Podcasts about tax deferred exchange

Delay Your Taxes Even Longer...  ... is something that almost everyone wants to do A 1031 Exchange is something that I have spent a lot of time on over the years Its a tax strategy used when selling a property that allows the seller to defer (delay) the tax due until a subsequent sale has been completed this allows them to put more of the money to work and pay the taxes somewhere down the road I have discussed it in a number of forums recently in the spirtit of contribution to the real estate community there is another layer that can be added when a seller decides that they want to take their profits and use them for something other than a real estate purchase let's suppose that you have a need for some of the money now but not all of it right away and what you would really like  is to have an income from the sale for 10, 20 or even 30 years you could "become the bank" and finance the purchase for your buyer they would give you a down payment and make monthly payments just like they would if they got the money from their bank the difference is that you receive installments each month and would only pay tax on what you receive in a year based on your cost basis and profits from the sale which allows you to spread out the tax due for many years you should definitely talk to your tax planner before you make any moves like this but for some sellers and investors this is the exact right strategy today's show walks you through a number of scenarios

Mark built a pretty big rental portfolio but didn't do anything risky or overextend himself.Instead, he took a slow and steady approach and built his rental portfolio slowly over time.On this episode, we'll discuss how he built his rental portfolio, the types of properties he bought, and how he used the 1031 Tax-Deferred Exchange to double his cash flow once he built up equity in a property.Mark will also share his advice for anybody investing in today's market and his mentor's advice when he was house hacking many years ago.https://rentalincomepodcast.com/episode483

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While investment philosophies differ, most investors share a common goal … Acquiring more properties and increasing profits.  So instead of letting taxes erode earnings and stunt portfolio growth, savvy investors opt to tap into the power of the tax code. In this episode, we shine a light on one particularly tax-saving tool that allows investors to swap one property for another and defer taxes. This powerful strategy can help investors leverage dollars that would otherwise be spent on taxes, but because it only works if complex rules and timelines outlined by the IRS are met, professional guidance is recommended.  Tune in as we explore the 1031 Tax Deferred Exchange with Scott Saunders, an investor and Qualified Intermediary who has successfully overseen more than 200,000 of these transactions. And don't miss an insightful update on the world of Residential Assisted Living with Isabelle Guarino in today's Market Spotlight! Visit our Special Reports Library under Resources at RealEstateGuysRadio.com.

In my last training, I shared why multifamily is far superior to single-family rentals. Many single family owners asked me how they can make the switch to multifamily. This podcast is going to show you how.

Harley shares how he got started buying rent-ready condos off the MLS. Those properties appreciated over a few years, but rents didn't appreciate as quickly as the property values.Eventually, Harley wasn't getting a good return on his equity.He decided to sell his condos using a 1031 Tax Deferred Exchange and trade up better properties that generate more cash flow.For example, he took a property that was rented for $1,750/month and exchanged it for a property that generates $10,500/month. That's an increase of $8,750 a month!https://rentalincomepodcast.com/episode428

You can build a legacy for your inheritors by using the 1031 exchange to defer your taxes. Scott Saunders explains the nuances in today's episode. Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. Scott Saunders is Senior Vice President with Asset Preservation, Inc. Scott has an extensive background in IRS §1031 tax deferred exchanges, having been involved in overseeing and structuring over 100,000 §1031 exchanges during his 34 years in the exchange industry. He holds a Business Economics degree from the University of California at Santa Barbara. Scott was a contributing author to the book Real Estate Exchanges: Using the Tax Deferred Exchange in Real Estate Investment Management and has been featured in The Wall Street Journal, CNBC, Forbes Real Estate Investor and U.S. News and World Report. 4 Pillars 1. Skillset 2. Mindset 3. Network 4. Inflation Books: The Wealthy Code by George Antone, The Debt Millionaire by George Antone You can connect with Scott at 800-282-1031, Scott@apiexchange.com or www.apiexchange.com Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

On this week's show, America's Land Auctioneer fields questions from listeners and gives advice on what to look for when buying farmland. Kevin Pifer also highlights the tax deferral process of completing a successful 1031 Tax Deferred Exchange.Follow Kevin at www.americalandauctioneer.com and on Instagram & Facebook

You own an investment property and want to sell it; but you also don't want to pay all that tax. In this week's episode David discusses the benefits of doing a 1031 Tax Deferred Exchange for investment properties. Plus, learn how to have your cake and eat it too, by pulling out some money tax free, before […]

You own an investment property and want to sell it; but you also don't want to pay all that tax.  In this week's episode David discusses the benefits of doing a 1031 Tax Deferred Exchange for investment properties.  Plus, learn how to have your cake and eat it too, by pulling out some money tax free, before or after a transaction is complete! This is not a recommendation for a 1031 Exchange, the mention of a 1031 Exchange in this Pod Cast is for Educational and Informational Purposes only.  https://www.cfci.us/2025-the-final-drive

If you're keen to understand the 1031 exchange better, this episode will be a great in-depth discussion. Let our guest Scott Saunders help you and explain how it works in the real estate business and tips on making the most of it as a wealth-building tool. You could have the best investment strategy in this conversation so dive into this one!Key Takeaways to Listen forWhat is the 1031 exchange and its advantages for investorsTypes of assets where you can utilize 1031 exchange1031 exchange processes and timelineThe amount of deferred taxes on a 1031 exchangeHow to keep deferring taxes on capital gainsMistakes to avoid when doing a 1031 exchangeResources Mentioned in This EpisodeFree Apartment Syndication Due Diligence Checklist for Passive Investor About Scott SaundersScott R. Saunders is Senior Vice President with Asset Preservation, Inc. (API), a subsidiary of Stewart Information Services Corporation (NYSE: STC). Scott has an extensive background in IRC §1031 tax deferred exchanges, having been involved in overseeing and structuring over 100,000 §1031 exchanges during his thirty-four (34) years in the exchange industry.  He is a former President and Board Member of the Federation of Exchange Accommodators (www.1031.org), the national §1031 exchange industry trade organization, and holds a Business Economics degree from the University of California at Santa Barbara. In addition, he has been a regular presenter of 8-hour C.L.E. and C.P.E. approved classes on advanced §1031 exchange issues to accountants, attorneys, commercial developers, and CFOs arranged by Lorman Education and the National Business Institute. Scott regularly provides webinars for continuing education credit on §1031 exchanges for many organizations, including CPAAcademy.org, the CPA Leadership Institute, and myCPE.com. In addition to being an accredited speaker in numerous states, Mr. Saunders was a contributing author to the book Real Estate Exchanges: Using the Tax Deferred Exchange in Real Estate Investment Management and has been featured in The Wall Street Journal, CNBC, Forbes Real Estate Investor and U.S. News and World Report.  He has written over 200 articles on various aspects of §1031 exchanges, capital gain taxation, and investment real estate. His articles have been featured in many investment publications such as the New York Real Estate Journal, Mid Atlantic Real Estate Journal, Inman News, REBusiness Online, Heartland Real Estate Business, Western Real Estate Business, REALTORS® Land Institute Terra Firma, ALTA's Title News, HousingWire and many other real estate and other financial publications. Connect with ScottWebsite: Asset Preservation IncorporatedEmail: scott@apiexchange.com Phone: 800-282-1031Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.

How do you qualify for a tax-deferred exchange? Listen in as Atty. Harry Borders talks about the types of real estate exchange to consider, the property types allowed for 1031 exchange, and the different techniques to start with a section 1031 transaction.  Key takeaways to listen for  What is capital gain taxes and how it works  The fundamentals of 2-money rules and 2-time rules Reverse exchange vs. built-to-suit exchange Biggest challenges of 1031 exchange  Perfect pre-planning scenarios for paying no taxes  Why can't you invest in a property outside the US?   About Atty. Harry Borders  Harry B. Borders joined the firm in 1991 after graduating in the top ten percent of his University of Kentucky law school class. Harry also has an engineering degree from the University of Louisville. In addition to real estate closings, he sets up companies (limited liability companies and corporations), handles IRS section 1031 tax-deferred exchanges, and works closely with real estate investors. He is a frequent instructor of real estate law courses at the Greater Louisville Association of Realtors. He is a member of the Louisville and Kentucky bar associations. Harry is also a member of the Kentucky Real Estate Investors Association. He travels annually to Central America with Hand in Hand Ministries to help build hope for the poor of the region.  Connect with Atty. Harry Website: Borders & Borders, PLC Email: Harry@HarryBorders.com Phone: 502-894-9200   Connect With Us To learn how to consistently buy real estate working just 5 hours a week, click here. Follow Mike on Social Media Facebook: Mike Butler LinkedIn: Mike Butler Instagram: @mikebutlerusa Twitter: @MikeButlerUSA

Today, on the Passive Accredited Investor Show we are celebrating one of the many princesses that we know (one could even call her a Queen)! Mary Hart joins the Carolina Capital Team at 1:00 PM Eastern to discuss what she has been teaching Real Estate Professionals all over the country! Mary is an attorney and the owner of Hart Law in Asheville North Carolina. She has been practicing law for 30 years and has spent years teaching real estate investors and others how to accelerate and preserve wealth through Estate Planning, Asset Protection Planning, Investing with Self-Directed IRAs, Private Money Lending, Selling Real Estate through a Section 1031 Tax-Deferred Exchange and more. Mary particularly enjoys empowering others with the knowledge to live a financially successful life and the means to pass that wealth onto loved ones – which she considers to be the ultimate love letter! Although Mary enjoys the practice of law, she knows she can empower more people through education and wants to enrich their lives through financial knowledge! Mary believes that financial literacy is missing in the lives of most Americans as financial education is not generally taught in the school system and she hopes to help raise awareness of the importance of financial knowledge to the quality of life of all Americans. Timestamps: 0:01 - Introduction: 1:39 - https://www.CarolinaHardMoney.com 1:57 - https://calendly.com/wendysweet/wedne... 2:41 - Today's guest: Mary Hart 3:43 - Mary Hart, The Lightning Lips 5:32 - Your state plan is your ultimate love letter 8:49 - If you have properties in several states do you recommend putting each property into its own LLC or one LLC to cover them all? 10:59 - What states do you think are better for LLC? 12:55 - As for sheltering real estate, do you recommend LLC, Trusts, etc? 20:41 - Mary Hart and Short Term rentals. 22:52 - Mondays with Mary: https://www.calendly.com/mondayswithmary 29:26 - Connect with Mary Hart - https://www.KnowledgeIsMoney.net Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground-up Construction Loans" for investors only in NC, SC, GA, VA, and TN (some areas of FL, as well). As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management. Listen to our Podcast: https://thealternativeinvestor.libsyn... Visit our website: https://carolinahardmoney.com YouTube Channel: https://www.youtube.com/channel/UCYzC... Facebook: https://www.facebook.com/CarolinaHard...

This is the 100th year anniversary of the 1031 Tax Deferred Exchange. Investors have been able to sell real estate held for rental, investment, or business use and defer the payment of Federal and most state taxes by reinvesting in other real estate also held for rental, investment, or business use for 100 years. Retirement account investors have been able to use their Self-Directed IRAs and Individual 401(k) Plans to invest in non-traditional assets, often called “alternative investments” since 1974. This includes real estate and real estate related assets, including various regulated investment options that require the investor to be an “accredited investor.” Real estate related assets can include real estate, promissory notes secured by deeds of trust or mortgages, tax lien certificates, limited partnerships, limited liability companies, and more. The “Build Back Better Act” (2021) continues to be advanced by the House Committee on Ways & Means, which may have a significant impact on your ability to use 1031 Exchanges, Self-Directed IRAs, and Individual 401(k) Plans. We're Unravel the Mystery of the Proposed Tax Policy Changes Affecting 1031 Exchanges, Self-Directed IRAs, and Individual 401(k) Plans. Email your 1031 Exchange, Self-Directed IRA, and/or Individual 401(k) Plan questions to ASK@exeterco.com and we'll address them in our next episode.

Website link: SimplePassiveCashflow.com/1031guideStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast... See acast.com/privacy for privacy and opt-out information.

Website link: SimplePassiveCashflow.com/1031guideStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast... See acast.com/privacy for privacy and opt-out information.

Website link: SimplePassiveCashflow.com/1031guideStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast... See acast.com/privacy for privacy and opt-out information.

Eric talks about how he got started by turning a condo that he lived in into a rental. He rented thre property out for a few years and was making about $300/month. Recently, he sold that property and moved the equity to a 4-Plex using a 1031 Tax-Deferred Exchange, and increased his cash flow to $1,200 a month.

It's easy to buy investment real estate. The tough part is deciding when to sell significantly appreciated investment property. Should you sell? When should you sell? What are your options if you do sell? Do you cash out and pay the taxes? Should you reinvest using a tax-deferred strategy? We demystify your options. Discussion includes a breakdown of the various tax strategies and investment options available to you. Should you just sell and pay your taxes or should you sell and structure a tax-deferred transaction such as a Seller Carry Back Note (Instalment Sale), 1031 Tax Deferred Exchange, 1033 Tax Deferred Exchange, Charitable Trust or a Qualified Opportunity Zone (QOZ) Investment Fund. If you structure a tax-deferred exchange, should you reinvest in active real estate or passive investment real estate and what type of real estate (asset classes) would be suitable for you?Email your 1031 Exchange questions to ASK@exeterco.com and we'll address them in our next episode.Subscribe to our YouTube channel here: https://www.youtube.com/TheExeterGroupofCompanies/

The rules for identifying and acquiring qualified use and like-kind replacement properties in a 1031 Exchange transaction are complex and confusing. Your 1031 Exchange 45 calendar days identification deadline can be exceptionally challenging, especially in fast-paced real estate markets. Today we discuss qualified use and like-kind replacement property requirements, including the type of real estate assets (asset classes) that can be identified and acquired as part of your 1031 Exchange strategy. You will be surprised at some of the real properties that are considered like-kind and qualify for tax-deferred exchange treatment under Section 1031 of the Internal Revenue Code. Discussion includes critical issues such as demonstrating intent to hold for rental, investment or business use, definition of qualified use and like-kind replacement property, strategies for listing and selling your relinquished property and making offers and acquiring replacement properties in a challenging and fast-paced real estate market, active vs. passive ownership of real property, and the various real property classes that qualify for 1031 Tax Deferred Exchange treatment. Email your 1031 Exchange questions to ASK@exeterco.com and we'll address them in our next episode. Subscribe to our YouTube channel here: https://www.youtube.com/TheExeterGroupofCompanies/

Kristin B. Tate (FOX News, CNN, MSNBC) joins me to discuss Biden tax and housing policies, inflation, and investing. President Joseph R. Biden, Jr.’s bill to create a $15,000 first-time homebuyer tax credit is wrong. It helps the demand side. America needs help on the supply side. I give ideas. Biden wants to severely limit the 1031 Tax-Deferred Exchange for real estate investors. Only your first $500K of gains would be exempt from capital gains tax. This would cause a rush of sales in the real estate market. It would also hurt long-term liquidity for larger apartment buildings.  Zumper’s National Rent Report shows substantial rent increases in many Midwest and South real estate markets. I detail them. Next, Kristin B. Tate tells us why printing trillions of dollars means that investors should get out of the dollar. We discuss Joe Biden’s proposed increases to both income tax and capital gains tax. Kristin favors buying real estate assets to hedge against inflation: real estate, physical gold & silver, and cryptocurrency.    Resources mentioned: Kristin B. Tate on Twitter: @KristinBTate  Kristin B. Tate’s website & books: www.KristinBTate.com Show Notes: www.GetRichEducation.com/344 Zumper National Rent Report: https://www.zumper.com/blog/rental-price-data/ Get mortgage loans for investment property: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

The 1031 Tax Deferred Exchange is under threat by the Biden administration, and Jason's taking advantage of it while it still exists. But he's not taking advantage of it in his usual way. He's actually going about it completely backward from his old tactics. Then, listen in to Jason's presentation on how to invest in an inflationary market and grow your wealth during unprecendented money creation. Key Takeaways: [4:01] Jason's reverse 2-for-1 1031 tax deferred exchange [9:23] The Regression to Replacement Cost is creating upside in the market Jason's LIVE Presentation: [13:04] The hidden wealth creator of income property [20:18] The U-Haul Index [24:25] 2020's money creation was beyond any historical precendent [29:28] What's going to win between inflationary and deflationary forces? [35:51] 6 ways the government can get out of their debts Website: www.JasonHartman.com/Ask www.JasonHartman.com/Properties

Margaret Morgan of Keller Williams and Ross Rubin and Peter May of DST Sherpa join the podcast to discuss real estate investment, Delaware Statutory Trusts (DST’s), and 1031 Exchanges. DST’s provide a passive vehicle to continue real estate investment when actively managing your portfolio is no longer desirable or viable. The 1031 Tax Deferred Exchange is an exclusive tax deference benefit given to real estate investments that accrue capital gains. Thank you for watching and please subscribe to learn more about Real Estate, Real Estate Investment, and Property Management!Visit us at www.firstascentproperty.com to schedule a showing for investment/vacation property.Instagram: @firstascentpropertyFacebook: https://www.facebook.com/First-Ascent...Website: www.firstascentproperty.comPhone: 970-485-1540

Jason Hartman and investment counselor Adam explore the phenomenon of aging homebuyers in this episode before getting to some listener questions. Since the Great Recession the average age of homebuyers has skyrocketed into the upper 40s, about a decade older than it was before. Adam and Jason explore the reasons behind this shift and what it could mean for investors moving forward. Then Jason and Adam answer 2 listener questions, one about Capital Expenditures and one about when NOT to do a 1031 Tax Deferred Exchange. Key Takeaways: [4:16] The median age of homebuyers is now 47 [7:30] The downside of home ownership in this digital nomad society [12:06] The history of homebuyer ages [17:37] Are big CapEx like roofs and HVAC included in the pro forma maintenance percentages? [21:12] Always ask for a Scope of Work prior to entering into a contract [23:16] When shouldn't you do a 1031 Exchange? [27:56] A property profile in Indiana Website: www.JasonHartman.com/Properties

Jason Hartman and investment counselor Adam explore the phenomenon of aging homebuyers in this episode before getting to some listener questions. Since the Great Recession the average age of homebuyers has skyrocketed into the upper 40s, about a decade older than it was before. Adam and Jason explore the reasons behind this shift and what it could mean for investors moving forward. Then Jason and Adam answer 2 listener questions, one about Capital Expenditures and one about when NOT to do a 1031 Tax Deferred Exchange. Key Takeaways: [4:16] The median age of homebuyers is now 47 [7:30] The downside of home ownership in this digital nomad society [12:06] The history of homebuyer ages [17:37] Are big CapEx like roofs and HVAC included in the pro forma maintenance percentages? [21:12] Always ask for a Scope of Work prior to entering into a contract [23:16] When shouldn't you do a 1031 Exchange? [27:56] A property profile in Indiana Website: www.JasonHartman.com/Properties

Just a quick review of the current polices and rules for Capital Gains on your primary home and the needed steps for a 1031 Tax Deferred Exchange on your investment properties

In this episode, Nate Leavitt from 1031 Exchange Place joins us to talk about common mistakes and challenges investors face when going through a 1031 exchange. We also discuss the process of moving from an active investor role to a more passive investor through a 1031 exchange into a TIC (tenants in common) Syndication. ABOUT OUR GUEST: Nate first became interested in the 1031 industry from a young age and began working with his father in the space right after graduating from high school. Years later, Nate and his father are now business partners and provide 1031 intermediary and advisory services. In an industry that is overly fragmented, they’re able to provide a higher level of service to clients by blending 1031 intermediary services with replacement property advisory services. In addition to helping provide clients with a clearer understanding of the 1031 landscape, Nate also operates as a “TIC (tenant-in-common) sponsor” which provides 1031 investors that seek passive investment options with investment-grade properties that feature a minimum investment as low as $100k. CONNECT WITH OUR GUEST:1031 Exchange Placewww.1031ex.comhello@1031ex.com1-800-USA-1031CONNECT WITH US: Canovo Capital: https://www.canovocapital.com/Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourYouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredInstagram: https://www.instagram.com/apartmentinvestingjourney/Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE!

Chris Nolt, the author of Financial Strategies for Selling a Farm or Ranch, provides an excellent overview of the issues involved in completing the successful sale of a ranch or farm, and of the tax traps that many unprepared property sellers fall into.   After a lifetime of hard work – sometimes over generations – when the time comes to sell their ranch or farm, many families don’t realize how high the stakes can be. Failure to plan ahead, or improper planning, can cost families much of the potential value vested in their properties.   Two of Nolt’s favorite vehicles for legally and efficiently minimizing capital gains taxes on the sale of agricultural properties are the 1031 Tax-Deferred Exchange and the Charitable Remainder Trust.   On this edition of RANCHCAST with LEM LEWIS, Chris spells out the advantages of both 1031 Tax-Deferred Exchanges and Charitable Remainder Trusts, and also the restrictions that apply to both.

Real Estate 360 Podcast with Expert Kenn Renner discussing a case study of a 1031 tax deferred exchange his team recently completed. This complicated tax saving transaction saved his client over $500,000 in income taxes while tripling his cash flow. This is the story of how he helped his client turn one house in San Mateo into 9 new houses in Central Texas. This dramatic story includes: Tax strategies Builder relationships Renovations/delays A reverse exchange Hard money Train wrecks Heart surgery Ultimate success You need an expert like Kenn to get through a transaction like this – don’t try this on your own! Call Kenn at 512-423-5626.

In this episode, we talk with Trent Hendry of Mountain View Title and Escrow about the role of a qualified intermediary in a 1031 Tax Deferred Exchange. Trent started working for Mountain View Title & Escrow, Inc. in 1997 after graduating high school and while attending Weber State University. Here he obtained a Bachelor of Arts Degree in Accounting. Trent has had many different jobs within Mountain View Title, mostly as an escrow officer. He knows about each step in the closing process and is efficient. Trent specializes in doing both residential and commercial closings in Utah, Salt Lake, Davis, and Weber Counties. Trent has worked in many of Mountain View offices from Ogden to St. George doing closings, training staff, and currently works in the Draper Office as an Escrow Officer and Manager.Trent resides in Herriman with his wife Kami and four beautiful children; two girls and two boys. Trent loves sports; namely basketball, football, triathlons, baseball and of course golf. He is also very fond of vacationing in Lake Powell, backpacking, camping, and fishing.CONNECT WITH OUR GUEST:Trent@mountainviewtitle.com(801)619-1600CONNECT WITH US! Canovo Capital: https://www.canovocapital.com/Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourYouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredInstagram: https://www.instagram.com/apartmentinvestingjourney/Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE!

Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the US Air Force Academy and flew combat F16’s for over 28 years. Less than 15 years, he started with one single family home and turned that into a large multi-million dollar apartment portfolio…all during the time he was serving in the military. He is direct. He is smart. You need to listen to him if you are new to real estate investing. A 1031 exchange is a way to defer paying capital gains tax on the sale of property under Section 1031 of the Internal Revenue Service code. Lane discusses what savvy investors use as a ‘tool’ to defer capital gains on the sale of real estate. Lane is not a tax advisor, but will introduce you to the high level concept of what he has done in the past with tax planning. Please contact your financial advisor for a more in-depth discussion on your own situation. To contact Lane Beene: lane.beene@pilot-legacy.com

Discover how to sell your real estate and reinvest the profits into another property and avoid paying any taxes by doing a 1031 Tax Deferred Exchange. You'll learn, step by step, with a case study, how to do it. Use this powerful tool to build wealth in real estate and increase your net worth and cash flow.

Discover how to sell your real estate and reinvest the profits into another property and avoid paying any taxes by doing a 1031 Tax Deferred Exchange. You'll learn, step by step, with a case study, how to do it. Use this powerful tool to build wealth in real estate and increase your net worth and cash flow.

Discover how to sell your real estate and reinvest the profits into another property and avoid paying any taxes by doing a 1031 Tax Deferred Exchange. You'll learn, step by step, with a case study, how to do it. Use this powerful tool to build wealth in real estate and increase your net worth and cash flow.

Discover how to sell your real estate and reinvest the profits into another property and avoid paying any taxes by doing a 1031 Tax Deferred Exchange. You'll learn, step by step, with a case study, how to do it. Use this powerful tool to build wealth in real estate and increase your net worth and cash flow.

A 1031 exchange lets you defer gain on the sale of real estate. However, many variables are involved that can go wrong and leave you without a property to close into. Then, you’ll have taxable gain. Today, Clint Coons of Anderson Business Advisors talks to Scott Hendrix, wealth manager at Upstream Investment Partners. Scott shares the perfect backup solution to save 1031 exchanges. Highlights/Topics: Fastest growing area of Scott’s business: Real estate investors who want to sell property that’s gone up in value above what they originally purchased it at Delaware Statutory Trust (DST): Legitimate replacement property recognized by the IRS, but relatively unknown option for real estate investors doing a 1031 exchange Tax Cuts and Jobs Act (TCJA): Rules out all appreciated assets, except real estate, as eligible transfer under Section 1031 1031s don’t work without a qualified intermediary (QI) that holds and sends funds for specific time periods Similarities and differences between DST and Real Estate Investment Trust (REIT):Both are passive real estate ownership REITs are not eligible as replacement properties REITs are not legally structured as actual property under management DST owns the real estate that qualifies as legitimate reinvestment of tax-deferred gains under 1031 exchange; REIT may or may not own it, so it doesn't qualify Find and Identify DSTs: Work with advisors/brokers to look at available open trusts, find trusts that meet your needs and goals, and use them as a backup:Investors have only 45 days from closing date on property being relinquished to identify where they intend to reinvest their proceeds If intended deal doesn’t work after 45 days, IRS makes you liable for capital gains tax and depreciation recapture tax (if applicable) DSTs offer classes of real estate assets to give investors an opportunity to passively own a class of real estate without any expertise, but interest in additional diversification Return Rate: 90% of net operating cash flow comes back to investor on a monthly basis at an annual rate; rates vary depending on prevailing conditions 1031s can be repeated; sponsor provides notification about selling property and can tax defer it again under Section 1031 or take their gains and incur tax liability Sponsors usually liquidate their entire portfolio at one time; but they could choose to sell only a portion, depending on current condition of real estate market Biggest Risk with DST: Once you're an investor in a piece of property, you can’t get out of it until a buyer comes along - could take years Three reasons real estate investors use DST as a backup plan: Can be named backup property during 45-day identification period Taxable boot (a.k.a. leftover cash) Still want to own real estate, but don't want to do the work; done being a landlord and dealing with tenants, plumbers, contractors, and building inspectors Resources Upstream Investment Partners Scott Hendrix on Twitter Scott Hendrix’s Phone Number: 512-861-0523 Scott Hendrix’s Email  Opportunity Zones FAQ Opportunity Zone Heat Map 1031 Exchange Delaware Statutory Trust (DST) Real Estate Investment Trust (REIT) Opportunity Zones Resources Tax Cuts and Jobs Act (TCJA) Clint Coons’ Webinar on Qualified Opportunity Zones Clint Coons Anderson Advisors Tax and Asset Protection Event Anderson Advisors on YouTube Anderson Advisors’ Blog

Your equity is re-positioned when you make a 1031 Tax-Deferred Exchange. All at once, you can: Increase your cash flow Increase your leverage ratio Create arbitrage Increase your velocity of money Expand the value of your RE portfolio Do it all with zero tax on the gains Gain geographic diversity Real estate capital gains tax is higher than many think: 15% - 23.8% Federal, plus State of up to 13.3%, plus Depreciation Recapture. Californians could pay 37%+ in capital gains tax. Fortunately for real estate investors, you can defer all of these taxes with a 1031 Tax-Deferred Exchange. We discuss your 45-day and 180-day timelines, “like-kind”, your Qualified Intermediary, and 1031 traps to avoid. Columbus, Ohio could potentially be a wise place to exchange your equity into. Why Columbus? Ohio’s largest city and capital Fortune 500 companies High rents & low purchase prices Growing city Family-friendly suburbs Low cost of living with good incomes 14th-largest U.S. city SFR Rents $800 - $1,300, Prices $80K - $150K This provider has turnkey rehab operations integrated with management so that you can buy an “all-done-for-you” single-family rental property Connect with the provider and get their Columbus Investor Report here: www.getricheducation.com/columbus. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Columbus Income Property: GetRichEducation.com/Columbus Forbes: Californians Move, Then Sell Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold  

#179: Money is an abundant resource. I tell you why. When you’re looking to move accumulated equity, should you do a: 1) Straight sale. 2) 1031 Tax-Deferred Exchange. 3) Cash-out refinance. Avoid lazy money. My personal internet bill is $145, cable $126, phone around $100. Who cares? You learn how much I like to spend on a hotel. Uber and Lyft are killing the parking business. Learn how to estimate rental property operating expenses. Want more wealth? 1)    Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2)    Actionable turnkey real estate investing opportunity: GREturnkey.com 3)    Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:52  Wealthy people’s money either starts in RE or ends up in RE. 02:03  Listener question about 1031 Exchange vs. Cash-Out Refinance. 13:20  Lazy money. 15:04  Other podcasts. 16:09  Free book. 19:11  More on Dave Ramsey. 20:26  Why money is an abundant resource. 24:36  “Uber Really Is Killing The Parking Business”. 29:18  Residential real estate is here to stay. 30:07  “Return On Life” and passivity. 32:47  Don’t underestimate rental property expenses. Resources Mentioned: Article: Uber Is Killing The Parking Business GRE Video: Operating Expenses GRE Book: 7 Money Myths Podcast: The Real Estate Guys Podcast: Cashflow Ninja Podcast: The Real Estate Way Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ValhallaWealth.com Find Properties: GREturnkey.com Education: GetRichEducation.com Welcome to GRE, Episode 179. I’m your host, Keith Weinhold. From Saratoga, Australia to Saratoga Springs, New York and across 188 nations world wide. This is Get Rich Education and we are cultivating a Real Estate Of Mind here. That is because wealthy people either start out in RE, or wealthy people’s money ends up in real estate. It’s either one or the other. ...and you know, the most important piece of real estate may very well be - that real estate right between your two ears - your mind We come from an abundantly-minded place here at GRE. If you want to learn about combining vinegar and water in a bottle because it’s cheaper than Windex. Well, you’re not going to learn about that here. If you’ve been wearing the same pair of monthly contact lenses for the last two years...then, well, you didn’t learn to do that here either here. In fact, money itself is an abundant resource, not a scarce one. We’re going to talk more about that today. We’re going to talk about passive income and define what exactly that means. We’re also going to talk about how to best increase your velocity of money. Is it by doing a 1031 Tax-Deferred Exchange or a Cash-Out Refinance - with your income property. Let’s go to the listener question about this. Listener Jacob Ayers asks: To move equity, should I do a 1031 Tax-Deferred Exchange or a Cash-Out Refinance? Thank you for that rather eloquently-stated question there, Jacob - and it is a germane time to discuss this. There’s a lot of equity out there that is ripe for harvest because most markets have appreciated a good 7-8 years in a row here. Really, this is a question about moving equity to keep it working for you. What is the best vehicle for increasing your velocity of money? Since the return from property equity is always zero, ideally you want to take a big chunk of it and splinter it off into a bunch of little pieces and that way you can leverage more property. Let’s back up. There are actually three ways for you to move equity should you so choose that it’s right for you. The first way is to... Sell Your Property - That way, you can get all of your equity out. Now, Jacob, you’re a savvy investor so that’s why you probably didn’t even bring that up as one of the ways that you can move equity. Because, of course, the big problem with this is that when you sell an income property. You could sell your current equity-heavy property and buy another. But the problem with selling is that you'd probably have to pay capital gains tax, which would reduce the equity you have available to re-invest. You’re also going to have to pay depreciation recapture. Yep, that is all of the depreciation that you wrote off against your taxes every year that you owned the income property will be recaptured off that first income tax return you file after the building sale. So you might have a nice gain but the tax hit is harsh. That is, of course, unless you move your equity in the second of three ways and you perform a 1031 Tax-Deferred Exchange. If you meet the rules of the 1031 Exchange, you can avoid all of the nasty bite of the capital gains tax and all of the depreciation capture. Yes, it can be 100% avoided. In fact, the Exchange is the best way to move your equity. If you follow the rules and do the exchange properly, you can move 100% of your net equity, tax-free. Sometimes people point out that exchanging is really tax-deferred, not tax-free.  But, c'mon, the exchange itself, if done correctly, is tax-free.  The capital gain is carried to the next property without being taxed.  Therefore, in real estate, capital gains is a voluntary tax.   What I mean by that is the gain is not taxed unless the you, the owner, volunteers … by selling the property outright.   Instead of selling, savvy investors continue to exchange until they die and then your cumulative gains over your entire lifetime - they are forgiven upon your death - and that’s because of the stepped-up basis rules.   Be sure to ask your good tax manager about the details of the stepped-up basis rules. I’m not going to get into that here. But that’s why it’s effectively tax-free But whether you call it tax-deferred or tax-free, exchanging is one of the most powerful things in the entire tax code, but it’s very much misunderstood by many accountants, attorneys and real estate agents. Actually, during my first-ever 1031 Exchange I soon learned that my income property agent had never gone through this before. Now I devoted an entire episode to the 1031 Exchange here for you a few months ago, so I’m not going to get into all the details and rules again here. The most important thing that I can tell you, to pull off a 1031 Exchange, is to enlist a 1031 Exchange Qualified intermediary early on - before you even sell the property that you want to sell. From the time that you sell the equity-heavy property that you want to get rid of, you have 45 days to identify a qualified replacement property, and 180 days to close on that identified replacement property. ...and there are all kinds of rules and limits around how to identify property. But it must be specific. You can’t say that your replacement property is going to be a green duplex in Kansas City. You’ve got to give a specific legal address. The episode that I completely devoted to he 1031 Exchange topic a few months ago where I discuss the rules and the critical mistakes to avoid, and the deadlines and everything else for you, that is Get Rich Education podcast Episode #143. So the first way to access equity in a property is to sell it outright, the second way is through the exchange, and the third way that you mentioned, Jacob, is with the cash out refinance. The problem with the cash-out refinance is that you typically cannot access all of the equity in a property because you are not selling it like you are with the other two methods. So if you’ve got 50% equity in a property that you want to get rid of, you can get all 50% out with the straight sale or the exchange. But you might only be able to access 30% of the property value with a cash-out refinance because you might only be able to get an 80% loan-to-value loan. A bank is going to make you keep 20% equity in there as your skin in the game. The advantage of the cash-out refinance is that you shouldn’t have to pay tax on the equity that you extract because the IRS classifies this as debt. There’s no tax on debt that you’ve originated. One advantage of the cash-out refi over the 1031 is that the cash-out refi is faster & less stressful. You can move at your own pace. With a 1031, you’re selling at least one property and buying at least one property, so now you have all these steps - inspection, appraisal, you’ll incur make-ready expenses, and you’ll often be paying an agent commission too. With a cash-out refi., you typically just have an appraisal - no inspection, no make-ready, and no agent commission. But a 1031 is typically the best vehicle for moving equity from a “dollars” perspective. A 1031 is also a better move if you want to sell a “dog” of a property that you can’t seem to keep rented to decent tenants or something, but yet you’ve built equity in the property. If you own a property that’s been good to you but it’s become too equity heavy, you might be tempted to do a cash-out refi instead of a 1031, but yet if you can replace your nice cash-flowing property with one that cash flows even better, look at the 1031. When it comes to the cash-out refi, if you think that’s a better choice, remember - and this is especially true if you’re looking to do a cash-out refi of your own home - your primary residence, you can often take out a second mortgage and keep the first mortgage in-place, untouched. That might be a good option if you still like your first mortgage’s low interest rate or it’s advanced amortization schedule. A cash-out refi doesn’t mean that you have to restructure every part of the debt on one property. You can keep a first mortgage in-place and see if you qualify for a second. Just a word of caution on the second mortgage cash-out refi - if your second is a HELOC - home equity line of credit, those HELOC interest rates are not fixed. They float in lockstep with the Federal Funds rate which is expected to increase. To be safe, you want the CCR from your new purchase to equal or exceed that of the mortgage interest rate on the property that you just took cash out of. Although I like the 1031 more than the cash-out refi overall, I can think of a couple other disadvantages of the 1031. With the 1031 Tax-Deferred Exchange, you might experience a degree of stress, much of it having to do with the timing of meeting those 45 and 180 day milestones that I mentioned earlier. You don’t really want to be on a 3-week vacation to Peru and Ecuador during a 1031. On the properties that you identified as replacements for moving your equity into them tax-free, something might get slowed down in your ability to buy them that’s out of control, or if you’re looking to 1031 your equity into new construction property and the new construction is going too slowly, that can create some stress. With the cash-out refi., you’re on your own deadlines, not the 1031 deadlines that the IRS sets for you. You know another thing - another small disadvantage with the 1031 Exchange that people never think about - and everyone overlooks this. I didn’t really see it coming until I had the ball rolling with my first-ever 1031. It’s that during that time - those three months or so after you’ve sold your relinquished property and before you’ve closed on your replacement property, you’ve lost cash flow… ...because there’s that gap there - that delayed exchange gap where you don’t own some property for a period of a few months. I’ve done a 1031 with a substantial chunk of my portfolio, and I had about three months where a major piece of my cash flow was cut off until I closed on the replacements.   1031s & cash-out refis have definitely been good for me. I’ve made some mistakes in real estate investing for sure, but having an early awareness of the fact that dead equity isn’t serving me and then actually doing something about it really helped me get me to where I am today. If you’ve got a lot of equity in a property or a property paid off, you’ve got to realize that your money just got lazy. Not only is it not working for you, you’re paying the opportunity cost of not using it to also leverage other people’s money work for you. Don’t let your money get lazy. So when I’ve built up around 35% equity in an income property, that’s when I’m looking forward to moving it. It’s that 35% mark. With a primary residence, it would be less than 35% because I can pull more out - I can pull out equity up to a higher loan-to-value ratio. Just think about property that you have 50% equity in. Your leverage ratio is been slashed to 2:1. If you reposition it with 20% down payments on multiple properties, now your leverage ratio is 5:1. That is just huge, and it’s great as long as you’ve safeguarded controlling your cash flow… ...and we love cash flow - but what has created more wealth for real estate investors is really leveraged appreciation so consider keeping your leverage ratio up there by maintaining small equity positions in a bunch of properties. You know what else? The more that you learn about the economy, pulling $ out of property and transferring it into another property actually expands credit, that very act expands the money supply, and it stokes inflation… ...and as you know from listening to this show, inflation is actually our friend. Great question from Jacob - asking about the pros and cons of a 1031 Exchange vs. a cash-out refinance. By the way, that “Jacob” was “Jacob Ayers” - he is the host of “The Real Estate Way To Wealth And Freedom” podcast. That’s another show that you can listen to. You know what’s funny - some podcasters don’t want to talk about other podcasts similar to theirs or they’re afraid that they’re going to lose listeners to that other show that they talk about. Well, I just don’t feel that way - and well, maybe that’s part of my abundance mentality. Of course, I value my listeners and anyone wants more listeners just like an artist would want more people to see what they’ve spend weeks working on - on canvas. You can check out The Real Estate Guys Radio Show with Robert Helms and Russell Gray. That’s a really good one. Sheesh, I’ve even got a commercial on my show that tells you about someone else’s podcast - the Cashflow Ninja hosted by my friend M.C. Laubscher. That’s another good show that you can check out. He’s had some great guests on that show like Ron Paul, Robert Kiyosaki, and Jim Rogers. Once again, Jacob Ayers’ show is called “The Real Estate Way To Wealth And Freedom”. Uber and autonomous cars are killing the parking lot and that’s going to change real estate. I’m going to discuss that in a bit. I’ve also got some Dave Ramsey fallout from our episode from two weeks ago. You know, if you want to learn more about the misconceptions around debt and equity - which have been woven into this discussion so far - and how to use debt and equity to your advantage - and in the way that affluent people use them… ...and why getting your money to work for you won’t create wealth and how to get other people’s ethically working for you to create wealth for yourself and a lot more... I wrote a book less than 9 months ago about how you can do that. You can get the e-version of my book completely free. Not just a free chapter or something but the complete e-book free... ...Robert Syslo is going to tell you how easy it is to do that now. Go. ________________ Welcome back to Get Rich Education. I’m your host, Keith Weinhold. We got more great feedback on our episode from two weeks ago when we were talking about the largely - really - antiquated Dave Ramsey ‘debt-free’ School Of Thought. We’re talking about a School Of Thought that has - in the past - suggested that people eat things like cheap processed Ramen noodles - and beans and rice - so that they’ll have more money in their pocket so that they can pay off a car loan or a mortgage loan. When you pay down debt that’s lower than the rate of inflation, you’ve actually diminished your prosperity now. So now you’ve diminished your prosperity and you’ve eaten Granola bars and Cup O’ Noodles so now you’ve sacrificed your health - just to diminish your prosperity - plus...you took your time to learn about how to live like that!? That is just so absurd, scarcity-minded, and that is not serving people. Ugggh. I’m not going to go on, I don’t want to dip into hyperbole, but hearing about that stuff is just really dispiriting. If I’m going to use my time to learn about something, I want to learn about how to produce, not reduce. I think part of that is realizing that money is actually an abundant resource. Yes, money is an abundant resource. How much currency does the Treasury Department print every day? During Fiscal Year 2014, the Bureau of Engraving and Printing delivered approximately 6.6 billion notes to the Federal Reserve. They produced approximately 24.8 million notes every day with a face value of approximately $560 million. Those numbers are so large, some people can’t even fathom it. Those stats right there can actually be picked apart all day. Most dollars aren’t even printed, of course, they’re digital and they’re created out of thin air when dollars are borrowed into creation - but it just gives you some idea of how abundant money is. Look, my monthly internet bill is $145 and my Cable TV bill is $126 - yes, I have cable because it’s just a nice option and money is an abundant resource. I just learned this because I just saw the bills come in. You know, I’m just really barely aware of my consumer bills. I’m into expanding my upside instead. I don’t even know how much my monthly phone bill is. Maybe $100. So for internet, cable and phone combined, that’s...what three hundred seventy-some dollars a month? Is that a lot? It just doesn’t matter that much. I’m focused on what matters. Expanding the upside. Money is an abundant resource. How much do you like to spend on a hotel? To me, it seems like $300 a night is a common number to spend at a good hotel. What about a $79 hotel? I wouldn’t even want to stay there. I might not even want to stay there for free. But you know what, everyone has learned how to tap into abundance at a different level. Everyone’s got their price. OK, what about a $2,500 hotel. What if I were staying there? I might think that that price is pretty steep. I’ve got to admit, I would be asking myself a question like “Now why am I staying at a $2,500 hotel? Is this my honeymoon or something?” Maybe I would soon move to another hotel. Well, didn’t I just say that money was an abundant resource, so what’s my problem? Maybe the Amazon Founder, Jeff Bezos - he wouldn’t want to stay in a $300 hotel like I’m more used to and I just think of as standard. He might live in the $2,500 hotel year-round if he had to because it doesn’t matter to him. See Jeff Bezos and Amazon.com have figured out how to provide more value to more people than you have - and than I have. Money is an abundant resource. But just because something is abundant, doesn’t mean that it has no value. Look, the air that you breathe is pretty abundant all around us but it’s also really valuable. We would die without air just like we would financially die without money. But yet they’re both abundant. Right now I’m not too far - and maybe you’re not too far - from a parking lot with hundreds of cars in it. So cars look pretty abundant but each one still has value and utility just like dollars. So the point is that a scarcity mindset and an abundant mindset are relative in a sense. But really, if you’re looking to produce before you reduce, it’s an abundant mind. Money is an abundant resource, and the amount of the world’s abundant supply of money that will be allocated to you on this earth is directly proportional to how much value you create for others… ...how much sound housing you can create for others. Money is an abundant resource. Well, way back in Episode 13 of Get Rich Education, more than three years ago, I did an episode called “Autonomous Cars Will Soon Disrupt Your Life and Investments”...and I talked about how this will have implications for real estate investing. Well, we’re already seeing the world go that direction. In fact, ride-sharing services are accelerating this effect. Fortune magazine just reported this in the last couple weeks here, in an article titled “Uber Really Is Killing The Parking Business”. In the article, it outlined how Ride-hailing services like Uber and Lyft are having a negative impact on the demand for parking. The picture, at least for those trying to rent you a parking spot, is bleak. In the email, unearthed from a company report by the San Diego Union-Tribune, Ace Parking CEO John Baumgardner says that demand for parking at hotels in San Diego has dropped by 5 to 10%, while restaurant valet demand is down 25%. The biggest drop, unsurprisingly, has been at nightclubs, where demand for valet parking has dropped a whopping 50%. The numbers appear to be estimates, and Baumgardner doesn’t describe a timeframe for the declines. The assessment, written last September (6 months ago now), is also limited to San Diego, though an Ace Parking executive told the Union-Tribune that it has seen “similar” declines at its 750 parking operations around the United States. The company is focused on using technology, including better parking scheduling and booking options, to try to remain healthy. But much more is at stake than the revenues of the parking business – cities stand to benefit immensely as demand for parking drops. Parking spaces and lots generate relatively little tax revenue or economic activity relative to commercial operations, and increasing sprawl may actually harm the economy of cities like Los Angeles. Even back in 2015, cities were already relaxing zoning requirements that set minimum parking allotments, and there are now even more signs that city planners are thinking differently about parking. [Now get this] - Perhaps most dramatically, a new Major League Soccer stadium being planned for David Beckham’s Miami expansion team may include no new parking at all – but will have designated pickup zones for Uber and Lyft. The decline of parking will only be accelerated if and when autonomous vehicles become widespread. That sea-change which will make it easier to locate parking at a distance from urban destinations, and could further reduce car ownership. That will be bad news for the Ace Parkings of the world – but everyone else should welcome the decline of the urban parking lot. ...and that’s “it” for the article. I told you back in Episode 13 that this will spell a dramatic shift in the character and makeup of inner-cities and suburbs alike. Right now, many U.S. cities have central agglomerations where the surface area is 40 to 60% parking spaces. When you hire a ride-share car, you didn’t need to drive your own car to work and you didn’t have to park your car. Soon autonomous cars are expected to be all over the road and they’ll just always stay in motion. You know what else this means for homes in the suburbs - homes with garages could become less desirable over time. Now, they’ll probably just repurpose the garages, but… In any case, so many trends are changing the way humans interact with real estate and the economy… The internet diminished the need for office space as that almost completely wiped out the need for things like travel agencies. The internet reduced the number of all kinds of other business like the number of bank branches. Of course, Amazon keeps killing off traditional retail consumer good purchases. Ride-share services and autonomous cars are diminishing the parking business - this one is now happening in front of our eyes - it is happening now - there’s no more “someday” on that one. ...And despite all these trends, the residential real estate space is hardly impacted. That’s why we focus on the residential space here - not only is it easier to understand because you interact with residential space every day of your life, but residential is here to stay. Well, because we’re around residential real estate every day it’s kind of paradoxical that it’s so misunderstood by so many people. When you tell a lot of people that you’re a real estate investor, oftentimes they think that you’re a house flipper, and then if they hear that you’ve got rental property, the next thing that they think about is that you must be the landlord. If you’re either of those things - especially the landlord - you’re not getting a very good ROL - Return On Life. So let’s talk about passivity. You have the ability to make real estate investing passive - and at the beginning of this show - it says that you’ve created more passive income from this show than nearly any other show in the world. Well, even if you’re “hands-off” and you’re not the landlord, it still doesn’t feel so passive if you’ve got a week where your rental property’s roof blew off and you’re looking at contractor quotes that your manager has pulled together for you and managing an insurance claim that you had to put in. Aren’t you working for your passive income a little bit then? ...and I would say that, yes, you are at that time. Your property might operate 24 hours a day, 7 days a week for many weeks in a row or even months in a row without your involvement at all. It probably operates for you passively 98 or 99% of the time or more...passively. That’s why it’s called passive income. For you, it’s hands off. You’re not fixing leaky faucets and you’re not collecting rent checks. When the problem that you have 1% of the time blows over, you’re right back to passive again. Alright, compare that to your work-a-day job. What happens when you have a problem at work? You handle it, and what happens when that problem is handled and goes away - you go right back to active income. At work whether you have a problem or whether things are going fine, it takes your involvement. ...and that’s really my point here for you. It’s NEVER passive - unless you’ve got some vacation time. Then maybe you can say your active job is just 5 or 10% passive. In real estate investing with the way we do it, passivity is the norm, not the exception. So, just keep that in mind if - not if - but when - you have to be resilient during some bumps in your “almost-always” passive real estate investment portfolio. You know, there is so much that I want to talk to you about every week that I just can barely fit it in. That’s why I do these monologue shows with no guest once in a while. I haven’t even told you about my recent RE field trips to Florida or Belize yet, though I’m really looking forward to telling you more about those here. You are really out there taking action so before you go, let me just help you with one other thing while you’re out there looking at properties. Don’t underestimate the expenses that you project that your property will have. Of course, your mortgage and all of your other expenses are 100% outsourced to your tenant in a cash-flowing property! It’s easy for you to remember that you have a mortgage payment (principal plus interest) because that’s your largest expense. You know that I’ve mentioned that an easy way to remember your other recurring expenses - which are really all of the operating expenses - because mortgage principal and interest are not an operating expenses… ...is with the acronym “VIMTUM” - and I mentioned VIMTUM last week when Clayton Morris interviewed me, but let’s hit each one of these: Vacancy – This depends on your property type, the local job market, and more. 8% of the gross rent amount is often a good number, equating to about one month per year of vacancy. If you’re in a strong job market, 4-5% might work. You’re guessing here. Insurance – Your lienholder requires you to have property insurance. Having a policy reduces your risk too. You can get quoted an exact number here. Maintenance – Now here is where a lot people underestimate this number, which can be 3% to 15%+ of the gross rent amount. This is where you must make your best guess based on the property age, history and other factors. Taxes – You have a property tax obligation, often 1 to 3% of the property value annually, depending on the area. This is an exact number that’s easy to find in county or municipal records. Utilities – In a single-family income property, your tenant typically pays utilities. The more units in a property, the more likely you’ll be paying the heat, electric, refuse, water, etc. Utility companies have historical records so you can make a close expense determination. Management – If you don’t have a Property Manager then your income isn’t passive. If you self-manage, then you must factor in your time expense. Management fees are typically 3% to 10% of the gross monthly rent amount. The more units in a building, the lower the management expense. People like easy ways to remember things. That’s why I like VIMTUM. I also made a video for you about these income property expenses where I’m talking directly to you. I’ll put that video link in the Show Notes for you. So when you connect with an income property provider at GREturnkey.com - if they haven’t - then run your own numbers on an income property using that VIMTUM acronym. Those providers are at GREturnkey.com - download a market report and get their contact information, and see what they have for inventory. It sure is thin in most markets these days. I appreciate the time that you spent with me today, but you weren’t here for me you were here for you. Until next week, I’m your host Keith Weinhold. Don’t quit your day dream! ____________________________  

#166: Changes to the 1031 Tax-Deferred Exchange, 27.5 year tax depreciation, the Estate Tax and more are coming. It will affect you as an investor. Rich Dad Advisor Tom Wheelwright is back with us. He details the winners and losers expected from the most sweeping tax reform that the U.S. is set to experience since 1986. First, Keith discusses 6.2% national real estate appreciation, and different ways to think about real estate diversification. Individual tax benefits are going away. Business tax benefits are increasing. Want more wealth? 1)    Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2)    Actionable turnkey real estate investing opportunity: GREturnkey.com 3)    Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:08  Housing prices are up 6.2% year-over-year per Case-Shiller. 03:00  Diversification. 05:18  New construction turnkeys through GREturnkey.com. 09:13  Tom Wheelwright interview begins. 15:12  Depreciation durations are changing to 25 years for both residential and commercial. 15:50  1031 Tax-Deferred Exchange changes to the personal property portion. 18:37  Later, there will be individual tax rate changes. 22:35  More on 1031 Tax-Deferred Exchanges. 23:32  Estate Tax. 27:42  These are the greatest tax changes since 1986. 28:23  Limitation on offsetting your taxable gains with losses. 30:39  I review the basics of tax depreciation on income property. Resources Mentioned: Tax Free Wealth Advisor | 866-467-5809 Case-Shiller Housing Price Index latest RidgeLendingGroup.com Valhalla Wealth GREturnkey.com GetRichEducation.com

#143: You’re entitled to a great gift from the IRS - lifetime tax-deferral so that you never have to pay capital gains tax on the sale of your investment real estate. With a 1031 Tax-Deferred Exchange, you can infinitely defer your: federal capital gains tax, state capital gains tax, and depreciation recapture. From the sale of your property, you have 45 days to identify, and 180 days to close upon your replacement property. Details in-episode. 1031s are only for investment property. They’re amazing wealth-building tools, but you must follow strict rules. Graham Parham of Highlands Residential Mortgage joins Keith later in the show to discuss lending obstacles with 1031 Exchanges. Grab Get Rich Education’s new book at GetRichEducation.com/Book Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12  Normally, upon the sale of income property, one must pay federal capital gains tax, state capital gains tax, and depreciation recapture. 03:29  1031 Exchanges vs. cash-out refinances. Reasons for doing a 1031. 06:35  Three identification methods: 3 Properties Rule, 200% Rule, 95% Rule. 09:40  Like-Kind Exchanges are flexible between income property types. 12:18  A technique to use a 1031 and still get your hands on the cash. 14:12  Primary residences have capital gains tax exemptions outside of 1031s. 18:29  Lending obstacles with 1031s. 22:38  1031 Example - sell 2 in Dallas, exchange for 4 in Birmingham. 25:32  Greater leverage. 31:06  Combining multiple properties into one exchange. 34:11  Simultaneous closings. Advantage of 1031s with turnkey property. 35:40  You can do an unlimited amount of exchanges in your lifetime. 37:22  1031s are amazing wealth-building tools, but you must carefully follow rules. Resources Mentioned: Graham Parham phone: (855) 326-6802 NoradaRealEstate.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com  

Craig Brown is an attorney and expert on educating clients on the benefits and risks of a TAX DEFERRED EXCHANGE. He has closed thousands of transactions and will give you specific advice for your 1031 exchange. Important Considerations for an Exchange: A) Exchanges must be completed within strict time limits. The Exchanger has 45 days from the date the relinquished property sale closes to identify potential replacement properties. The purchase of replacement property must be completed within 180 days after closing of the sale of the relinquished property. B) Identification of potential replacement properties must be specific and unambiguous, in writing, signed by the Exchanger, and delivered to a Qualified Intermediary. The list of identified potential replacement properties cannot be changed after the 45th day; the Exchanger must acquire from the list of identified properties or the exchange will fail. C) To avoid payment of capital gain taxes, the Exchanger should follow three general rules; 1) purchase a replacement property with a value equal to or greater than the value of the relinquished property, 2) reinvest all of the exchange equity into the replacement property, and 3) obtain the same of greater debt on the replacement property as on the relinquished property. The bottom line: You need to know a 1031-Tax Deferred Exchange specialist. To contact Craig Brown: Craig.Brown@ipx1031.com To contact James Eng: JEng@oldcapitallending.com To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

If you’re an investor looking to sell a property you didn’t live in and avoid paying the capital gains tax on the sale, you need to think about using a tax deferred exchange. That means, basically, rolling the profit you’d make from that sale directly into your next purchase.In our market, it’s the perfect time to sell. Is it the perfect time to buy for an investment property, though?Let’s say you sell a 1,500 square foot house and buy a 2,500 square foot house. Then, let’s say you sold that slightly bigger house and bought a duplex. With those three purchases, you’re getting a bigger investment and putting your equity to work for you by having your tenants pay rent, and still not paying any capital gains tax. You’re delaying paying any meaningful taxes until further down the road when you’re not in your strongest income years. “If you’re an investor, you need to think about using a tax deferred exchange. ” The question, then, isn’t whether investing in real estate is a good idea, but how to do it in a savvy manner. I have no problem paying taxes; I just don’t plan to be paying more than I need to.If any of this interests you, reach out to me by giving me a call or sending me an email. I’m excited to hear from you!

#20: Vocabulary is integral to advancing your investor life. It attracts the right people so that you can form the right relationships. Learn how these terms are defined in a clear way, used in an example, and how you might use them in a sentence. Listen to this week’s show and learn: 02:28  Keith discusses New York City. 06:55  How you pull yourself up from middle class. 09:28  Being the best version of yourself. Vocabulary Terms: 10:44  Accredited Investor. 13:08  Appraisal. 15:30  Assessment. 16:35  Capex (Capital Expenditure). 17:33  Capital Gain, Capital Gains Tax. 20:08  1031 (Tax-Deferred) Exchange. 23:12  Debt Service. 23:48  Mortgage. 25:06  Rate Hike. 29:12  Rent Control. 30:07  ROTI.   Resources mentioned:  Investopedia.com Investor.gov Janet Yellen MidSouthHomeBuyers.com Rent Control laws by state Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! @GetRichEd