Episode 623
Avoid Costly 1031 Exchange Mistakes: Expert Tips w/ Brandon Burns
Unlock the secrets to successful real estate investing and avoid costly 1031 exchange mistakes in this insightful episode featuring Brandon Burns! As one of the few certified exchange specialists in the U.S., Brandon shares invaluable tips on navigating 1031 exchanges, a critical tool for building generational wealth through strategic real estate investment strategies.
- Discover the history and evolution of Section 1031 and how it can benefit your investment portfolio.
- Learn the essential steps and hurdles in executing a 1031 exchange, including time, value, financial, and ownership considerations.
- Understand the importance of choosing the right 1031 exchange accommodator to maximize your real estate gains.
Connect with Brandon Burns! Tap into his expertise and elevate your real estate strategy by visiting his professional website.
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CHAPTERS:
00:00 - Intro
00:33 - What is a 1031 Exchange
08:02 - Major Hurdles of a 1031 Exchange
17:20 - Selecting the Proper Accommodator
21:50 - Choosing a 1031 Exchange Company
24:00 - What We Missed
27:17 - Lies Real Estate Investors Tell Themselves
28:10 - Advice for Your Younger Self
28:53 - Book Recommendation
30:55 - Time-Saving Strategies
34:18 - Outro
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