guide to 1031 Exchanges: Maximizing Your Tax Benefits with Joe Rivas Ep 243

APR 5, 202434 MIN

Description

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.