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Join me, Christian Walsh, alongside Steve Rosansky from Peak 1031 Exchange as we dive deep into the intricacies and benefits of 1031 exchanges! We'll cover the basics and advanced aspects of 1031 exchanges, discuss common misconceptions, and provide invaluable insights from Steve’s extensive experience. Discover how to plan effectively, the importance of having the right team, and even navigate complex scenarios like reverse exchanges. Plus, get the latest updates on federal extensions affecting your timeline. Whether you're a seasoned investor or just getting started, this episode is packed with actionable advice you can't afford to miss! Have you ever done a 1031 exchange? What challenges did you face? Let us know in the comments! 📞 Schedule one-on-one call with Christian Walsh 👉 https://calendly.com/wireassociates 📌 Don’t miss another update! Join thousands of others in subscribing to the WIRE Associates weekly newsletter to get the latest housing market data for buyers and sellers, plus access to foreclosure data, info on landlord/tenant law and much, much more 👉 https://www.wireassociates.com/newsle... 🏠 ➡️ Don’t BUY or SELL in SoCal without clicking here first…no pressure, no obligation assistance from us 👉 https://www.wireassociates.com/contact/ 🏠 ➡️ Thinking of BUYING or SELLING anywhere else in the US? The best agents are right here 👉 https://homeandmoney.com/christian/ 📌 Sign up here to find and track foreclosure homes across the nation at FORECLOSURE.COM 👉 https://geni.us/foreclosure 📌 Track housing market statistics anywhere in the US! Altos Research Reports link, sign up for your neighborhood now! 👉 https://www.wireassociates.com/reports/ 📌 Sign up to have actively listed Southern California short sales and foreclosures - single family, multifamily and land - delivered to your inbox 👉 https://geni.us/ForeclosuresinSoCal Sections 00:00 Introduction and Welcome 00:47 Meet Steve Rosansky: The 1031 Exchange Expert 01:37 Understanding 1031 Exchanges: Basics and Misconceptions 03:02 Common Pitfalls and Misconceptions in 1031 Exchanges 06:06 Key Benefits of 1031 Exchanges 09:34 Rules and Regulations: Navigating 1031 Exchanges 16:10 Combining 1031 Exchanges with Section 121 20:57 Critical Deadlines and Identification Rules 29:53 Understanding DSTs and the 200% Rule 30:26 The 95% Exception Rule Explained 31:08 Funny Real Estate Stories 32:17 COVID-19 and 1031 Exchange Extensions 37:21 Reverse Exchanges: A Complex Necessity 45:31 Building Your 1031 Exchange Team 55:50 Final Thoughts and Q&A * GEAR WE USE & OTHER RESOURCES* https://www.wireassociates.com/resour... This is not meant to be a solicitation of a property currently under contract. This is not meant to be legal or tax advice, please consult with the appropriate professional. We are licensed to sell real estate in California (if you need help elsewhere, we can help find a good broker, let us know), CalRE # 01804983. Berkshire Hathaway HomeServices California Properties (# 01317331) Remember when you click, I may receive a small commission at no extra cost to you. As an Amazon Associate I earn from qualifying purchases. I only recommend products and services that I've used or have experience with. #WIREassociates #1031Exchange #RealEstateInvesting