Straight Up Mortgage Talk

What is a 1031 Exchange? Featuring Expert Greg Burns

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Below are a list of questions Greg and I go over, if you'd like to reach out to contact Greg his number is 626-233-2773.

  1. Can you give us a quick explanation of what a 1031 exchange is and how it works?
  2. What are the tax impacts if in the future a client were to sell the property they exchange into?
  3. What are some of the biggest mistakes people make when considering or doing a 1031 tax exchange?
  4. What are some of the options that can be used on a 1031 where people take the proceeds into other investments other than real estate?
  5. Is it possible for a client to do a partial exchange? Is there only certain times/circumstances that you can take money out of the exchange and what is the process?

    6. FAQ’s found on the internet about 1031 Exchanges:

    1. What is a mortgage boot?
    2. How is seller-back financing impacted when doing a 1031 exchange?  {453 internal revenue}
      3. ...more
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