1031 Exchanges: Common Questions

What's the hack that most rich people use? 1031 exchanges is on the list! A 1031 exchange done right is one of the most powerful wealth-building tools available to real estate investors. Most people underutilize it because they don't understand it. Listen to this week's episode to better understand what a 1031 is and common myths that could beThe last 10 years @mike has worked in acquisitions and investment for MF RE, where has been apart of teams that have underwritten, sourced and managed over $1B in RE and most recently was educating the masses on 1031's during his time with a qualified intermediary company.We discuss:What to look out for in 1031’sCommon Misconceptions The best questions to ask your QIWhat fees and additional costs should investors expect when facilitating a 1031 exchange, and how can they minimize themHow the holding structure affects the exchange process, and what flexibility exists for complex scenariosLongevity of 1031’sHow investors can align a 1031 exchange with their long-term goalsDISCLAIMER: This podcast is for informational and educational purposes only and does not constitute financial advice. Please consult with a qualified financial professional for advice specific to your situation. The views and opinions expressed are those of the hosts and guests, and do not necessarily reflect those of the podcast, producers or sponsors, we make no representations or warranties regarding the accuracy or completeness of the content.