Manage episode 342476519 series 2798164
If you’re keen to understand the 1031 exchange better, this episode will be a great in-depth discussion. Let our guest Scott Saunders help you and explain how it works in the real estate business and tips on making the most of it as a wealth-building tool. You could have the best investment strategy in this conversation so dive into this one!
Key Takeaways to Listen for
- What is the 1031 exchange and its advantages for investors
- Types of assets where you can utilize 1031 exchange
- 1031 exchange processes and timeline
- The amount of deferred taxes on a 1031 exchange
- How to keep deferring taxes on capital gains
- Mistakes to avoid when doing a 1031 exchange
Resources Mentioned in This Episode
Free Apartment Syndication Due Diligence Checklist for Passive Investor
About Scott Saunders
Scott R. Saunders is Senior Vice President with Asset Preservation, Inc. (API), a subsidiary of Stewart Information Services Corporation (NYSE: STC). Scott has an extensive background in IRC §1031 tax deferred exchanges, having been involved in overseeing and structuring over 100,000 §1031 exchanges during his thirty-four (34) years in the exchange industry.
He is a former President and Board Member of the Federation of Exchange Accommodators (www.1031.org), the national §1031 exchange industry trade organization, and holds a Business Economics degree from the University of California at Santa Barbara.
In addition, he has been a regular presenter of 8-hour C.L.E. and C.P.E. approved classes on advanced §1031 exchange issues to accountants, attorneys, commercial developers, and CFOs arranged by Lorman Education and the National Business Institute. Scott regularly provides webinars for continuing education credit on §1031 exchanges for many organizations, including CPAAcademy.org, the CPA Leadership Institute, and myCPE.com. In addition to being an accredited speaker in numerous states, Mr. Saunders was a contributing author to the book Real Estate Exchanges: Using the Tax Deferred Exchange in Real Estate Investment Management and has been featured in The Wall Street Journal, CNBC, Forbes Real Estate Investor and U.S. News and World Report.
He has written over 200 articles on various aspects of §1031 exchanges, capital gain taxation, and investment real estate. His articles have been featured in many investment publications such as the New York Real Estate Journal, Mid Atlantic Real Estate Journal, Inman News, REBusiness Online, Heartland Real Estate Business, Western Real Estate Business, REALTORS® Land Institute Terra Firma, ALTA’s Title News, HousingWire and many other real estate and other financial publications.
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