Why You Should NOT Do 1031 Exchange! Instead, Do This!
from The Wealth Elevator Hosted by Lane Kawaoka
Can exchanging your property with a different property(1031 strategy) bring any good than harm? 1031 Exchange in general has a tax deferral advantage BUT its drawbacks outweigh its benefits. This includes high fees and charges, not having control over the property and poor liquidity of the asset. Educate yourself. Don’t fall into the 1031 trap! Join us in the 2022 Mastermind Retreat! This is open to past investors and family office members. Visit simplepassivecashflow.com/ 2022 retreat for more details.
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