707: 1031 Exchange Deep Dive: What to Know and Mistakes You MUST Avoid

<p>The <a href="https://www.biggerpockets.com/blog/1031-exchange" rel="noopener noreferrer" target="_blank"><strong>1031 exchange</strong></a> is a strategy that helps investors <strong>build more passive income</strong>, with fewer properties, all while <strong>avoiding the tax man</strong>. While many real estate investors know about this strategy, only a few of them know it well enough to pull it off. The rules are simple; <strong>sell a property, buy another property with the proceeds, and </strong><a href="https://www.biggerpockets.com/blog/capital-gains-tax" rel="noopener noreferrer" target="_blank"><strong>pay no capital gains tax</strong></a>. But, this is far easier said than done, and it’s much easier to make mistakes than most people think. Even our real estate hero, David Greene, had a 1031 exchange go awry.</p><p>To clear up the misconceptions, highlight the common mistakes, and guide us to <strong>tax-advantaged freedom</strong>, we’ve brought on 1031 exchange expert,<strong> Ryan Finch</strong>, to the show to share everything he knows about this misunderstood, often misused strategy. Ryan is a real estate investor at heart, <a href="https://www.biggerpockets.com/real-estate-investing/house-hacking-strategy" rel="noopener noreferrer" target="_blank"><strong>house hacking</strong></a><strong> as a sophomore in college to live for free.</strong> After working at multiple commercial real estate and development companies, he got the itch to start investing heavier himself and help others <strong>propel their wealth</strong>.</p><p>Now, Ryan works to help real estate investors and everyday homeowners <strong>make the most out of their equity</strong>. Ryan has unlocked the tools that have allowed those with home equity to build <strong>passive income </strong>streams, buy bigger, better properties, and <strong>reduce much of their landlord burden</strong>, all in a single transaction. If you’ve been sitting on some post-2020 equity, this episode will teach you how to use it as fuel for your <st