Need the 1031 exchange explained in a simple way? With so many conditions and caveats surrounding 1031 exchanges, it’s easy to understand why many investors don’t bother with them. But, this could be to their detriment, as 1031 exchanges can help you grow cash flow, portfolio size, and property value quicker, without the tax implications of a traditional home sale.

James Dainard from Heaton Dainard Real Estate used the 1031 exchange to take his portfolio from twelve units, all the way up to three hundred! He answers some key questions that may be confusing investors, such as: what is a 1031 exchange, how does a 1031 exchange work, and what are the benefits to a 1031 exchange?

Have you ever done a 1031 exchange? If so, did it work smoothly, were you able to hit the deadlines, and would you do it again? Let us know in the comments!

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The Ultimate Guide to 1031 Exchanges:
https://www.biggerpockets.com/blog/10...
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Will a 1031 Exchange Help Grow Your Portfolio?
https://www.biggerpockets.com/blog/10...
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00:00 Scaling from 12 to 300 Units!
00:36 What is a 1031 Exchange?
01:57 When is The Right Time to 1031?
05:05 Factors to Consider Before You 1031 a Property
08:53 How Does it Work?
16:13 Before You 1031 Your Property