Episode 16: Options and Strategies for Real Estate Investing. Primary Homes, Rentals and Commercial Properties

In this episode of Wealth on Purpose, Brian Diffily asks Brian Hartmann to go deep on common real estate questions and strategies. Hear from Hartmann on how best to take advantage of current tax codes specific to investment properties and multigenerational real estate investing. What is a stepped-up cost basis? What is a 1031 exchange? Learn about these strategies and more in this episode. Key Topics: Capital gains tax exclusions for selling a primary home, with limits for singles and couples Rules for qualifying a home as a primary residence and avoiding state tax issues Tax-efficient strategies for passing property to heirs, including the step-up in cost basis Managing vacation homes, addressing family dynamics, and using trusts to ease financial burdens Deferring taxes through 1031 exchanges when reinvesting in like-kind properties Simplifying real estate portfolios with Delaware Statutory Trusts (DSTs) for passive income Considerations for control and liquidity when investing in real estate through DSTs Connect with us:  Brian Diffily Brian Hartmann, CFP® Visit our website: Granite Bridge Wealth