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The 6 Rules of 1031 Exchanges

Reverse 1031 Exchange

Introduction To The Six Rules of 1031 Exchanges: Section 1031 Exchanges are invaluable wealth-building tools recognized by the IRS to defer capital gains taxes you might incur upon the sale of property.  They serve a valuable purpose in wealth-building by managing tax considerations as you grow your financial estate. But, 1031 Exchanges are carefully-controlled to…

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How did 1031 Exchange do in the New Tax Law?

The ERG Incentive

First, the bad news, personal property 1031 Exchanges are, now, not allowed.  If you started your personal property 1031 Exchange prior to January 1, 2018, you can still finish it.  But, moving forward, personal property can no longer receive 1031 Exchange treatment.  This mostly affects fleet exchanges (i.e. semi-trucks and rental cars), antique dealers, airplane…

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Vacation Homes May Qualify For Tax Deferred 1031 Exchanges

By Daniel E. McCabe, ESQ., Vice President Exchange Resource Group, LLC A common question our clients ask is whether their vacation or second home qualifies for a 1031 tax deferred exchange. The answer is “probably.” This answer hinges on the actual use of the property by the owner. The IRS has somewhat clarified their position…

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1031 Exchanges: The Best Farm Tool for Today’s Real Estate Agent

The golden years of the last bullish real estate market witnessed a boom in investors taking advantage of the incredible wealth building tool of the 1031 exchange. In 2005 alone, over 500,000 1031 exchanges were performed by knowledgeable investors and, quite literally, several billion dollars in taxes were deferred and allowed to grow in those…

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The Ultimate Beginners Guide to Real Estate Investing

“The Ultimate Beginners Guide to Real Estate Investing” is a free, 64 page ebook that provides a basic overview of real estate investing with links to more information on the Bigger Pockets website. It covers eight topics in as many chapters and is a pretty quick read – if you can keep yourself from following…

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1031 Reverse Exchange Overview

What is the IRS’s Position on Reverse Real Estate Exchanges? The IRS issued Revenue Procedure 2000-37 (Rev Proc) in September 2000 that gives taxpayers guidance on Reverse 1031 Exchanges. A “Safe Harbor” Reverse introduces a new entity into the reverse process-an Exchange Accommodation Titleholder (EAT). An EAT is a single member limited liability company (LLC)…

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Real Estate Seminar: The Life Cycle of a Real Estate Investor

Saturday, July 19, 2014 10:00 AM to 11:00 AM Pay IT Forward Realty 1116 Cape Coral Pkwy E, Cape Coral, FL (map) Join us for a complimentary seminar to find out: • The three levels of experience (and where you’re at!) • How to build your professional team • Options to minimize tax ramifications and why a 1031…

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Basic 1031 Rules and Requirements for Tax Deferred Exchanges

Dan McCabe, Esq., Vice President of Exchange Resource Group, and Dal Waimsley, President and Co-Founder of Lifestyles Unlimited, discuss the basic rules and requirements for tax deferred 1031 exchanges in this hour long training video. If you are new to 1031 exchanges or just need a refresher, this is an overview of the process that…

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Rich Dad, Poor Dad

If you or your clients have never read “Rich Dad Poor Dad” by Rober Kiyosaki, I recommend you do so now. This book has impacted almost every investor who has read it. It provides a good call to action for many who have been lulled into a false sense of security in the status quo.…

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