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All Forum Posts by: Mike Auerbach

Mike Auerbach has started 14 posts and replied 22 times.

1031 Exchanges

Post: What is the real point of doing a 1031 exchange anyway? - Simplest explanation

Mike AuerbachPosted
  • Posts 25
  • Votes 28

And THE most important thing is that you have to work with a Qualified Intermediary BEFORE you close on the property that you are selling.

2 Votes
1031 Exchanges

Post: What is the real point of doing a 1031 exchange anyway? - Simplest explanation

Mike AuerbachPosted
  • Posts 25
  • Votes 28

What is the point of doing a 1031 exchange? Here is the how I would explain it to a kindergartner:

The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.

With more money they can buy larger, multiple, or more productive properties.

What is the alternative? Paying 30-40% in taxes when they sell

#1031exchange #equity #capitalgains #taxes #deals #like-kindexchange

2 Votes