Tommy Dobczyk explains how a 1031 exchange lets you sell an investment property and roll the proceeds into a larger one without paying taxes on the gains. You defer the tax bill and grow your capital faster.
Here's the long and short of it, the advantages, like, why would an investor care about this? So I'll do a little bit of education, because I did this morning for my investor. Again, accredited investors, sophisticated and all that. But they didn't, you know, know about 1031 Exchange. They've heard about it, but haven't dove into it. So here's what it is. 10:31 Exchange is where you buy, let's just say, an investment property, and then years later, you turn around and sell it. You have your initial investment that was in it, plus the profit that you have. So the government created the 1031 program. And what you can do with that is take that entire amount of money and now roll it into a bigger project.
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