5 Talents Podcast - How To Build Wealth Through Real Estate
Business:Investing
Michael Brady - Billions of Deferred Tax for Clients; 1031 Exchanges in 2021
We have been hearing about 1031 exchanges in the past 100+ episodes of our podcast, scratching the surface just enough to be familiar with it. However, what exactly is a 1031 exchange? In this episode, Michael Brady of Madison 1031 guides us in a crash course about 1031 exchange and how it has been used historically. Our discussion will also include the ways of creatively using it in our real estate investing, particularly with regard to multifamily properties.
Let’s listen to Michael and learn more about 1031 exchanges in 2021!
[00:01 - 05:24] Opening Segment
[05:25 - 15:35] Deferred Exchange vs. 1031 Exchange
[15:36 - 27:13] What You Should Know About 1031 Exchanges
[27:14 - 39:12] Real Estate Syndication
[39:13 - 49:36] Closing Segment
Tweetable Quotes:
“You can continue to do 1031 exchanges during the course of your lifetime.” - Michael Brady
“When we talk about a 1031 exchange, we’re always looking [at] who the taxpayer is.” - Michael Brady
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Connect with Michael on LinkedIn, check out Madison 1031, and get a perfect 10 service in all kinds of exchanges!
Guest email: mbrady@madison1031.com
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