Aaron Kancevicious is a 1031 exchange specialist real estate consultant, and VP of Business Development at 1031 Specialists, a nationwide firm helping investors build wealth through strategic tax-deferred exchanges. With over 25 years of experience in real estate and finance, Aaron has guided thousands of investors, realtors, and financial planners through the complexities of 1031 exchanges—transforming what many see as a confusing process into a powerful wealth-building tool.

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Resources:

• Pinnacle 1031
• IRS (Internal Revenue Service)
• California Franchise Tax Board
• LLC (Limited Liability Company)
   

Notes: 

00:00 Welcome to the CashFlow Quest Podcast!

00:00 Meet Aaron Kancevicious: VP of Business Development

00:30 Understanding 1031 Exchanges

02:30 The Role of a Qualified Intermediary

04:00 Hypothetical Scenario: Running Through a 1031 Exchange

04:30 Planning and Timing for 1031 Exchanges

05:00 The Importance of Planning Ahead

20:30 Reverse 1031 Exchanges Explained

27:00 Fractional Ownership and 1031 Exchanges

27:30 Legal and Financial Complexities

29:00 Consulting and Client Guidance

31:00 Tax Implications and Strategies

31:00 Boot and Depreciation

32:00 Tenant in Common Structures

37:00 Planning and Structuring Investments

39:00 Common Misconceptions and Advice

47:02 “Never sell without exchanging. Swap till you drop — that’s the strategy.”

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Blake Comfort, Co-founder of Comfort Communities and Comfort Capital in 2008, embarked on a journey to acquire manufactured home communities, laying the foundation for the investment and management company we have today. In 2009, Comfort Communities acquired its first manufactured home community, and since then, the company has continued to expand, purchasing and managing numerous manufactured housing communities. Blake oversees all capital market functions, acquisitions, and deal sourcing for Comfort Communities and Comfort Capital. When he’s not working, Blake cherishes spending quality time with his wife and two young children and occasionally takes to the skies, flying around San Diego.

Jennifer Purcell, Co-founder of Comfort Communities and Comfort Capital, was raised in a real estate-loving household with her father being a general contractor and developer of over 4,000 units in San Diego County. Her mission is to change the perception of “Trailer Parks” and create exceptional living environments with top-notch service for residents. A San Diego State University graduate, Jennifer previously worked with R&V Management for their multi-family apartment portfolio at a leading global corporate housing company. Since 2009, she’s been instrumental in building Comfort Communities management team and fostering relationships with trusted investors and advisors, contributing to Comfort Capital’s success today. When she is not operating mobile home communities, she loves spending time outdoors, throwing the ball for her dog, and spending quality time with her husband and her two young children.