Search results “How to 1031 exchange”
The 6 Rules of Using a 1031 Exchange
The 6 Rules of Using a 1031 Exchange At Morris Invest we work with many clients that use a 1031 Exchange to buy real estate. BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: www.MorrisInvest.com A 1031 exchange is an incredibly powerful tool that allows an individual to save on taxes after the sale of a piece of real estate. This tax deferral program permits the investor to sell a real estate property and then reinvest the funds in a property of equal or greater value. Doing so allows the investor to keep more money in their pocket, and defer all capital gains taxes. In this video, Natali and I are sharing the six rules you must follow when conducting a 1031 exchange. We’ll discuss best practices for dealing with the IRS, and what you must do to successfully complete a 1031 exchange and defer taxes. We’ll also share more details about our favorite 1031 experts, and discuss resources you can use to learn more. If you've ever wondered about the specifics of deferring taxes in real estate, you won't want to miss this video! We're sharing concrete examples why you might want to conduct a 1031 exchange, and how to do it the right way! EP197: The Legal Loopholes of Real Estate Investing - Interview with Garrett Sutton: https://goo.gl/KHgz6Y Loopholes of Real Estate by Garrett Sutton: https://goo.gl/1ZR9VK EP053: The Power of a 1031 Exchange for Exploding Your Rental Portfolio - Interview with Lance Growth: https://goo.gl/z13Sp1 EP158: How to Defer Taxes Forever with Real Estate - Interview with Leonard Spoto: https://goo.gl/Mo7e6V Show notes: http://morrisinvest.com/episode214 BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest SUBSCRIBE TO THE iTUNES PODCAST: iTunes: https://goo.gl/tSfSM8 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 14380 Morris Invest
All About 1031 Tax Deferred Exchanges - Real Estate Investment Tips
For an experienced SF Bay Area real estate agent visit http://iLiveInTheBayArea.com Like me on Facebook: http://fb.com/iLiveInTheBayArea Thumbs up, favorite, share, subscribe and make a comment! Most people are aware of the fact that when you sell a long term investment such as real estate or stocks, you have to pay taxes. And these taxes don't come cheap -- currently capital gains tax is 15%, and California has its own capital gains tax of 9.3%. To put this in perspective, if you bought a property for $500,000 and years down the line you sell the same property for $1M, on that $500k profit you have to pay $121,500...PLUS your cost recovery recapture...but did you know there's a way you can defer that and not even pay a SINGLE PENNY?? It's called a 1031 Tax Deferred exchange. A 1031 exchange is when you sell your property and buy another like-kind property within a certain time frame and follow specific rules. Now you have to note, that this is a *tax deferred* investment strategy. What that means is that you will just keep rolling over what you owe in taxes to some future date. If you ever decide to completely abandon investing in real estate altogether, you will have to pay it all back. The idea though is to continuously roll it over indefinitely until you pass away. The first step that needs to be taken when doing a 1031 exchange is the process of finding a good qualified intermediary, or QI. The QI is a company that will be the "middle man" throughout the 1031 exchange process. There are two key time frames you have to keep track of with a 1031 exchange. From the date you sell your property, you have 45 days to identify a new property or properties. The second is that you have 180 days to CLOSE on the new property you identified; again this starts from on the date you sell your property. These dates are non-negotiable. Within this 45 day period, you can choose up to 3 different options. The first and most common option is the "3 property rule". The rule is that you can identify a total of 3 properties at any price. A 1031 exchange works just like a regular sale, but with the qualified intermediary acting as the "go through" person. Throughout the process, you are not allowed to touch ANY funds. If you do decide to pull any funds out, it's considered "boot" and will become taxable the second it leaves the QI's control. By FAR the most common question I get is in regards to the "like-kind" statement. If someone sells an apartment, do they have to buy another apartment, or can they buy an industrial warehouse? The answer is YES. Like kind means real estate -- period. If you sell real estate -- be it an apartment complex, an office space or a piece of raw land -- you can buy other real estate. The second most common question I get...Can I 1031 exchange my primary residence?? Well...you don't need to! In section 1034 of the internal revenue code, you can sell your primary residence and not have to pay taxes for up to $250k if you're single or $500,000 if you're married. When it comes to the value of the new property or properties, the basic point is this. You have to put in equal or more money, and buy an equal or larger valued property. The loan amount is completely irrelevant so long as those two amounts are satisfied. Remember, 1031 exchanges might not be the best option for every single person, but it's usually the most preferred option for most investors. If you're looking to avoid paying capital gains tax, the 1031 exchange is by far the most common financial technique...now that's good to know. Contact Davide Pio Today | SF Bay Area Real Estate http://iLiveInTheBayArea.com | 510-815-2000
Everything You Need to Know about 1031 Exchanges!
So let's say you've got yourself a rental property and you've worked hard to get rents up and keep expenses low. The property is profitable and you are looking to trade up by selling it and buying a more expensive property. The problem is that if you sell, you will have to pay capital gains tax on the sale as you would with a fix and flip or wholesale deal. That tax could be a heavy hit if you have sold the property for a gain, and it will stunt your growth as an investor. What can you do? Learn more by grabbing my New Book "Raising Private Capital" Available now on Amazon http://bit.ly/RPCMF That's where a 1031 exchange comes in. A 1031 is a vehicle through which you can sell rental real estate and roll all the gain into a new purchase. Sound good? In today's video, I go into detail on the rules of 1031's. As always, please email us any real estate questions to [email protected] and we will answer them on an upcoming episode! Learn more about The DeRosa Group at http://www.DeRosaGroup.com or on BiggerPockets.com - https://www.biggerpockets.com/renewsblog/author/mattfaircloth/ Matt & Liz, founders of DeRosa Group, were recently second-time guests on the BiggerPockets Podcast. Check it out: https://www.biggerpockets.com/renewsblog/bp-podcast-203-finding-deals-funding-contractors-mentors-matt-liz-faircloth/ Find us on Facebook https://www.facebook.com/thederosagroup/ Learn More about The DeRosa Group by Checking out our popular videos: How I bought a 18 Unit apartment with NO MONEY out of Pocket https://www.youtube.com/watch?v=3dDRVGYI1wg&t=14s How I turned a Duplex into 20 units https://www.youtube.com/watch?v=JzhkWhyssaM&t=1s How to Remove a Bad Tenant (without having to evict) https://www.youtube.com/watch?v=FnGZQOebixY&t=1s Tips for Hosting a successful Open House https://youtu.be/8DBtD1OcjKQ Best ways to Collect Rent From Tenants https://www.youtube.com/watch?v=iOeTxzDjXWY&t=3s The Pros and Cons of Using LLC for Rental Property https://www.youtube.com/watch?v=edHaGYXhH1I&t=24s 21 Year Old Makes $23,000 on First Wholesale Deal https://youtu.be/UkeUxkLQTFc Chat with Chatto Episode 001 First Actions Steps to take Learning to Wholesale houses https://youtu.be/fzXubrnuGKM
Views: 12960 Derosa Group
What is a 1031 Exchange? - Grant Cardone
Subscribe and comment for a chance to win a free ticket to 10X GrowthCon 2018! What is a 1031 Exchange? - Grant Cardone: When you buy real estate, there is a tax loophole called 1031. This is when you sell a piece of real estate, you can move the money into another piece of real estate and delay paying capital gains. You have 6 months to transfer your money into a new deal, and it must be at least as big as the previous one. This is not tax avoidance, it's tax deferred. I will defer my taxes until the end of time! ---- ►Where to follow and listen to Uncle G: Instagram: https://www.instagram.com/grantcardone Facebook: https://www.facebook.com/grantcardonefan SnapChat: https://www.snapchat.com/add/grantcardone. Twitter: https://twitter.com/GrantCardone Website: http://www.grantcardonetv.com Advertising: http://grantcardonetv.com/brandyourself Products: http://www.grantcardone.com LinkedIn: https://www.linkedin.com/in/grantcardone/ iTunes: https://itunes.apple.com/us/podcast/cardone-zone/id825614458 ---- Thank you for watching this video—Please Share it. I like to read comments so please leave a comment and… ► Subscribe to My Channel: https://www.youtube.com/user/GrantCardone?sub_confirmation=1 -- Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
Views: 9035 Grant Cardone
1031 Exchange Tax Free Real Estate Investing
https://www.freedommentor.com/1031-exchange/ Discover the power of the 1031 exchange and how your real estate investing profits can be tax free gains.
Views: 57042 Phil Pustejovsky
1031 Exchanges: Seven Things You Must Know
Ric Moody will guide you through the basics of the 1031 Exchange that is sweeping the nation. Learn how to capitalize on your real estate and differ those taxes. With these seven easy steps, and the help of your 1031 Exchange expert, you too can become a real estate mogul. For any questions or more information, please call Ric Moody with Dayton Commercial Realty at 937-287-0072.
Views: 13895 DaytonCommercial
Doing a 1031 Exchange (the Easy Way)
See the full blog post at: https://retipster.com/1031exchange Check out RealtyMogul at: https://retipster.com/realtymogul Not long ago, I had a conversation with the folks at RealtyMogul about a pretty brilliant way to AVOID the stressful time crunch that comes with most 1031 exchange real estate deals. (Note: RealtyMogul is a real estate crowdfunding website that allows investors to passively invest in fractional ownership of larger, commercial properties). With RealtyMogul, you can essentially take the sales proceeds from your property, and rather than taking on the stress of finding another investment property within 45 days, you can simply invest your funds into a property through their platform. Why RealtyMogul? There are a few different scenarios where it might make sense to invest your cash into a crowdfunded project, rather than going it alone and relying on hopes and prayers for everything to come to fruition. Scenario 1: When the Deal Falls Apart It's not uncommon for investor has start the 180 timeframe to do a 1031 exchange, but then their deal falls apart. For one reason or another, they're unable to find a good alternative to invest their money into, and they simply need to put their cash somewhere before they run out of time. In these situations, RealtyMogul provides a great "back door" that will allow the investor to place their money where they can still defer the taxes on their capital gains. Scenario 2: When There's Excess Cash Leftover In some cases, an investor may have found a new property, but the new deals only requires a portion of the total sale proceeds they received from their previous property. As such, they need somewhere else to put the remainder of their cash, in order to avoid paying taxes on the capital gains from this excess cash. Again, RealtyMogul provides a great alternative solution, by allowing investors to inject this excess cash in increments as little as $5,000. Scenario 3: The Reluctant Landlord Sometimes an investor wants to keep their investment dollars in real estate, but they don't necessarily want to be a landlord or property manager (and all the headaches that can entail). For instance, if someone inherits an rental property, but doesn't want to get into the rental property business. Alternatively, if someone wants to "cash out" on the appreciation their property has earned, but they don't want to upsize to a larger property with bigger problems to manage. With RealtyMogul, you can still be a passive real estate investor by contributing a portion of the overall proceeds and letting the professionals deal with the hands-on work. When your full-time job is NOT as a real estate investor and you're busy with other things, you may want to do less work and put the day-to-day tasks on someone else who is geared up to handle them (so you don't have to deal with tenants, leases, repairs, trash, etc.). Surety of Closing One of the biggest benefits of working with RealtyMogul is the surety of closing. When an investor commits their funds to one of these projects, they don’t have to worry about the deal falling apart between the 45 and 180 day timeline, because the properties have already been acquired and the financing is in place. RealtyMogul doesn't even bring in the investors until after these milestones have been reached. It's also a much faster process. When you commit to a project with RealtyMogul, you don't have to wait weeks for a closing, the funds typically take 3 – 5 business days to go through. From what I know of this outfit, RealtyMogul is one of the more conservative companies in the real estate crowdfunding space, and they do a great deal of vetting on each property they get involved with. Of course, there's never any guarantee as to how your investment dollars will perform with a company like this, but if you want to work with a company that does regular site visits on every property and is intimately familiar with the numbers on every deal (and can offer a much easier path to completing a 1031 exchange), this could be a company worth your consideration. Have you ever used a company like RealtyMogul before? What was your experience like? Let us know in the comments below!
Views: 381 REtipster
1031 Exchange - Real Estate Exam
Understand what a 1031 Tax Deferred exchange is so you can pass your real estate exam. http://prepagent.com/ For more study aids to pass your real estate exam such as videos, webinars, crosswords, MP3 downloads, e-books and exam prep questions with real time scoring and feedback.
Views: 8915 Prep Agent
1031 Exchange - How Does It Work?
If you own investment property and want to save on taxes, you may want to do a 1031 exchange. NES Exchange expert Julianna A. Clementi-Ryan describes how a 1031 exchange works including 1031 exchange time periods.
Views: 15282 ExpertRealEstateTips
10 Steps to a Reverse 1031 Exchange
Provided for by IRS Revenue Procedure 2000-37 (Rev. Proc. 2000-37), reverse 1031 exchanges allow exchangers to purchase a replacement property prior to selling a relinquished property in a 1031 like-kind exchange.
Views: 2807 Accruit
1031 Exchanges Explained
A brief explanation on the 1031 exchange process for commercial real estate.
Views: 540 Kevin Fitzpatrick
1031 Exchange Explained
Watch exclusive interviews with local, national & international powerhouse influencers by subscribing https://www.youtube.com/user/EmilioDiSpirito also learn how to increase your wealth, leverage real estate, save on taxes and more weekly! Ted Topouzis from Topouzis & Associates talks about what a 1031 Exchange is and how you can benefit from it. Check out www.TheRoundTableRadio.com where you can connect with leading industry professionals under the contact section, watch videos on hundreds of real estate topics and watch exclusive interviews like this! Visit: http://taclosinglaw.com/ Catch the Round Table Real Estate Simplified Sunday's 10 am streaming on iHeartradio WHJJ and on Newsradio 920! Follow us on Soundcloud to hear our previous shows via podcasts: https://soundcloud.com/emilio-dispirito Hard hitting real estate and finance informational videos: http://theroundtableradio.com/video/ Like us on Facebook for up to date market trends and advice! https://www.facebook.com/RIRealEstateRadio/ Connect with top real estate professionals by contacting us here: http://theroundtableradio.com/contact-2/
What is a 1031 Like-Kind Exchange?
1031 like-kind exchanges - or tax-deferred exchanges - are commonly associated with their use in real estate to defer taxes on the sale of investment property. 1031 exchanges are similarly used in business to defer taxes on the sale of investment or business use assets such as heavy equipment, transportation fleets, agricultural equipment, and more. Explore these videos for short answers to specific questions about 1031 like-kind exchange rules and procedures.
Views: 4286 Accruit
What is boot in a 1031 exchange?
Have a 1031 exchange question you'd like addressed? Post it in the comments! What is boot under Section 1031 of the tax code? In relation to like-kind exchanges, there are two classic types of boot - cash boot and mortgage boot or debt relief. Learn about each in this short video.
Views: 3275 Accruit
The Basics of 1031 Exchanges
You’ve just sold a piece of investment real estate and, either through depreciation deductions on the property or through an appreciation in value, you now have capital gains tax to pay. Capital gains can be as high as 25%. Section 1031 of the Internal Revenue Code is one of the last great tax shelters. A 1031 Exchange allows you to defer payment of taxes due. As the name suggests, the 1031 Exchange works through the “exchange” of property. As long as you trade up in value and debt, your taxes will be completely deferred. By deferring these taxes, the wise investor is able to: ◾Increase Cash Flow ◾Purchase Different Property ◾Diversify Property ◾Consolidate Property Contact 1031 Tax Free Strategies to learn more! 239-333-1031
Views: 1479 Midland IRA, Inc.
1031 Exchange  Advanced Concepts Webinar
Asset Exchange Company, a 1031 Exchange Qualified Intermediary, will be hosting FREE 1031 Exchange Webinar. The Webinar is a must for any real estate investor or professional working with rental/investment real estate. Topics discussed include: - Timelines for conducting a 1031 Exchange; how to identify replacement property and complete an exchange on time in a market with little inventory. - Using a "Reverse 1031 Exchange" to secure the replacement property in a 1031 Exchange. - Making improvements to a replacement property with a "Construction Exchange". - Converting a rental property into a primary residence and vice versa. - Long term strategies to beat the taxman and never pay a dime in taxes!
Views: 3574 Leonard Spoto
1031 Exchange Introduction and Basic Concepts | Asset Preservation, Inc.
About: Asset Preservation, Inc. (API) is a leading national Qualified Intermediary and has successfully completed over 175,000 tax-deferred exchanges. More from Asset Preservation, Inc. Website: https://apiexchange.com LinkedIn: https://www.linkedin.com/company/1031-exchange Facebook: https://www.facebook.com/1031exchanges Twitter: https://twitter.com/1031taxexchange
1031 Exchange Timeline Explained
Discussion of the 180 day timeline in the 1031 Exchange process
Views: 205 Leonard Spoto
Advanced 1031 Exchange Strategies
Join Michael Bull and Ricky Novak as they explore best practices and proven strategies for successful 1031 exchanges. * Construction exchanges * Reverse exchanges * Drop and swap procedures * Safety for your funds alternatives * International exchanges
1031 Exchange - Basics
The 1031 Exchange process explained. Discussion includes the types of exchanges and the four basic requirement for a successful exchange.
Views: 651 Leonard Spoto
1031 Exchanges, 2016
Michael Gray interviews G. Scott Haislet, attorney at law and CPA, "1031 Exchanges" for Financial Insider Weekly. They discuss about what 1031 real estate exchanges are, myths, and the importance of timing. http://www.financialinsiderweekly.com
Like Kind Exchanges
Professor Jim Henderson from Golden Gate University Braden School of Taxation explains Like Kind Exchanges and Section 1031.
Views: 11010 GoldenGateUniversity
Jay Morrison teaches "The 1031 Exchange Game"
Views: 21154 Mr Jay Morrison
1031 exchange seminar
In this video, Dino Champagne of Asset Preservation, Inc. discusses the ins and outs of a 1031 tax deferred exchange. It's important to remember that circumstances can vary and you should discuss the specifics of your transaction with your tax or legal advisers. This is for informational purposes only.
Views: 18439 AdhiSchoolsLlc
4 Basics of a 1031 Exchange!
In today's real estate FAQ's episode you'll learn the 4 basics of a 1031 exchange! **Watch the full 1031 exchange video to learn what is a 1031 exchange and for a 1031 exchange example! Thank you!** Timeline: 1. 1:05 - What are 1031 Tax Exchanges and How it Works! 2. 2:05 - 5 Basic Principles! 3. 5:07 - 1031 Exchange Example! 4. 6:01 - 1031 Exchange Resources! a. Discussion Forum on Bigger Pockets: https://www.biggerpockets.com/forums/104-1-31-exchanges b. Interview With William Exeter: https://www.biggerpockets.com/renewsblog/2012/08/14/william-exeter-interview-tax-deferred-exchange-expert-qualified-intermediary/ c. Federation of Exchange Accomodators (FEA): http://www.1031.org/ d. Field Guide to 1031 Exchanges: https://www.nar.realtor/section-1031-like-kind-exchange#section-166105 e. RealEstateExchange.com: https://www.ree.com/ 5. 6:45 - List of 1031 Qualified Interrmediaries a. 1031 Exchange Services, Inc.: http://www.1031ri.com/ b. All States 1031 Exchange Facilitator, LLC: https://www.spe1031.com/ c. Asset Preservation, Inc (API): https://apiexchange.com/ d. Exeter 1031 Exchanges Services, LLC: http://www.exeter1031.com/ e. Starker Services, Inc.: http://www.starker.com/ 6. 7:31 - Your Turn! Share your favorite part of this video and your savvy home appraisal tips with us in the comments section below. Thank you! If you want help finding one of the best real estate agents in the nation, a CRS, please let me know. I'm here to help! Want to know more about Las Vegas real estate or about buying a house in Las Vegas? Send me a message, I'm here to help! Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Real Estate Consultant License #S.0173260 Call/ Text: 702-710-0287 Email: [email protected] https://www.andrewfinneyteam.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL Video Inspiration: https://www.biggerpockets.com/rei/guide-1031-exchanges/
Views: 165 Andrew Finney Team
1031 Exchange  - Basics
A brief description of the 1031 Exchange guidelines by Leonard Spoto of Asset Exchange Company (877-471-1031)
Views: 3318 Leonard Spoto
1031 Exchange - Real Estate Investing Using Delayed 1031 Exchanges - REIClub.com
http://www.REIClub.com The Pros and Cons of Delayed 1031 Exchanges For Real Estate Investors. Here's A Video Explaining A Delayed 1031 Exchange... SUBSCRIBE TO OUR YOUTUBE CHANNEL http://www.youtube.com/subscription_center?add_user=reiclub SUBSCRIBE TO OUR FREE NEWSLETTER https://www.reiclub.com/real-estate-newsletter.php LET’S CONNECT http://www.facebook.com/reiclub http://twitter.com/reiclub https://plus.google.com/+reiclub http://www.pinterest.com/realestateclub/ Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got a quick video on Delayed 1031 Exchanges There are different types of 1031 Exchanges, today we will be focusing on "Delayed 1031 Exchanges" What is a delayed 1031 Exchange? The primary advantage of a 1031 exchange is the preservation of investment capital by deferring payment of capital gains taxes. If you sell property (rather than exchanging it) you must pay taxes on any recognized gain. Capital gains tax is usually 20% to 25% of your gain, plus any state taxes. In a tax-deferred exchange, all your profit (both cash and carry-backs) may be used to acquire replacement property. The theory behind Section 1031 is that when a property owner reinvests the sale proceeds into another property, the taxpayer's investment is essentially still the same, only the form has changed (e.g. vacant land exchanged for apartment building). For a delayed 1031 exchange, the IRS allows up to a maximum of 180 calendar days between the sale of the relinquished property and the purchase of the replacement property. Within the 180 day "exchange period," the investor must also properly identify suitable replacement properties, which they call "like-kind", within 45 calendar days of closing on the sale of the relinquished property. Benefits of Using a 1031 Exchange - Few techniques available to postpone or potentially eliminate taxes - Scale your business up - houses to apartments to commercial - Leverage - Deferring taxes, more money available to invest in another property. - Cash Flow - Investors can sell a property that is producing little or no income (such as land) and purchase property or properties with greater cash flow performance (such as a retail shopping center). - Management Relief - Investors who no longer want to manage high-maintenance properties can reinvest in properties requiring little or no management. - Increase Depreciation - Investors can exchange from a non-depreciable property (such as raw land) to a property that can be depreciated. - Relocation - If owners move or retire to other locales, they may prefer to relocate property holdings, especially resort properties. Disadvantages of 1031 Exchange - Does not work for all types of transactions - numbers need to work - Complex setup process - More than likely will need to consult with tax professional - Very strict IRS guidelines and deadlines - if not followed, subject to taxation - Additional Costs - Exchange Fees and Hiring a Qualified Intermediary (these are the people who aid in this transaction process, mandatory) - If you decide to sell the replacement property - deferred gain is taxable If you aren't familiar with Capital gain tax, research it so you can fully understand the benefits of a 1031 Exchange. Every 1031 Exchange transaction is different. Always consult a competent Qualified Intermediary, attorney, or tax advisor to determine how an exchange may best be structured to accomplish your investment objectives. Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing. https://www.youtube.com/watch?v=6LIAEfAIwPg "REIClubRealEstateInvesting"
Views: 20331 reiclub
Bozeman 1031 Exchange Qualified Intermediary Locally Owned Montana 1031 Exchange
Bozeman 1031 exchange qualified intermediary at 1031 Property Exchange has been performing tax deferred real estate exchanges in Bozeman for 20 years. They are Bozeman's only 1031 exchange company. There is no reason to pay taxes on investment property like rentals, raw land, ranches, multi-family or any other non-residential property. The IRC 1031 provisions allow you to eliminate Federal and State Capital gains, the 3.8% Medicare tax and eliminate depreciation recapture. A 1031 exchange can save you tens of thousands of dollars and the compound growth of those savings over time is very significant. The 1031 exchange is a legal provision set forth by the US Supreme Court in 1979 that allows you to defer federal and state capital gain taxes and eliminate depreciation recapture on rental properties. Federal capital gains can cost you 15% to 20% when you sell, State capital gains in Montana are 6.9% and Montana has the 12th highest combined capital gains tax rate in the U.S. at 31.9%. Plus, if you own rental property and sell without a 1031 exchange you will have to pay back 20% of the value of all the depreciation. There are a host of rules each exchanger must follow in order to have an exchange that complies with the IRS regulations. First, the property must be held for investment purposes and there are strict limitations on personal use. Second, a qualified escrow must be used to hold funds during the exchange so that the exchanger does not have constructive receipt of their proceeds. Third, there are 45 days to identify replacement property following the sale of the property you are relinquishing and there are 180 total days to complete the exchange to stay inside the IRS safe harbors. The like-kind provisions of the IRS code have confused more real estate investors and Realtors than any other single rule in history. It DOES NOT mean that you have to buy the same type of property, it only means that if you are selling real estate then you must buy real estate. So, you can go from raw land to multi-family rental property or you could go from a ranch to a commercial shopping mall. All of these are legitimate uses according to the like-kind provisions. How the property you are selling is legally held in title must be identical when you acquire a new property. So, if a property is held in joint tenancy when it is sold the replacement property must be acquired in the same joint tenancy. This provision holds some real pitfalls for limited liability companies, which are defined by the IRS as partnerships. In order for an exchange to work for partnerships all member must remain the same when a new property is acquired. At 1031 Property Exchange we have been performing 1031 exchanges in Bozeman for 20 years. We can help you meet the IRS requirements for a legal tax deferred exchange. We can also help you with advanced strategies, like bifurcation, that allow large land owners to separate their residence from larger land holdings thereby taking advantage of both the Section 121 exclusion and the 1031 provision. Farmers and ranchers can also recognize significant tax benefits from a 1031. If you would like a free consultation then call Russ Squire at 406-425-2742 or visit us online at bozemanmontana1031exchange.com.
Views: 3117 Sly Dog Production
Real Estate Tip -How to do a 1031 Exchange
If you are thinking of selling an investment property, one option to avoid paying the capital gains after the sale is to do a 1031 exchange. This moves your money into another property and defers the taxes to a later time. As a seller, once your property is on the market, you should already be looking for your “upleg” property. Here are a few basics of the 1031 exchange. 1. If you need additional time to find a property have your agent try to negotiate an option to extend the escrow on property before accepting the offer. 2. Once you close escrow you will have 45 days to pick up to 3 properties. Has to be equal to or greater than what you sold. 3. Your 1031 accommodator will have you fill out an “identification form” before the 45th day. 4. You have 180 days from your close of escrow to close on the new property. 5. The seller of your upleg property will need to acknowledge that you are doing a 1031 and the proceeds money is coming from an accommodator. 6. It does not cost anything for the buyer of your property and the seller of the property you are buying. You just need their cooperation with the paperwork. 7. If you can’t close on time (within 180 days) you will jeopardize your 1031 exchange. If you have any questions please comment below. Don’t forget to like our videos and subscribe to our channel. If you know someone that will benefit from our information don’t forget to share it. You can also connect with us or search for available property in Los Angeles and Orange County area on our website: CarlosSkubacz.com
Views: 243 Carlos Skubacz
Advanced 1031 Exchange Strategies
Ricky Novak joins Michael in Studio One to discuss advanced 1031 exchange strategies, including reverse exchanges. ppreciate the video? The best thank you is to check out our sponsors. See if they might be of value to you, or your referrals. http://commercialrealestateshow.com/c... Don’t miss a show of special interest to you, subscribe to our weekly show topic email notification. You’ll know who’s on the show and what it’s about. http://bit.ly/2gfoKSN You’re invited to subscribe to the show’s YouTube channel. http://www.youtube.com/subscription_c... For more videos, podcasts, and articles, visit http://www.CREshow.com
Basis for Nontaxable Exchanges Section 1031 | Corporate Income Tax | CPA REG | Ch 13 P 2
Basis and Holding Period of Property Received 36. Basis of boot received. The basis of boot received is the fair market value of the property. 37. Basis of like-kind property received. Section 1031 provides the following basis calculation formula for the like-kind property received: Basis of like-kind property transferred + Adjusted basis of boot given + Gain recognized – Fair market value of boot received – Loss recognized a. As a validity check, the basis of the like-kind property received also can be calculated using the following formula:  Fair market value of like-kind property received – Postponed gain, or + Postponed loss b. If the basis has been properly calculated with each formula, the results will be the same. 38. Holding period. A separate holding period rule applies for the boot and the like-kind property received. a. The boot has a new holding period (i.e., from the date of the exchange). b. The like-kind property received generally has a carryover holding period (i.e., includes the holding period of the like-kind property transferred) as well as tax attributes (i.e., depreciation recapture). (1) The logic for this is to produce symmetrical treatment in that the like-kind property has a carryover basis. (2) However, in the case of like-kind exchanges after March 1, 1954, the carryover holding period will not be applicable unless the like-kind property surrendered was either a capital asset or § 1231 property.
The 1031 Exchange - A Real Estate Investor Strategy | Mark J Kohler | Tax & Legal Tip
Sign up for my weekly newsletter now! With awesome tax and legal tips, upcoming and current tax reforms, deadlines, special offers from my Lawfirm and Accounting Firm, and much much more! Don't miss out on this opportunity, It's FREE!! how could you get better than that!? Click the link below: http://markjkohler.com/youtube/ This video gives you a better understanding of 1031 Exchanges. Real estate investors can use the 1031 to save on taxes when selling highly appreciated property. Download my FREE E-Book "The 10 Best Tax-Saving Secrets Everyone Should Know", or make an appointment for a FREE interview with an attorney or CPA visit: http://www.markjkohler.com/youtube If you enjoyed this video make sure to subscribe and hit the like button! Click Here for my Tax and Legal Library: http://markjkohler.com/product/tax-legal-library/ Click Here for the Quickbooks Training: http://markjkohler.com/products/quickbooks-basics/ Click Here for the How to Start a Small Business Series: http://markjkohler.com/products/starting-a-small-business/ Follow me on my social media with DAILY and WEEKLY Tips and Blog Articles, and also catch me surfing at: http://www.markjkohler.com/social To purchase my new book: "The Tax and Legal Playbook" please visit the Entrepreneur bookstore here: http://amzn.to/1cWlhor Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at: http://www.ke-cpas.com Help us caption & translate this video! http://amara.org/v/aTi3/
Views: 4149 Mark J Kohler
How Does a 1031 Exchange Work in California? [Contra Costa]
How does a 1031 exchange work in California? Contra Costa County Realtor Elizabeth Russo explains http://www.elizabethrusso.com/blog/how-does-a-1031-exchange-work-in-california/ . Get your questions answered today! Let technology driven, East Bay Realtor, Elizabeth Russo help – (925)-708-7440. Hi there, I'm Elizabeth Russo and today we're going to talk about the 1031 exchange and find out if this is something you need to do. I've brought Toni on with Old Republic Exchange to chat with us about what is an exchange. Toni. Well, I'm Toni Esposti. I'm with Old Republic Exchange and an exchange is a tool for people who own investment real estate or real estate that they use in their trade or business. If they want to be able to sell this property and not pay capital gains tax to the government they can use and exchange. What they would need to be doing though, is their plan would need to be to sell a property and then buy a property as well. If it structured like an exchange, then you can defer. This is a great way to build wealth and people with loans and people with cash can do this and avoid capital gains. That's correct. The wealth building tool can be really powerful. I've got a slide presentation here that is interesting and it shows an example of two people who buy properties at the same time at the same valuation. It shows them putting down 25%, assumes maybe 4% appreciation. You can see when you go through these that the difference if you sell and pay your taxes as you go in real estate versus doing exchanges. It can just be incredibly powerful and you can end up with a good deal of real estate wealth this way. Obviously as we can see. Who qualifies for a 1031 exchange? Well, people or entities. It could be a corporation or a partnership who own property for an investment or use in their trade or business. It's really more about the property and whether the property qualifies as to whether or not it will work. The property needs to be something that they have owned and held for investment for a period of time. It can not be something that you are just buying for the purpose of reselling, so flipped properties are not a real good fit. Now, I had a client ask me, hey I have residential and I really want to go to commercial and I'm tired of, what do you call those the three T's. Oh, tenants, toilets and trash. I've got to tell you I'm tired of the tattle-tales too. For people like me that want to trade out into commercial property is that possible with a 1031 exchange? Absolutely! That's ones of the more misunderstood aspects of exchanges. There is a requirement that you buy something that is like-kind. Like-kind when you are dealing with real estate, is just what was the intention of ownership. Did you hold it for investment and did you hold it for use in your trade or business and is the property you are going to buy something that you are going to hold for investment or use in your trade or business and it's interchangeable. People can go from residential rentals to commercial, from commercial to retail, retail to industrial, industrial to apartments. How Does a 1031 Exchange Work in California? [Contra Costa] | Elizabeth Russo, Realtor Contact Me: Elizabeth Russo 975 Ygnacio Valley Rd Walnut Creek, CA 94596 (925) 708-7440 http://www.elizabethrusso.com/ https://www.facebook.com/EliseRusso https://twitter.com/ehrusso http://google.com/+Elizabethsgoldstandard http://www.youtube.com/c/Elizabethsgoldstandard https://www.linkedin.com/in/ElizabethRusso https://www.pinterest.com/ehrusso/ https://instagram.com/elizabethsgoldstandard/ My favorite areas to serve are near where I live: Walnut Creek, Orinda, Lafayette, Concord, Clayton, Pleasant Hill, Alamo, Danville, Pacheco, Martinez, Diablo, Blackhawk…
1031 Exchange for Primary Residence
Don't pay capital gains on your primary residence! Most people only think of the 1031 exchange vehicle for their investment property. Let me show you how to utilize this amazing money saving tip with your personal home.
Reverse 1031 Exchange Overview
A reverse 1031 exchange allows exchangers to purchase replacement property prior to selling relinquished property in a 1031 exchange. In this video, Paul Holloway gives an overview of how a reverse 1031 exchange works. For a more detailed look at reverse 1031 exchanges, see our video titled "10 Steps to a Reverse 1031 Exchange."
Views: 1080 Accruit
Southern California 1031 Exchange Replacement Property Deals, 1031 Like Kind Exchange Strategies
Broker Realtor Michael Stark, 949-574-9474, helps 1031 investors find Southern California commercial, residential income, triple net, NNN replacement property, and off market pocket deals http://About.SouthernCaliforniaBroker.com Licensed since 1996, DRE#01207862 1031 Tax Deferred Exchange, 1031 Like-Kind Exchange 1031 Exchange Strategies, 1031 Exchange Rules, 1031 Exchange Explained, 1031 Exchange Made Simple Video, 1031 Exchange Real Estate, 1031 Exchange Replacement Property, 1031 Exchange 45 Day Identification Period, 1031 Exchanges 180 Day Closing Period, 1031 Exchange Rules And Requirements, Reverse 1031 Exchange, 1031 Tax Exchange Basics, 1031 Exchange For Dummies, What Is A 1031 Exchange?, 1031 Exchange Overview, 1031 Exchange Tax Free Real Estate Investing Strategy, 1031 Exchange Overview, 1031 Exchange Seminar, Understanding 1031 Exchanges, Explaining 1031 Exchange, 1031 Exchange Video, 1031 Exchange Identification Rules, 1031 Exchange Real Estate Investment Tips, 1031 Exchange Replacement Property Deals, 1031 Exchange Replacement Property Strategies, 1031 Exchange Replacement Property Investment, Everything You Need to Know About 1031 Exchanges, How Does A 1031 Exchange Work, Reverse 1031 Exchange Explained, Reverse 1031 Exchange Overview, 1031 Exchange Tax Free Real Estate Investing, 1031 Like Kind Exchange Starker 1031 Exchange, Defer Taxes With 1031 Exchange, 1031 Like Kind Exchange 1031 Exchange Example, 1031 Exchange Benefits, 1031 Exchange Calculation, 1031 Exchange Reporting, 1031 Exchange Advanced Concepts, Advanced 1031 Exchange Strategies, 1031 Exchanges, The 1031 Exchange Game, Explaining Reverse 1031 Exchange, How To Build Wealth Through A 1031 Exchange, Defer Taxes With 1031 Exchange, Southern California Residential Income Property, Southern California Commercial Industrial Property, Southern California Triple Net NNN Property, Southern California Residential Income 1031 Replacement Property, Southern California Commercial 1031 Replacement Property, Southern California Triple Net NNN 1031 Replacement Property, What Is A 1031 Tax Deferred Exchange, What Is A 1031 Like-Kind Exchange, Defer Taxes With 1031 Tax Deferred Exchange, Defer Taxes With 1031 Like-Kind Exchange, Starker 1031 Tax Deferred Exchange, Starker 1031 Like-Kind Exchange, How To Build Wealth Through A 1031 Tax Deferred Exchange, How To Build Wealth Through A 1031 Like-Kind Exchange, 1031 Like-Kind Exchange Replacement Property Deals, 1031 Tax Deferred Exchange Replacement Property Deals, 1031 Like-Kind Exchange Real Estate Investing Strategy, 1031 Tax Deferred Exchange Real Estate Investing Strategy, 1031 Like-Kind Exchange Replacement Property Strategies, 1031 Tax Deferred Exchange Replacement Property Strategies, 1031 Like-Kind Exchange Replacement Property Investment, 1031 Tax Deferred Exchange Replacement Property Investment, 1031 Like-Kind Exchange Benefits, 1031 Tax Deferred Exchange Benefits, 1031 Like-Kind Exchange Boot, 1031 Tax Deferred Exchange Boot, 1031 Tax Deferred Exchange 180 Day Closing Period, 1031 Like-Kind Exchange 180 Day Closing Period, 1031 Like-Kind Exchange 45 Day Identification Period, 1031 Tax Deferred Exchange 45 Day Identification Period, 1031 Tax Deferred Exchange Rules And Requirements, 1031 Like-Kind Exchange Rules And Requirements, http://southerncaliforniabroker.com/2017/11/20/southern-california-1031-exchange-replacement-property-deals-1031-like-kind-exchange-strategies/
Views: 8416 Michael Stark
Reverse 1031 Exchange - Overview with Example
1031 reverse exchanges are an exceptionally powerful tool for the investor who must purchase the new investment property immediately. You can buy now and sell later by using a reverse exchange.
Views: 1926 cavidnow88
1031 Exchange for Real Estate
In this video, Stephen Harper explains what the IRS 1031 Exchange is. If you're an investor or a professional, this is a must-watched video. For a full in-depth explanation breakdown of the 1031 Exchange on a deeper level, check out https://sj171.infusionsoft.com/app/page/1031
What are the Benefits of a 1031 Exchange?
One of the questions we often hear is "What are the benefits of a 1031 Exchange?" A 1031 Exchange is an excellent tool for building your wealth by keeping your money working for you by deferring the payment of your taxes and by increasing your cash flow. Let's say you bought a single family residence for $300,000. You rented the property for five years and it increased in value to $500,000. You now have a $200,000 capital gain. Now, let's say you're ready to trade up into a fourplex. If you sell the property, you will pay taxes on the $200,000 gain and have a much smaller amount to reinvest. However, if you do a 1031 Exchange, you can defer all of the gain into the fourplex. You have successfully increased your cash flow and net worth. 1031 Exchanges are complex, that's why you need an expert! Call Exeter 1031at 1-619-239-3091 or visit http://www.exeterco.com
IRC Section 1031 Exchanges: How To Avoid Capital Gains When Selling Property
In this months Equity Advantage Blogcast, 1031 Exchange facilitator David Moore covers capital gains, including how to avoid capital gains and when to contact a 1031 Exchange Expert. Head to our channel for more 1031 Exchange questions! WEBSITE ----------- http://www.1031exchange.com http://www.iraadvantage.net 1031 EXCHANGE FAQ ------------------------------- http://www.1031exchange.com/faq/ SOCIAL MEDIA ----------------- Linkedin: https://www.linkedin.com/company/484108 Google+: https://plus.google.com/+EquityAdvantageIncorporatedPortland Facebook: https://www.facebook.com/EquityAdvantage Twitter: https://twitter.com/BarterbroInstagram: https://www.instagram.com/equity_advantage/ Youtube: https://www.youtube.com/channel/UCbyThSCgw2mJwyIn30aCVEg VISIT MY BLOG ---------------------- http://www.1031exchange.com/category/blogcasts/ Disclaimer: All my opinions are my own. These statements are not meant to be taken as investment advice.
Complete Your 1031 Exchange and Then Pull Out Up To 85% of Your Equity TAX FREE
A Zero Cash Flow Strategy allows you to complete all the requirements of your 1031 Exchange, thereby locking in your tax deferral. Then it allows you to re-finance and take out up to 85% of your Equity out of the transaction on a non-taxable basis. This is an ideal strategy for the 1031 Exchange Investor who is in their 45 Day Identification Period and is having difficulty locating attractive 1031 Replacement Properties. This trade allows the Exchanger to complete all of the requirements of their 1031 Exchange, protect their tax deferral and then pull out up to 85% of their Equity through a re-finance completely Tax Free. These monies can then be used for what ever purpose the Exchanger wishes. Whether it goes back into real estate is completely at the discretion of the Exchanger. This strategy is also great for those Investors who want to take their profits today, and then sit comfortably on the sidelines with up to 85% of their Equity. For more information, and to have us prepare numbers unique to your situation call Today: Steve Arnold - President, Carnegie Wealth Management, Inc. 239-898-8918 Direct Line [email protected]
1031 Exchange - What is Cost Basis?
Learn how cost basis is calculated for a 1031 tax exchange. 1031 exchange expert Julianna A. Clementi-Ryan explains what's involved in determining cost basis.
Views: 2734 ExpertRealEstateTips
Northern Texas Real Estate Agent: 5 rules of the 1031 exchange
If you want to sell your rental property, you will have to pay a capital gains tax on the profits from the sale—unless you use a 1031 exchange. The 1031 exchange helps grow your capital and tax shelter. Basically, you roll your profit into another like-kind property. There are a few rules you have to follow if you want to use the 1031 exchange, though. To learn more, watch this short video. http://anastasiariley.blogspot.com/2017/07/5-rules-of-1031-exchange.html Buying a home? Check out our free home search: http://www.searchnorthdallasareahomes... Selling a home? Check out our free home value report: http://www.searchnorthdallasareahomes... Anastasia Riley Ebby Halliday Realtors 1415 Legacy Drive Ste. 100 Frisco, TX 75034 972-984-0511 [email protected] AnastasiaRiley.com Transcription: A 1031 exchange is named for the relevant section of the IRS tax code and allows you to defer paying capital gains tax by exchanging one investment property for another like-kind property. For example, say you own a rental house and the value has appreciated since you purchased it. If you sell the property, you would have to pay capital gains tax on the profit. If you do a 1031 exchange to buy another investment property, you can roll over the profit into the next property and defer the capital gains tax. In other words, you can invest the full proceeds of the sale into your new investment. When used correctly, the 1031 exchange is an excellent way to grow your capital and tax shelter. You can keep rolling your capital into new like-kind properties as long as you follow a few simple rules: 1. You must exchange your investment property for a like-kind property. When it comes to real estate, the definition of “like-kind” is fairly broad. You can exchange your rental property for raw land, an apartment building, or commercial office space so long as the property is located within the United States and will not serve as your primary residence. 2. You have 45 days from the sale of the original property—also known as the relinquished property—to identify your replacement property. You have 180 days to close on the replacement property. 3. The replacement property must be of equal or greater value to the relinquished property in order to defer 100% of the tax. 4. Use a designated intermediary, also known as an independent third party, to facilitate the exchange. Obviously, there will be fees involved with this. 5. The 1031 exchange can only be used by the same taxpayer. The name on the title of the relinquished property must match the name on the title of the replacement property. I can certainly connect you with professionals who are well-versed in 1031 exchanges. If you have any other questions, please don’t hesitate to give me a call or send me an email. I look forward to hearing from you!
1031 Exchange  •  Never Pay Capital Gains Taxes and Beat the IRS
A 1031 Exchange allows for tax free real estate investing. A 1031 exchange gives us a way to move out of an asset, and exit strategy if you will need to relinquish your property without paying the taxes which are ordinarily due when you liquidate an asset. The key is that you have to exchange it for another property of "like kind". What do I mean by like kind? Real estate for real estate, it could be a house for a condo, condo for a warehouse, or warehouse for an apartment complex… as long as it is real estate for real estate – the key is you cannot accept any cash. Three main rules to follow: 1. But the relinquished and acquired property must be of productive use in a trade or business or for investment (owner occupied residences are in eligible). 2. Both the property exchanged in the one receipt must be of like kind (meaning real estate for real estate). 3. The exchange must occur. The owner cannot sell one property for cash immediately use cash proceeds to purchase another property. That is to say, the owner cannot touch cash. Two deadlines to meet with a delayed exchange: The IRS allows the owner of the relinquished property up to 45 days to identify a replacement property The second deadline to close the next transaction within 180 days after the property is relinquished Subscribe: https://www.youtube.com/channel/UCxp2xuR5KPyGd0tVQcpuymQ?sub_confirmation=1
Views: 347 Finance 101
Defer Capital Gains Tax On Real Estate Sales (1031 Exchanges)
http://www.realestateguide2success.com - In this episode, Ronnie responds to a question received on the website about 1031 tax deferred exchanges, and how they can be used to keep the profit from the sale of an investment property working for you over time. Also called 1031 like kind exchanges, these transactions can be used to help with your annual tax planning, allowing you to keep your available capital in your business, and provides more time to generate tax deductions to help reduce the capital gains tax on the sale of your property. You can look at it as a sort of capital gains tax exemption, meaning if you execute the 1031 exchange, you are exempt from paying capital gains tax on the property at that given point in time. Remember to join our community over at Facebook as well - http://www.realestateguide2success.com/facebook
Views: 3386 InvestSuccess
1031 Like Kind Exchange Deadline Dates - 45-Day and 180-Day Rules
What are the deadlines for a 1031 like-kind exchange tax deferral under Internal Revenue Code (IRC) Section 1031? Paul Holloway discusses the 1031 timeline and explains the 45-day rule and the 180-day rule.
Views: 479 Accruit
1031 Property Improvement Exchanges
A 1031 exchange in which a taxpayer sells relinquished property for a greater value than the cost of the replacement property and then makes improvements upon the replacement property, the improvement costs may be included as part of the exchange as long as safe harbor provisions are closely adhered to. Paul Holloway outlines how this can be done with a qualified intermediary.
Views: 535 Accruit