Episode 7: Alternatives to the 1031 Exchange

A 1031 Exchange allows capital gains taxes to be deferred when you sell income producing real estate. This powerful strategy protects your real estate investments from taxation and it allows you to grow your wealth faster and more efficiently.

What happens, however, if you are not selling income property? What if you are selling your primary residence, vacation home, paintings, bitcoin, your business or some other highly appreciated asset? Normally, the gains realized from the sale of these assets create taxes that become due upon their sale.

You may be wondering, are there alternatives to the 1031 exchange that will allow you to defer the taxes due on the sale of those other assets as well?

The short answer is YES, and in this episode of “Financial Independence – A Better Perspective”, Lance and Randy discuss the benefits of utilizing the 1031 Exchange, as well as several alternative strategies that you likely never knew existed. 1031 Exchange is a swap of one investment property for another that allows capital gains taxes to be deferred. In this episode, Randy and Lance discuss the benefits of utilizing the 1031 Exchange, as well as the basic rules of the program.

What you’ll learn in this episode:

Resources:

LanceSchool.com

Grab a FREE Copy of Lance’s Best Selling Book, How to Make Big Money in Small Apartments here.

Get Access to Lance’s Best-selling Small Apartment Wholesaling Course here.

Get Randy’s The Financial Independence Toolkit ℠

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