All About The 1031 Exchange (What They Are and What You Need to Know)
Today, we’re going to discuss How To Do A 1031 Exchange - what it is, why you should utilize this strategy, and what you should keep in mind.
Real estate markets are evolving constantly, so it’s important to review your portfolio frequently as new opportunities become available and as your financial objectives shift. If you are a real estate investor and thinking about either buying or selling property, it is important to be familiar with the 1031 tax-deferred exchange, which allows you as the property owner to sell one of your properties and acquire a different property while pushing off or “deferring” capital gains taxes.
Capital Gains taxes can reach up to 20% for those in the highest income bracket, so this tax-deferment tool can be an effective investment strategy as you buy and sell properties. So, here's what every real estate investor needs to know about 1031 exchanges.
About Your Host:
Tyler Cauble, Founder & President of The Cauble Group, is a commercial real estate broker and investor based in East Nashville. He’s the best selling author of Open for Business: The Insider’s Guide to Leasing Commercial Real Estate and has focused his career on serving commercial real estate investors as a board member for the Real Estate Investors of Nashville.
In an upcoming discussion with Jacob Kromhout, my project manager from Bentwood Construction, we'll share the latest construction updates at Salt Ranch, my boutique hotel in East Nashville.