Episode 42: Everything You Need to Know about the 1031 Exchange with Michael Brady

In this episode, we welcome our awesome guest Michael Brady. He is the Executive Vice President of Madison 1031 Exchange where he shares his ups and downs, tips and knowledge in 1031 exchange investing. He discussed how to dive into real-estate with a right mindset. Stay tuned for this interesting episode! In this episode, We explore:Lessons learned in his 1031 Exchanges journeyThe Power of 1031 exchanges in investing Tax savings benefit of 1031 exchanges Opportunity zone vs. 1031 exchangeHow does 1031 exchange work?Why you need Qualified IntermediarySyndication vs. 1031 ExchangeImportance of alignment of IRSPartnership structure in 1031 exchange and SyndicationRight mindset in 1031 exchange investingAbout Michael Brady:Michael S. Brady is Executive Vice President of Madison 1031, a national Qualified Intermediary for tax-deferred Exchanges pursuant to Internal Revenue Code §1031. As a Certified Exchange Specialist® and attorney, his responsibilities include consulting with clients and their advisors to provide guidance on the regulations affecting §1031 Exchanges, as well as overseeing Madison 1031 Exchange’s national sales and marketing efforts. His seminars have received rave reviews for being both entertaining and informative, and his audiences have included top law and accounting firms as well as brokerage companies nationwide.. Prior to joining Madison 1031, Mr. Brady headed up three other leading 1031 exchange companies, overseeing several thousand 1031 exchange transactions during his career. As an attorney, Mr. Brady has over 25 years of experience representing clients in commercial and residential real estate transactions, as well as a wide variety of business transactions and commercial litigation matters, and has acted as general counsel to a title insurance companySnapshot Round:What is your number one failure in real-estate?so my personal one, actually, we bought a primary residence. Now not an investment so much. So I had the opportunity when I was much younger to go buy a piece of property. out ea