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#5: Greg Lehrmann - The 1031 Exchange
Manage episode 293013619 series 1300654
Content provided by Kasey Mock. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kasey Mock or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Greg has over 25 years experience in commercial and residential real estate law. He dedicates a significant portion of his time speaking to attorneys, CPAs, escrow officers, real estate agents/ brokers and investors on the many ways to improve investment returns through IRC Section 1031. His exchange presentations are practical and feature many real-life exchange scenarios to illustrate a wide range of investment and tax strategies.
On this episode, Greg breaks down the 1031 exchange as it pertains to selling land. He and Kasey present a scenario to walk through each step in the process of creating the best possible investment returns through Section 1031. Enjoy!
(0:36) - What is a 1031 Qualified Intermediary?
(2:42) - The 1031 Exchange
(5:53) - Market Capitalism
(6:48) - Scenario: What a 1031 Exchange is and what it does
(18:23) - applications to primary residences
(19:46) - The importance of timelines
(25:20) - Negative surprises on money you reinvest
(26:12) - Having a great broker team for Land Rich and Cash Poor folks
(29:26) - What point is the seller taxed on the gain from our scenario?
(32:48) - What landowners should know about the new administration’s tax plan
www.1031taxreform.com/takeaction
(35:08) - Conservation Easements
(40:18) - What does a qualified intermediary do?
(44:59) - Wrap up
(46:56) - Where to learn more about 1031 Exchanges and connect with Greg
Greg's Contact: (866) 266-1031
Land Broker Insider is produced by Straight Up Podcasts
52 episodes
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