Ep 87 - Mastering 1031 Exchange - For Real Estate Investors

Own Real Estate? Planning to sell? Are you familiar with how you can defer capital gain taxes from a 1031 Exchange? Interestingly enough Lots or Land may qualify! We have a Qualified Intermediary as our guest, ready to guide us through the process, provide answers to questions and present many variables that are mysterious and unknown. You'll be surprised on how you just might qualify for a tax deferral ~ Guest: Milissa Ormiston-Hall, A Qualified IPES Intermediary [QI], Investment Property Exchange Services, INC, 503-367-6701 Milissa.Ormiston@ipx1031.com http://www.ipx1031.com/ormiston Milissa Ormiston-Hall, a seasoned professional with over 26 years of sales experience, serves as a 1031 Exchange Qualified Intermediary. Her diverse background includes 12 years in corporate business-to-business sales, where she excelled as a regional sales manager for Fortune 500 companies. Additionally, she spent 14 years as a realtor in both Oregon and Washington. In her role as a third-party Qualified Intermediary (QI), Milissa educates and facilitates exchanges to ensure compliance with IRS regulations. Mastering 1031 Exchange episodes with Milissa for a tax deferral opportunity Ep 87 - Mastering 1031 Exchange For Real Estate Investors Ep 90 - Mastering 1031 Exchange • Exit Strategies Ep 91 - Mastering 1031 Exchange • Short-Term Rental • Duplex Strategies Ep 93 - Mastering 1031 Exchange • The Reverse Exchange Ep 95 - Mastering 1031 Exchange • Vacant Land • Farm Strategies Skip to what you need to know: Episode Summary 1:34 – Required Qualified Intermediary (QI) 2:27 – Definition Of A 1031 Exchange. Relinquished To Replacement Property 3:28 – Capital Gain Explained 12:13 – "Like-Kind" Explained 13:15 – Land Exchange 14:18 – Real Estate That Qualifies 15:39 – What Doesn't Qualify 16:25 – Mixed-Use 16:50 – Duplex 17:06 – Primary Residence 19:00, 47:51 – Depreciation Deferral 20:56 – How Many Fail? 21:14, 23:17 – Timeline 22:34 – Prepare Poa And Trusts 24:00 – When It's Too Late To Apply 25:22 – 45 Day, 180 Day Explained 25:46 – How To Identify Replacement Property 28:48 – 200% Rule - Multiple 31:32 – Cost For QI 34:30 – NIIT, Net Investment Income Tax 36:01 – Process Of Relinquished To Replacement 39:09 – Access To Funds From Sale 41:19 – What Happens To Your Money If You Can't Find A Replacement Property 43:45 – Can I Sell Multiple, And Replace With One? Helpful Tips To Know 49:08 – Portion Of Depreciation Taxed Explained 51:19 – Exit Strategy 52:50 – Estate Planning 53:29 – Estate Taxes Support us by sharing this Podcast with people you know ~ We appreciate and value your comments to bring you information that resonates with you... and keep this Podcast alive! Track your home's value and discover ways to leverage your equity. Check out your complimentary Home Digest My clients love it! Check out your complimentary Market Explorer – Watch neighborhoods you are interested in potentially investing in property. C ompletely free of charge with no obligation! Don't miss out on other helpful tips for homeownership. Visit the Category that resonates with your life today Home Improvement Maximize investment, Smart maintenance to-do's Buying To Invest What to look for, Property Search , Get Pre-Approved! Selling Property Home or Land, Senior adults downsizing, Value Report Homeowners Best Moves Bonus episodes about Financial Planning, Market Updates, Trailers about the show and interviews with Real Estate Brokers. FOLLOW anywhere you find your favorite Podcast - Search for Homeowners Best Real Estate Moves The show will stay in your Show Library for easy access while traveling Listen to Audio Player on your computer: click here Facebook Page Homeowners Best Real Estate Moves Listen on your computer Podcast.JudyCasad.com Send me your feedback , questions and topic suggestions. Who knows? You just might be a guest on our next show! Your Go-To Podcast! Created for Property Owners - to maximize your investment - even if you do not plan to sell. Selling yo

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