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1031 Exchanges: Fast-Tracking Your Real Estate Investment Portfolio
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Marissa LoCascio is the Senior Vice President and Chief Compliance Officer at 1031 CORP, a company specializing in 1031 exchanges, which allows real estate investors to swap one investment property for another and defer capital gains taxes. Marissa is an expert in real estate investments and helps clients navigate the complexities of 1031 exchanges. Her qualifications as a paralegal and Certified Exchange Specialist (CES®) further underscore her expertise in this field. Beyond client work, Marissa regularly conducts seminars to educate real estate professionals and investors on the numerous benefits of IRC Section 1031.
In this episode…Most investors work long and hard to build sizable real estate portfolios. However, there are ways to shortcut the process. How can a 1031 exchange help you transform your investment strategy?
A veteran in the area of 1031 exchanges, Marissa LoCascio says the strategy can be a game-changer for real estate investors, enabling them to achieve both short- and long-term investment objectives. By repeatedly employing a 1031 strategy, investors can sell properties and reinvest the proceeds in more real estate, all while deferring taxes. Marissa says this strategy paves the way for future acquisitions of more significant assets, such as a large commercial piece of real estate. Each use of this strategy brings investors closer to their ultimate goals.
In today's episode of The Same Day Podcast, Yoni Schmidt joins Marissa LoCascio, Senior Vice President and Chief Compliance Officer at 1031 CORP., to discuss the intricacies of 1031 exchanges. Marissa shares her insights on how investors can leverage the 1031 strategy to achieve their investment goals, the common misconceptions regarding 1031 exchanges, and the rules and processes for executing a successful 1031 exchange.
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