How To Use A 1031 Exchange To Pull Out Tax-Free Money

We’ve taken the time to talk about 1031 exchanges here on the channel before, but in addition to the channel, we want to go into more detail on how you can pull tax-free money out of one.

As always, Clint Coons, Esq., our host will be going into a fair amount of detail on how there exists an opportunity to receive money without the worry of taxes.

“If you're considering doing a 1031 exchange, 2022 is a great year to do that.” 6:41

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If you’re not familiar with the 1031 exchange process, it is a way for real estate investors to sell an asset and reinvest the capital into another one without paying taxes on the profit. The idea is that your profits are put towards another asset and then when you sell that new investment, you’ll be able to claim all of your costs back.

So with those details in mind, you may be asking how one can pull money out of such a tactic meant for reinvesting. Well, the answer is simple: by using a 1031 exchange strategy we will be sharing right here.

If you are interested in learning more, make sure that you watch our content until the end to ensure you absorb all the knowledge we are offering via a professional free of charge.

We are grateful for our audience joining us, so please do not hesitate to share this video with others, and if you have any questions or comments feel free to leave them in the comment section below.

It is our sincerest hope that you like the video and subscribe to the channel so as not to miss out on future videos. Thank you, and we look forward to hosting you in the future.

Show Notes:
0:00 Intro
0:08 Basics of 1031 Exchange Strategy
4:18 Figure out depreciation
6:40 Outro
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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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