In this episode of All Things PNW, host Jamal Abdoul and co-host Jamal Abdoul is joined by Tina Colson-Jones, a 1031 exchange expert at Equity Advantage. Tina shares her extensive knowledge about 1031 exchanges, explaining how this IRS tax strategy allows investors to defer capital gains taxes by exchanging one like-kind investment property for another. She dives into the details of how this works, the types of properties that qualify for 1031 exchanges, and the benefits it can provide to investors looking to grow their portfolios.

Tina also discusses the importance of consulting with the right qualified intermediary (QI) and tax professionals, especially when navigating the complexities of the process. She elaborates on the deadlines involved in a 1031 exchange, such as the 45-day identification period and the 180-day closing window, and explains key terms like "boot" and "tax deferral."

Listeners will gain insights into the mistakes investors commonly make with 1031 exchanges and how to avoid them. Tina emphasizes the importance of a strategic, long-term approach to wealth building with 1031 exchanges, and offers valuable tips for investors, including how to make the most of the strategy while planning for the future.