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
[06:51 - 18:00] The Reality About 1031 Exchanges
[18:01 - 26:06] Beating Tax Laws in 2021
[26:07 - 36:31] How to Get Out of a 1031 Exchange
[36:32 - 42:24] Closing Segment
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:
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Connect with Michael on LinkedIn or check out Madison 1031 to get a perfect 10 in all kinds of exchanges!
Guest email: mbrady@madison1031.com
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