In this episode of The Jones Zone, Host Darryl Jones is joined by Mike Auerbach, 1031 Exchange Specialist. They explore what 1031 exchanges are, their benefits, rules, and regulations, as well as creative ways to utilize them. Mike and Darryl also discuss important considerations like working with a qualified intermediary, time limitations, loan stipulations, and more. Whether you’re an experienced real estate investor or new to the concept, this episode breaks down everything you need to know about harnessing the power of 1031s.

Episode Highlights:

● How to defer capital gains tax and utilize all equity from a property sale

● Strategies for identifying potential replacement properties within 45 days

● The necessity of using a qualified intermediary to facilitate the exchange

● Creative options like reverse exchanges and drop-and-swaps with partners

● Misconceptions about 1031 applicability and expiration rumors

Key Questions Asked:

1. What are the primary benefits of participating in a 1031 exchange?
2. What are the time constraints and critical deadlines in a 1031 exchange?
3. How does the loan amount on the sold and purchased property affect the exchange?
4. Can LLC partners go their separate ways and still qualify for an exchange?
5. What resources exist for successfully navigating a 1031?

Guest Information:

Mike Auerbach - 1031 Specialist

Website: https://www.1031specialists.com/

X: https://twitter.com/1031Specialists 

Phone: (631) 438-1031

Email: mike@1031specialist.com

Contact Darryl: 

Darryl & JJ Jones Real Estate 

Email: darrylandjj@gmail.com 

Phone: (714) 713-4663