6 days ago
From Rentals to Nest Eggs: Real Estate Insights with Tracey Wilson
In this episode of 'At the Kitchen Table,' Amanda DiVito Parle welcomes Tracey Wilson from IPX 1031 Exchange Services. The discussion begins with an introduction to the basics of 1031 exchanges, a tax-deferral strategy for real estate investors.
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RENTALS & REVERSE EXCHANGES: Tracey explains how these exchanges allow property owners to sell investment properties and defer capital gains taxes by reinvesting in new properties. The conversation touches on the intricacies of various scenarios, such as selling a rental condo and buying a commercial building, as well as more complex cases like reverse exchanges.
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SWAP TILL YOU DROP: Tracey also offers insights from his extensive background in investment banking and as a CPA, emphasizing the human impact and financial benefits of his work. They discuss the stringent IRS guidelines, potential pitfalls, and strategies to maximize benefits, including Delaware Statutory Trusts (DSTs) and the concept of 'swap till you drop' for tax-free exit strategies. Tracey shares real-life examples, legislative threats to 1031 exchanges, and tips for navigating the process successfully.
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The episode provides a comprehensive look at the value of 1031 exchanges for investors at all levels, the importance of early planning, and how to work effectively with qualified intermediaries like IPX 1031.
LINKS FROM THE SHOW:
Call the office at - 303-456-2111
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