Welcome to Cashflow Quest! A podcast dedicated to educating others and creating a lasting legacy. Blake Comfort and Jennifer Purcell discuss their upbringing, the financial challenges they faced, and the pursuit of passive income inspired by 'Rich Dad, Poor Dad' seminars. They also touch on pivotal moments, such as their father's blindness and the transition into leadership roles, acquiring their first mobile home park, and growing their portfolio to over 2,300 units worth approximately $300 million. They highlight the importance of persistence, learning, and key partnerships in achieving success.
All content for Cashflow Quest is the property of Blake Comfort, Jennifer Purcell and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Welcome to Cashflow Quest! A podcast dedicated to educating others and creating a lasting legacy. Blake Comfort and Jennifer Purcell discuss their upbringing, the financial challenges they faced, and the pursuit of passive income inspired by 'Rich Dad, Poor Dad' seminars. They also touch on pivotal moments, such as their father's blindness and the transition into leadership roles, acquiring their first mobile home park, and growing their portfolio to over 2,300 units worth approximately $300 million. They highlight the importance of persistence, learning, and key partnerships in achieving success.
Mastering 1031 Exchanges: Navigating Tax Deferrals with Aaron Kancevicious
Cashflow Quest
50 minutes 58 seconds
3 days ago
Mastering 1031 Exchanges: Navigating Tax Deferrals with Aaron Kancevicious
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.
LinkedIn
Cashflow Quest
Welcome to Cashflow Quest! A podcast dedicated to educating others and creating a lasting legacy. Blake Comfort and Jennifer Purcell discuss their upbringing, the financial challenges they faced, and the pursuit of passive income inspired by 'Rich Dad, Poor Dad' seminars. They also touch on pivotal moments, such as their father's blindness and the transition into leadership roles, acquiring their first mobile home park, and growing their portfolio to over 2,300 units worth approximately $300 million. They highlight the importance of persistence, learning, and key partnerships in achieving success.
