In this episode of Cashflow Quest, the hosts return after a brief hiatus with special guest Aaron Kancevicious, VP of Business Development at 1031 Specialists. The discussion revolves around the intricate details of 1031 exchanges, a vital tool for investors seeking to defer capital gains taxes. Aaron shares his extensive real estate consulting experience, having transitioned from a finance background to establishing a brokerage specialized in 1031 exchanges. The conversation covers the logistics of setting up an exchange, identifying replacement properties, timeframes, and the critical role of planning ahead. Aaron expounds on misconceptions about 1031 exchanges and the importance of proper structuring, discussing common scenarios including joint LLCs and partnership dissolutions. Additionally, the episode delves into reverse exchanges, the necessity of having sufficient funds or suitable financing, and the complexities of implementing tenant-in-common arrangements. Overall, this episode provides comprehensive insights into maximizing tax deferrals through well-planned 1031 exchanges.
Aaron Kancevicious is a 1031 exchange specialist real estate consultant, and VP of Business Development at 1031 Specialists, a nationwide firm helping investors build wealth through strategic tax-deferred exchanges. With over 25 years of experience in real estate and finance, Aaron has guided thousands of investors, realtors, and financial planners through the complexities of 1031 exchanges—transforming what many see as a confusing process into a powerful wealth-building tool.
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