Getting Your Edge: How to Downsize Your Home.
Life Happens to Everyone! These events can force changes in how and where you live. How you react and manage those events is what matters.
Join Judy Gratton and Dennis Day, two agents with over 30 years combined experience in real estate, as they provide you insights into managing the twists and turns life throws at you, so you can land on your feet and in the right place.
Whether you need to downsize from your forever home, upsize to handle a growing family, or moving an aging parent into a safer setting, the “Downsize" Podcast will share the information you need to be ready.
Using their personal experiences and interviews with experts in a variety of fields, like: financial planning, estate sales, or living abroad, our hosts will dish out the information and advice that will help you take on life’s challenges informed and prepared. For more information about the Edge Group Real Estate Team:
www.EdgeGroupTeam.com
Getting Your Edge: How to Downsize Your Home.
Give Your Money to the IRS. OR NOT! How to Use the 1031 Exchange to Beat the IRS
The 1031 exchange is a tax strategy that allows investors to defer capital gains taxes on the sale of investment property by reinvesting the proceeds in a new property. This can provide a significant financial advantage for investors looking to build wealth through real estate investments.
In this episode, we'll cover the basics of the 1031 exchange, including the requirements for eligibility and the timeline for completing an exchange. We'll also dive into the benefits of using a 1031 exchange, such as the ability to leverage gains into larger investments, increase cash flow, and defer taxes.
Our guest expert for this episode is a real estate attorney, Richard Morse, of Washington Exchange Services, who has extensive experience in facilitating 1031 exchanges. We will share his insights on the legal requirements for a successful exchange, as well as some tips for avoiding common pitfalls.
Whether you're a seasoned real estate investor or a homeowner thinking of downsizing and renting their forever home, this episode will provide valuable information on the 1031 exchange and how it can help you grow your investment portfolio while minimizing your tax liability. So sit back, grab a pen and paper, and get ready to learn about the powerful tax-saving tool that is the 1031 exchange.
Richard Morse
Washington Exchange Services
Address: 19633 109th Place SE, Bothell, WA 98011
Phone: 206-522-1031
Email: richard@freetaxexchange.com
Web: https://www.freetaxexchange.com/
Regenerate response
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