1031 Exchange - Tips and Strategies to Save You Thousands

[@dasfahrer8187]

Awesome info as always. I have a couple of follow-up questions so hopefully someone on your team is still reading the comments on this video. 1) What happens if you're doing a delayed 1031 and you don't end out spending all of the money being held by the QI within the 180 day window? 2) What happens if you're currently in that 45 or 135 day window from a sale and you sell another property that you want to do a delayed 1031 on as well. Does it reset those windows or is each sale its own 1031 event? 3) Does getting the sequence of events out of order hose the delayed 1031? For example, you happen to have a buy and a sell working at the same time and you complete the buying process of the new property before you finish selling the current property. 4) What happens if you're doing a delayed 1031 and the property you sell winds up in the current tax year and the one you buy ends out in the next tax year?

[@royalflush8173]

That was good stuff. I vave 2 rentals 1 rental I put in 40k of repairs, the other rental I put in 10k of repairs. Total 50 k of repairs. I paid 40 k for property 1. 112k fir property 2 . If I sell both for 600k total . That's 448k profit. Can I minus the 50 k in repairs for total a gain of 398k?

[@joehfwefhweofhwepe]

I really enjoy your information. I Think you should consider buying production software as your slides are very hard to see. Software would allow you to make the slide full screen while keeping you in a square similar to zoom. Thanks!

[@MarkJKohler]

Thanks for the tip!

[@joehfwefhweofhwepe]

Also, Roulette pays 35:1 if you put it on the number clean ;)

[@anacordero5108]

Great video ! I have two question. 1 - Who is the third party who hold the money for your selling property and receive the money for your buying property? 2- This also apply for foreign investor that has a ITIN or a LLC or C-corp? Thank you !

[@lampkin9287]

Yes Haw! HSA is just steering ahead!

[@joereynolds1314]

I recently sold a rental property and the money is with an intermediary. My 45 days ends in 7 days! I haven't been able to find a property that I'd like to buy yet. I'm considering just throwing in the towel and paying the tax. The gain is about $330k and I estimate my tax bill will be over $60k including losing child tax credits and other phase outs.. Any idea's to reduce this last minute? Sale price was $400k. Was looking for a $1 -$1.5 million property with some good cash flow and financing the difference. Not much luck so far.. I've been warned by others and you just confirmed, Don't get rushed...

[@royalflush8173]

Do I have to use all the cash from the gain to buy like property or can I put money down and get mortgage and put rest in my pocket

[@joycem8490]

save your time Start5:15

[@chanpark7634]

When turning your primary residence to a rental, do you have to switch your primary home mortgage to an investment property? Or 1031 exchange still holds when you lived in a home 2 out of the last 5 years?

[@markjkohier6393]

®️ Thank you ⊹ ① ⑧ ① ⓪ ⑥ ⑥ ⑥ ⑧ ② ③ ②

[@markjkohier6393]

=what'sapp_"""

[@artwebb5818]

Would love to see a show on how to use a 1031 exchange with a DST. Buy one replacement property for perhaps 2/3 of the gain and invest the other 1/3 into a DST. Thanks !

[@markjkohier6393]

®️ Thank you ⊹ ① ⑧ ① ⓪ ⑥ ⑥ ⑥ ⑧ ② ③ ②

[@markjkohier6393]

=what'sapp_"""

[@e.h.683]

Can you 1031 profit from a sale into an existing mortgage?

[@kevinandrade6928]

Mark reminds me of Tony Stark for some reason

[@ngaucha1]

Great video! Fun to watch it too! Love it!

[@quynhvo8998]

so I put the fund into the QI , and ended up not doing a 1031. Does the intermediary give my fund back after 45 days?

[@markjkohier6393]

®️ Thank you ⊹ ① ⑧ ① ⓪ ⑥ ⑥ ⑥ ⑧ ② ③ ②

[@markjkohier6393]

=what'sapp_"""

[@mikegeloso6749]

Red to close on new home before I can move on new tear down

[@royalflush8173]

You gonna talk about cows and bulls or tell me how I can save money?

[@PittToNYC]

If I didn’t like these guys enough already, Mark references a “pop” can. Love it.

[@luizjarcia9730]

Let's go I love it

[@kelleylinn143]

Can the replacement property be outside of the country? For instance can I purchase a house in Costa Rica with a 1031 exchange?

[@medardzamble4855]

Different tax laws..You can’t

[@mikegeloso6749]

Looking for another property but need time for new construction to meet equal price

[@shannonzittlow8462]

Can I sell a property and 1031 exchange the proceeds into a Vanguard REIT fund ? Thanks

[@bmichaelhughes]

Unfortunately, the REIT will not qualify as like kind replacement property.

[@shannonzittlow8462]

@@bmichaelhughes Thank you for your information have a good weekend

[@Erik-ie3xz]

Great content...Can you guys switch screens and show the slides in the Main screen when presenting. Can't read squat!! Thanks

[@lampkin9287]

Can you sell a property that’s a greater value than the property that you are purchasing, put the money in a q$I hold the money for 12 months, use some of the money to purchase property of lesser value and with the rest of the money, qualify for long term capital gains tax break?

[@markjkohier6393]

®️ Thank you ⊹ ① ⑧ ① ⓪ ⑥ ⑥ ⑥ ⑧ ② ③ ②

[@markjkohier6393]

=what'sapp_"""

[@Marysiewert]

:)

[@Je.rone_]

1031 exchange is a fascinating topic

[@davecalico3273]

Cruel and Unusual Punishment Hope Mark has a Goid Trust To Protect His Ass-ets

[@FirstStressFree]

1031 into DST? What is your opinion about it? Thank you very much for this video, very informative :)

[@therock1232100]

1031 exchange is still here with this administration?

[@bmichaelhughes]

Yes, however they are discussing yearly caps on tax deferral.

[@PCModelBuilder]

More importantly your COUNTRY is still here thanks to this administration.

[@lcr2382]

@@PCModelBuilder oh geeez thr Biden Admin is destroying our country LOOK AT BLUE CITIES, gas, taxes

[@benfredrick7128]

Great video,what growth stocks or crypto can I buy amid sell-off? i'm a newbie looking to secure passive income with digital assets (crypto) I've over 60k to begin with

[@ashleymiller1142]

I've learned the simple trick is by diversification, I'd suggest you get a licensed professional for guidance, especially with this market trend

[@jameswalson2530]

Sounds like a brilliant idea, have you used any professional broker before? What's the experience like

[@ashleymiller1142]

I've been taking directive from a stock broker *Thelma Lee Gaddis* since the early days of the covid 19 pandemic after being laid off, using her guidance has attracted a six figure income in one year but ,money is the only tip of the iceberg here, she's reputable

[@pinnedgrantcardone1105]

Seems like a ton of profit,mind sharing info on this professional?all new to me, thanks.

[@ashleymiller1142]

Her details are online,just Google her name *Thelma Lee Gaddis*