5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate

[Bonus Episode] Michael Brady - A Crash Course on 1031 Exchanges: What Investors Should Know

October 06, 2021 Abel Pacheco Episode 187
5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate
[Bonus Episode] Michael Brady - A Crash Course on 1031 Exchanges: What Investors Should Know
Show Notes

Michael Brady has been involved in more than a billion dollars in real estate transactions. His expertise is specifically on 1031 exchanges, which he will discuss in this episode. Michael will talk about how real estate investors can utilize this kind of exchange, the things we can and cannot do with this real estate investing tool, and other valuable tips that can be applied in multifamily investing.  

Listen to Michael and learn 1031 exchanges!

[00:01 - 06:50] Opening Segment

  • Let’s get to know Michael Brady
  • He talks about his journey to real estate investing
    • He’s been involved in over a billion dollars in transactions

[06:51 - 18:00] The Reality About 1031 Exchanges

  • The problem in real estate that Michael wants to solve
  • Michael explains 1031 Exchanges for investors
  • He gives us a sneak peek into his daily career as a 1031 exchange expert

[18:01 - 26:06] Beating Tax Laws in 2021

  • How to beat tax laws according to Michael
  • What you can and cannot do in a 1031 exchange
  • What does he mean by  making exchanges “old and cold?”

[26:07 - 36:31] How to Get Out of a 1031 Exchange

  • Is a short-term “drop and swap” advisable?
    • Michael weighs in
  • The common way 1031 exchanges are done
  • Connect with Michael
    • Links below

[36:32 - 42:24] Closing Segment

  • The 2 requirements of 1031 exchanges
  • Final words from Michael and me 

 

Tweetable Quotes: 

“The problem is if you own commercial real estate...when you sell it, the profit is taxed.” - Michael Brady

“There are two requirements for 1031 exchanges. The first is that you have to identify your replacement property within 45 days of the closing of your sale.” - Michael Brady


Resources mentioned:

------------------------------------------------------------------------------------------

Connect with Michael on LinkedIn or check out Madison 1031 to get a perfect 10 in all kinds of exchanges! 

Guest email: [email protected]   


Connect with me:

https://www.5tcre.com/

Facebook

LinkedIn

Instagram

Watch 5T CRE on YouTube

Leave us a review and receive your free ebook

Email us --> [email protected]

Support the show (https://www.buymeacoffee.com/5Talents)