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072 | What is a 1031 Exchange, Anyway? [learn why it’s so special]

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Manage episode 395432374 series 3312037
Content provided by Nate Alger and Save Like Dave. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nate Alger and Save Like Dave 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.

What is a 1031 Exchange Anyway?

Today Dave is going to share what I consider the 2nd best gift the US government has given us to win with money.

It’s a bit more complicated than other methods of winning with money that I’ve discussed prior, however, it’s such a good one, Dave will explain what it is and how it can help you keep more of your money!

Now that’s worth listening to right?

I don’t know of anyone who wants to pay more in taxes than they have to. The 1031 exchange is an incredible way to defer your taxes, and in some cases never pay taxes on your appreciation of the assets that you own.

The long-term savings can be HUGE.

Throughout your lifetime, as you accumulate properties, you can upgrade them significantly and completely defer or never pay tax on them!

Questions for Review:

  • Do you now feel like you better understand what a 1031 exchange is?
  • How can using a 1031 exchange allow you to build wealth over time?
  • Is a 1031 exchange something you feel like you can personally take advantage of?

Verse From the Episode: "The rich rule over the poor, and the borrower is a slave to the lender." -Proverbs 22:7

  continue reading

77 episodes

Artwork
iconShare
 
Manage episode 395432374 series 3312037
Content provided by Nate Alger and Save Like Dave. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nate Alger and Save Like Dave 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.

What is a 1031 Exchange Anyway?

Today Dave is going to share what I consider the 2nd best gift the US government has given us to win with money.

It’s a bit more complicated than other methods of winning with money that I’ve discussed prior, however, it’s such a good one, Dave will explain what it is and how it can help you keep more of your money!

Now that’s worth listening to right?

I don’t know of anyone who wants to pay more in taxes than they have to. The 1031 exchange is an incredible way to defer your taxes, and in some cases never pay taxes on your appreciation of the assets that you own.

The long-term savings can be HUGE.

Throughout your lifetime, as you accumulate properties, you can upgrade them significantly and completely defer or never pay tax on them!

Questions for Review:

  • Do you now feel like you better understand what a 1031 exchange is?
  • How can using a 1031 exchange allow you to build wealth over time?
  • Is a 1031 exchange something you feel like you can personally take advantage of?

Verse From the Episode: "The rich rule over the poor, and the borrower is a slave to the lender." -Proverbs 22:7

  continue reading

77 episodes

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