1031 Exchange
2 creators use or recommend it
▲ 1 active in the last 90 days
A tax-deferral strategy that allows real estate investors to sell a property and reinvest the proceeds into a like-kind property, deferring capital gains taxes.
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How 1031 Exchange compares
1 creator weighed in
4
401k
Different focus
employer retirement savings plan
Jaspreet says 1031 Exchange lets you sell property, pay $0 in taxes, and roll profits into a new property, again and again. A 401k is tied to your employer and retirement.
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1 creator
J
1 creator
Jaspreet says 1031 Exchange lets you sell property, pay $0 in taxes, and roll profits into a new property, again and again. A 401k is tied to your employer and retirement.
"There's something called the 1031 exchange which says if I buy a property for let's say $100,000, it goes up in value to $200,000, I can sell it, take that $100,000 of profit, pay $0 in taxes, buy a new property for $200,000, generate mo..."
Compared to 401k and IRA as an alternative tax-free wealth-building method that offers more control and liquidity
What creators say
"There's something called the 1031 exchange which says if I buy a property for let's say $100,000, it goes up in value to $200,000, I can sell it, take that $100,000 of profit, pay $0 in taxes, buy a new property for $200,000, generate more cash fl..."
More from Jaspreet Singh →
"I sold that single family house and I did a 1031 into an RV park and used that money as a down payment. So I get rid of houses that the ROE, your return on equity, is just not making enough money."
More from Pace Morby →Keep exploring
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