Did you know that industry data suggests as many as 30% of all 1031 exchanges fail? One simple mistake—missing a deadline by one day or choosing the wrong partner—can cost you six or seven figures in an unexpected tax bill.
In Part 2 of our 1031 deep dive in the 5-Minute PRIME Podcast, host Martin Maxwell walks you through the minefield. Last episode, you learned the powerful fundamentals. Today, you'll learn how to protect your exchange and avoid the catastrophic errors that trap most investors.
Tune in to learn:
- Mistake #1: The "Constructive Receipt" Trap (And why you, your agent, or your attorney can never touch the money).
- Mistake #2: The 45-Day Deadline (Why 30% of exchanges fail this inflexible test and how to use the Three-Property Rule as your safety net).
- Mistake #3: The "Hold-for-Investment" Test (Why flipping your new property too soon can retroactively kill your entire tax deferral).
- Mistake #4: The Unregulated Partner (How to vet your Qualified Intermediary (QI) and the non-negotiable questions you must ask about security and insurance).
Are you ready to execute your next 1031 exchange with the confidence of a pro? Subscribe now to learn how to navigate the minefield.
Thank you for tuning in to the 5-Minute PRIME Podcast! Ready for more tips to master personal finance and real estate investing? Visit REIPrime.com for additional resources and strategies to build your wealth. Don’t forget to subscribe, leave a review, and share this episode with someone looking to level up their finances. Follow us on social media for daily updates and more actionable advice!
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