You’ve heard wealthy real estate investors talk about the 1031 exchange, but what about the “lazy 1031 exchange”? With a regular 1031 exchange, you can exchange one property for MANY and turn your small real estate portfolio into a booming passive income-generating machine. But, with the “lazy” 1031 exchange, you don’t have ANY of the time limits or stress that come with the traditional variation.
A “lazy” 1031 allows you to put your hard-earned capital gains into a COMPLETELY passive type of real estate OR buy more active real estate at any point throughout the year. Thanks to the massive tax benefits like depreciation, you’ll still be able to pay fewer taxes while growing your real estate portfolio to new heights. But how does the “lazy” 1031 exchange work, and who can use one?
“Beardy” Brandon Turner is back with BiggerPockets to explain exactly how you can take advantage of this too-good-to-miss real estate strategy.
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Here’s the “Lazy 1031 Exchange” and How To Do It:
https://www.biggerpockets.com/blog/lazy-1031-exchange?utm_source=youtube&utm_medium=description&utm_campaign=none
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What is a 1031 Exchange in Real Estate?
https://www.biggerpockets.com/blog/1031-exchange?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Find a Replacement Property Fast With a 1031 Exchange:
https://www.biggerpockets.com/blog/1031-exchangefind-replacement-property-fast?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Brandon:
Instagram: @beardybrandon or https://www.instagram.com/beardybrandon/
Podcast: https://www.youtube.com/@betterlifepodcast
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Connect with Amanda:
BiggerPockets: https://www.biggerpockets.com/users/keystonecpa?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @amanda_han_cpa or https://www.instagram.com/amanda_han_cpa/
Website: https://www.keystonecpa.com/
00:00 The Beard is Back!
01:32 Turning $50K into $1.5M!
03:48 Turn 1 Property Into a Portfolio
06:16 The “Lazy” 1031 Exchange
09:53 Get BIGGER Tax Benefits
11:37 Retire Sooner Than You Think
13:12 ptimal Times to Sell a Property
14:49 Connect with Brandon!
