1031 Exchanges Explained in Plain English featuring Michael Velasco

Selling a multifamily property can trigger a huge tax bill. Michael Velasco explains how investors can legally defer those taxes using 1031 exchanges. In this episode, Michael walks through the core rules investors need to know before selling an investment property. He explains forward exchanges, reverse exchanges, and improvement exchanges using real-world examples that make the process easier to understand. The conversation also covers common mistakes investors make, why the 45-day timeline can create pressure, and why investors should contact a qualified intermediary before listing a property for sale. Key Topics Discussed: The basic rules behind 1031 exchanges Equal or greater value requirements The difference between forward and reverse exchanges How improvement exchanges work for value-added projects Why the 45-day timeline creates challenges Common mistakes investors make before selling Why experienced investors often prefer reverse exchanges Guest Information: Michael Velasco Qualified Intermediary 1031 Exchangeable Website: 1031 Exchangeable Call To Action: Visit Michael’s website to schedule a consultation, access educational resources, and learn more about how 1031 exchanges work before listing an investment property for sale.