06:50] Opening SegmentLet’s get to know Michael BradyHe talks about his journey to real estate investingHe’s been involved in over a billion dollars in transactions[06:51 - 18:00] The Reality About 1031 ExchangesThe problem in real estate that Michael wants to solveMichael explains 1031 Exchanges for investorsHe gives us a sneak peek into his daily career as a 1031 exchange expert[18:01 - 26:06] Beating Tax Laws in 2021How to beat tax laws according to MichaelWhat you can and cannot do in a 1031 exchangeWhat does he mean by  making exchanges “old and cold?”[26:07 - 36:31] How to Get Out of a 1031 ExchangeIs a short-term “drop and swap” advisable?Michael weighs inThe common way 1031 exchanges are doneConnect with MichaelLinks below[36:32 - 42:24] Closing SegmentThe 2 requirements of 1031 exchangesFinal words from Michael and me  Tweetable Quotes: “The problem is if you own commercial real estate...when you sell it, the profit is taxed.” - Michael Brady“There are two requirements for 1031 exchanges. The first is that you have to identify your replacement property within 45 days of the closing of your sale.” - Michael BradyResources mentioned:Book: Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork------------------------------------------------------------------------------------------Connect with Michael on LinkedIn or check out Madison 1031 to get a perfect 10 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.