1031 Exchange for Real Estate Investors (HUGE TAX SAVINGS!)

Anderson Business Advisors Podcast

Today Clint Coons, Esq., speaks with Aaron Kancevicius, the Lead 1031 Advisor/Director of Lending at Plenti Financial. Aaron takes us through the ins and outs of navigating the IRS’ 1031 exchange guidelines for investment properties. Aaron and Clint discuss the essentials of setting up a 1031 exchange, the importance of consulting with a CPA, and the necessity of a qualified intermediary. Aaron clarifies the complexities of depreciation, depreciation recapture, and the "like-kind" property rule. He outlines the critical timelines, including the 45-day identification and 180-day closing periods, offering tips for effective portfolio diversification. Additionally, you’ll hear advanced strategies like standard and reverse exchanges and transitioning properties to personal residences, making this episode invaluable for serious real estate investors.
Aaron Kancevicius is from Plenti Financial, a leading 1031 exchange consulting firm in Southern California with over 20 years of experience in real estate finance. Aaron has helped countless real estate investors evaluate deals from as little as $100K to over $100 million.

Highlights/Topics:

• Clint’s introduction of guest Aaron Kancevicius
• How you can arrange for a 1031 exchange
• When in the process do you need to apply for a 1031?
• Debt, loans, timing
• Parameters for avoiding capital gains taxes
• Are there complications with cost segs on properties?
• Complexities of the “Like/Kind” IRS regulation
• Diversifying with a 1031, limitations
• Working with contractors on improvements
• Related party transactions
• Cash-out refi’s
• Considering exchanges from US to International
• Drop-n-Swaps, reverse exchanges, selling multiple properties, combo exchanges
• Can you use a 1031 to purchase a primary residence vs. an investment properties?
• Other uncommon situations, mistakes Aaron has witnessed
• Closing comments - contact an expert before you embark on a 1031 exchange

Resources:

Plenti Financial

https://www.startmyexchange.com/anderson

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