🙅🏻 How To Never Pay Taxes With Real Estate #shorts

The best real estate investors never pay taxes from selling their properties.

💡 This is because they take advantage of the 1031 exchange.

The 1031 exchange allows them to roll over the capital gains (profits) that they get from selling a property into the purchase of their next property.

🚦 There are a few rules involved with the 1031 exchange.

1️⃣ The new property should be of equal or greater value to the one being sold
2️⃣ The new property must be identified within 45 days of selling the original property
3️⃣ The new property must be purchased (closed) within 180 days of selling the original property

You also need to use a qualified intermediary to help you with the 1031 exchange process.

The IRS is very strict with these rules, so be sure you have a plan in place before you think about selling a property!

📈 The best part about it is that you can continue to 1031 exchange your properties over and over again and never have to pay capital gains taxes to the IRS!

Disclaimer: Not financial advice. Any investment commentary is my opinion only.

#realestate #1031exchange #taxhacks

[Cars]

"No need to be dramatic"

Lmfao!

[ibrahimdevx]

Even better: Move to a tax-free state like Wyoming, settle there get an address or whatever, go back to where you want to live, have 2 houses and say you switch between them, keep filing your taxes in Wyoming or whatever state.

[ELSAMRAS]

There we go 1031 exchange and rolling gains. Glad you made a video clarifying your point ;)

[TheChangNetwork]

Only problem is when you roll over in this scenario you are always selling and then rebuying in the same stage of the restate market. So you can't take advantage of a market correction and will likely be underwater on the next property.

[kzy]

if you keep rolling over into a new investment, how do you ever benefit from the profits except for to have a more expensive property on the books.

how do you convert any of that into cash into your pocket so that you can buy a car or take a vacation or do whatever you want with the cash?

[ROLZILLA]

After I told the Australian tax office this he sent 2 police officers to my door and I was sent to jail for 10 years for tax evasion

[carternemerson]

mhm I love the part where the irs tells me how much I owe thats my favorite part of the entire system and then telling them no is just the icing on top for me

[DavidMTheKrucifix]

And this is why they need to do away with "income tax" and just have a flat federal sales tax. This way every time that next house is bought, the sales tax gets paid, and no dodging anything.

[freedomisnotfree]

What taxes are associated with inherent after you deferred the capital gain taxes all your life using 1031 and passed away?

[Don.of.]

Don't hate the player (land lords), hate the game! (IRS)

[kkiimm]

In my country you don't pay any taxes on your peofit feom selling tour house, as long as its your primary house that tou gave lived in the last year.

[Panda-hoef]

Thx you for all the informative info.

Can i do that with equity and buying other properties? How does taxes work then….

[jaysagar]

Hi,
I live in Germany and is this also possible to do that in Germany?
Thanks ☺️

[Omar-sqzz]

What happens if it goes underwater? Please show us the bad scenario

[whynot]

If I have a million dollar property, can I sell it and roll over twice into two 500, 000$ properties?

[PhoenixFeatherOfficial]

Learning this as a kid. I’m gonna be rich when I grow up

[BoxybooThefunnyone]

Hey so how do we get the money so for a example I have $4500 and I spent 2000 I get lower loan rate and when I work my debit is now at 2500 but if we invested we will get more money each time you work does that make sense

[JOEZAAM]

Can you use the 300k to invest in multiple properties? Or would it be just one property?

[nurymartinez]

I love your videos! You are so entertaining and informative at the same time! Keep up the good work!😊

[Africa-dw]

..or you can keep your rental property and refinance it and buy another rental property. No capital gains tax.