Show notes
We have been hearing about 1031 exchanges in the past 100+ episodes of our podcast, scratching the surface just enough to be familiar with it. However, what exactly is a 1031 exchange? In this episode, Michael Brady of Madison 1031 guides us in a crash course about 1031 exchange and how it has been used historically. Our discussion will also include the ways of creatively using it in our real estate investing, particularly with regard to multifamily properties. Let’s listen to Michael and learn more about 1031 exchanges in 2021![00:01 - 05:24] Opening SegmentLet’s get to know Michael BradyConnect with MichaelLinks below[05:25 - 15:35] Deferred Exchange vs. 1031 ExchangeDeferred Exchange vs. 1031 ExchangeWhat’s the difference? Learn more about qualified intermediaries from Michael[15:36 - 27:13] What You Should Know About 1031 Exchanges Planning to do 1031 exchanges all your life?Here’s Michael’s advice for youMichael tells us why you should talk with your accountants Don’t miss these insights from Michael about the 200% Rule [27:14 - 39:12] Real Estate Syndication The issue about syndication that you should know Here are some creative ways to use 1031 exchanges Michael breaks down the “drop and swap”[39:13 - 49:36] Closing SegmentWhy you should need someone like MichaelFinal words from Michael and meTweetable Quotes: “You can continue to do 1031 exchanges during the course of your lifetime.” - Michael Brady“When we talk about a 1031 exchange, we’re always looking [at] who the taxpayer is.” - Michael Brady------------------------------------------------------------------------------------------Connect with Michael on LinkedIn, check out Madison 1031, and get a perfect 10 service in all kinds of exchanges! Guest email: [email protected] Connect with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> [email protected] the Show.