Aug 02 2024 39 mins
Section 1031 in the tax code can be leveraged to your advantage when it comes to real estate investing and today on the Real Estate Investor Podcast, Brandon Burns is here to give listeners a 1031 master class. Listening in, you’ll hear all about the power of the Section 1031 tax code in investing, what a 1031 scenario looks like, what could go wrong, how to select a qualified intermediary, and more! Brandon delves into the different kinds of 1031 exchanges before explaining what a reverse 1031 is and why it’s a safe option. Finally, our guest reminds listeners to educate themselves and plan in advance before getting themselves into any situation. To hear all this and so much more, be sure to tune in now!
Key Points From This Episode:
- Welcoming Brandon Burns to the show.
- The power of the Section 1031 tax code in real estate investing.
- Brandon walks us through a 1031 scenario in multifamily.
- Some possible reasons 1031 exchanges don’t work out.
- The key qualities to look for in a qualified intermediary.
- A breakdown of the three different kinds of 1031 exchanges.
- Brandon explains what a reverse 1031 is.
- The tax burdens involved in buying property.
- A reminder to educate yourself on the rules before closing a deal.
Links Mentioned in Today’s Episode:
Brandon Burns on Instagram
Vanguard 1031 Exchange
Vanguard 1031 Exchange Contact Number: 858-331-1031
Asset Management Mastery Facebook Group