Thursday, July 18, 2024

Understanding 1031 Exchanges: Expert Insights with Teresa Knower | Equity 1031 Exchange

John Bowens is joined by Teresa Knower, President of Equity 1031 Exchange. With nearly 20 years of experience in the industry, Teresa shares her extensive knowledge on 1031 exchanges and answers frequently asked questions. In this video, you'll learn: - What a 1031 exchange is and how it benefits real estate investors? - The differences between a 1031 exchange and a self-directed IRA. - The four types of 1031 exchanges: delayed, reverse, simultaneous, and improvement exchanges. - Key steps and timelines involved in completing a 1031 exchange. - Common pitfalls to avoid when setting up a 1031 exchange. -Teresa also provides insights into scenarios where 1031 exchanges and self-directed IRAs can intersect, offering strategies for maximizing tax savings and growing your real estate portfolio. For more details on 1031 exchanges, visit Equity 1031 Exchange website :https://eqtytrst.co/equity1031 Chapters: 0:00 Introduction 0:19 What is a 1031 Exchange? 1:02 Benefits of 1031 Exchanges 1:35 Differences Between 1031 Exchanges and Self-Directed IRAs 2:25 Types of 1031 Exchanges 3:25 The Delayed Exchange Process 4:52 The Reverse Exchange Process 6:00 Common Pitfalls in 1031 Exchanges 7:20 Ensuring a Successful 1031 Exchange Reimagine Your Retirement with Equity Trust: https://eqtytrst.co/homepage Connect with us on social media! ⭐ LinkedIn: https://eqtytrst.co/linkedin ⭐ Facebook: https://eqtytrst.co/facebook ⭐ Instagram: https://eqtytrst.co/instagram ⭐ Twitter/X: https://eqtytrst.co/twitter ⭐ TikTok: https://eqtytrst.co/tiktok ⭐ Reddit: https://eqtytrst.co/reddit