The Real Estate Investor’s No-Nonsense Guide to the 1031 Exchange
Wherever real estate investment and taxes are concerned, people tend to get a little nervous. After all, taxes and all the legal trappings that come with exchanges, exemptions, exceptions, write-offs, benefits, and penalties get tricky if you’re unfamiliar with it all. And if we’re honest, it’s not in most of our proverbial wheelhouses.
One of the procedures that real estate investors should familiarize themselves with, however, is the 1031 exchange.
We’re here to break down the 1031 exchange in layman’s terms so that new investors, passive investors, and the tax-unsavvy can understand this exchange and how it can benefit your real estate investing career!