1031 Exchange Explained: A Real Estate Strategy For Investors
Published 2022-05-30
In this video, Toby Mathis, Esq. will explain how a 1031 Exchange works and how you can benefit from it for real estate investing.
The 1031 exchange is a real estate strategy that many use to improve their performance in the market. If you’re not familiar with the 1031 exchange process, it is a way for real estate investors to sell an asset and reinvest the capital into another one without paying taxes on the profit. The idea is that your profits are put towards another asset and then when you sell that new investment, you’ll be able to claim all of your costs back.
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Show Notes:
0:00 Intro
0:12 Where 1031 Exchanges Take Place
5:34 Qualified Intermediary
9:15 QI Timeline
9:54 Scenarios
14:38 1031 Exchange in California
32:33 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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All Comments (21)
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Would you like to learn more about this topic and talk to someone? Schedule a free consultation here: aba.link/aa50fa
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All gems 💎 my guy! I feel like I owe you an hour consultation. Keep up the great work.
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I found this video super helpful. Thank you for sharing!
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No wonder you have 340k subs. Your content is 🔥
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thank you so much for your video
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Great explanation of 1031 exchanges.
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I know a video is very informative when I have to back it up several times to understand what is being said. Well done!
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Can we buy with a loan on the replacement property? Or all the proceeds have to go back into the replacement purchase? Thank you Sir.
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Great video. Thanks for creating. Does the tax obligation amount change with the tax laws & percentages every year, or does the amount owed stay static over time? A 50k debt won't sting as much in twenty years as it does today, even if a 1031 deferral comes due at that time.
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Thanks
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Thanks for the video. Question: we bought a home in 2016 and kept our old home, but haven't rented it out during that time (a long story). Our new home has doubled in value from 500k to over 1M. so we could sell and use the 121 exclusion on the new home, no problem. My question is regarding the first home: as it WAS a primary residence but no longer qualifies, will it be considered investment property if we rent it out, then be able to do a 1031 exchange? We are looking to leave the state soon and would consider divesting all holdings. We also own some land that has been rented since 2006 and is worth about $500k.
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Thanks! : )
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Oh California! How I love and hate you at the same time😂. Great video got me laughing and learning at the same time! Thank you for the education! Looking forward to doing business with you sometime within a year from now. Just subscribed! Much respect to you! 🤙🏽
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hello toby, my understanding of the 1031 exchange is that i can not 1031 from SF to MF. Is this correct?
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How do I find a “QI”
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Learn how to use the IRS tax code to your advantage and keep more of what you earn during this free webinar. aba.link/oyf
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Where do I find a QI ?
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example can I buy 10 properties as long as it does not exceed 200% of the sale??
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Great video, but no one talks about after you do the 1031 and you sell - what about the deferred gain? Not everyone is going to exchange for the rest of their lives. Can you cover that in a video one day? thanks for all of your video I watch them weekly and share with other CPAs
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So I have an Airbnb that’s still under my name, will it still work or do I have to transfer it to an llc? Also, if I buy a duplex, can I live in one?
