1031 EXCHANGES - SWAP UNTIL YOU DROP William Exeter Explains The Basics On Tax Savings With 1031
Guest William “Bill” Exeter with Hosts Michael Flight and Adam Carswell on the Nothing But Net – NNN – Show.
August 12, 2021 | 1031 EXCHANGES – SWAP UNTIL YOU DROP
William Exeter is a Top 1031 Exchange Facilitator
William “Bill” Exeter, CEO & President of Exeter 1031 Exchange Services, joins hosts Adam Carswell and Michael Flight on this episode of the Nothing But Net – NNN Show to discuss how 1031 exchanges make real estate properties tax-efficient. With his expert knowledge, Bill walks us through the process of how to conduct a 1031 exchange with real estate investment properties. Michael, Adam and Bill also break down the timeline, identification process, fund holdings, closings and more for these tax-efficient 1031 Exchanges.
Related Link: How to Utilize Commercial Real Estate for Taxes
Bill Exeter has been specializing in real estate tax strategies since 1985 with an extensive knowledge of 1031 and 1033 Exchanges. Bill has written, lectured, taught and trained investors extensively on 1031 and 1033 Exchange transactions, Tenant-In-Common (TIC) investment properties and Delaware Statutory Trusts (DSTs).
What is a 1031 Exchange?
A 1031 Exchange is a swapping of one real estate investment property for another investment property (a “like-kind” exchange). This tax saving real estate investing technique allows investors to defer (or hold off) paying capital gains taxes. It is called a 1031 Exchange because that is the name of the section in the IRS Code Section 1031. In this episode you will hear Exeter, Flight and Carswell discuss the basics of using a 1031 exchange as a savvy tax saving strategy. You will also learn that 1031 Exchanges have very specific rules in order to comply with the tax code so it is best to have an experienced 1031 Exchange Facilitator. In this podcast we will review the basics of 1031 exchanges, along with some of the rules, special tips and go through some examples of how a 1031 exchange works.
Related Link: Commercial Real Estate Statistics and Trends 2021
Learn more about 1031 Exchanges and all things Triple Net on other episodes of The Nothing But Net – NNN Show. This show is a podcast all about the benefits of acquiring and owning Net Lease Properties (also known as NNN, Triple Net, Triple-Net Single-Tenant or Single-Tenant Triple-Net Lease properties). Listen to or watch this podcast on the Liberty Real Estate Fund Nothing But Net YouTube channel.
3 Key Points:
- 1031 Exchanges preserve wealth for investors by applying tax savings to real estate deals and making the properties tax-efficient.
- Many multifamily real estate investors get tired of the management hassles and sell their apartment buildings to trade into Net Lease/Triple Net properties. In fact, one of the major driving forces in the Triple Net market is former multifamily investors trading into less management intensive Net Lease properties.
- A 1031 Exchange must be a “like kind” exchange of investment property for investment property. An investor cannot trade into a vacation home for themselves, it must be investment property.
The Nothing But Net – NNN Show is a presentation for Liberty Real Estate Fund which is built on the wealth creating cash flow benefits of Net Lease properties. You can find out more about Liberty Real Estate Fund by visiting our HOW IT WORKS page or you can schedule a call with one of our advisors:
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*Note: Liberty Real Estate Fund LLC and Liberty Equity Management LLC (collectively LibertyFund.io) have made every attempt to ensure the accuracy and reliability of the information provided. Liberty cannot not accept any responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained herein. The information herein considered legally-binding legal advice, tax guidance, or financial counsel.
About the Podcast Hosts:
Michael Flight is a founding principal of Concordia Realty Corporation, Concordia Equity Partners LLC and more recently CEO of Liberty Real Estate Fund, a net leased property fund curated to create a conservative, safe haven portfolio of long term, Single-Tenant Net-Leased properties designed for geographic diversification, tenant credit diversification and industry diversification. Liberty Real Estate Fund has been compared to mutual fund for real estate investing
Michael is a real estate entrepreneur who is an expert in Retail Real Estate (Shopping Centers and Single-Tenant Net-Leased investment, leasing, operations, and redevelopment. Michael has been active in commercial real estate over the past 35 years and has handled more than $500 million worth of real estate transactions. Michael has extensive experience in development, leasing, sales, property management, and innovative financing techniques.
Michael has been featured on The Real Estate Guys Radio Show, Cash Flow Connections podcast, and the Cash Flow Ninja podcasts to name a few. Michael is also a well-known speaker at FreedomFest, Investor Summit, the Intelligent Investors Real Estate Conference, the Multifamily Investor Network Conference, and the Global Family Office Summit in Dubai. He is host of the Nothing But Net – NNN Show a podcast all about Net Lease, Triple Net and NNN investing. Co-host of the Chicago Blockchain Real Estate Collective and co-founder of the Blockchain Real Estate Summit.
Adam J. Carswell is a real estate entrepreneur, LinkedIn Power-Networker, and New Media Marketing Maverick. He is known as the “Voice Of Liberty” for his work hosting the Nothing But Net – NNN Show, the Chicago Blockchain Real Estate Collective, The Liberland Show, and Liberland National Anniversary Ceremonies. His expertise in social marketing and network management set him apart from the crowd. Adam is also a member of RaiseMasters, the #1 Mastermind for elite capital raisers, and is a Co-Founder of the Next Level Mastermind.
Jason has also been featured as a guest on NPR, the Nothing But Net Show podcast, Simple Passive CashflowPodcast, and Commercial Real Estate Investing from A-Z podcast.
Liberty Real Estate Fund LLC is The World’s First Single-Tenant Net-Lease Security Token FundTM, joining 30 plus years of institutional real estate investment experience with blockchain technology to deliver very stable, diversified, tax efficient returns combined with liquidity, security and transparency.
Liberty is a real estate investment fund that acquires Single-Tenant Net-Leased (NNN) essential business retail, auto service and medical properties in the United States. It is designed for investors to achieve: Geographic Diversification; Industry Diversification; Tenant Credit Strength and is built with hard assets that have intrinsic value. Our portfolio of Net Lease properties is constructed with brand name Essential Businesses operating in high growth markets throughout the United States. These Net Lease assets have long term contractual rents backed by excellent brand name, well capitalized companies.
Liberty is focused on investing in high quality, well located Single-Tenant Net-Leased (NNN) properties in targeted high growth, low tax areas of the United States. The portfolio has been specifically designed to provide stable, recession resistant income combined with inflation protected wealth preservation and equity growth.
DISCLOSURES, LEGAL AND TAX COUNSEL: Liberty Real Estate Fund LLC and Liberty Equity Management LLC (collectively “Liberty”) and their affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction or undertaking. Liberty highly encourages individuals and investors to seek the counsel of a qualified attorney as well as seek the counsel of a tax professional or Certified Public Accountant (CPA) to determine if there are any potential tax liabilities or consequences as the result of anything contained herein. NO GUARANTEE: All users of this website should understand there are NO GUARANTEES of any success, outcome or profitability of any transaction or undertaking, expressed or implied by Liberty or any of its members, shareholders, officers or affiliates and will NOT be liable for any financial or other losses or damages incurred as a result of any undertaking. Go HERE to view complete DISCLOSURES.
