How To Avoid Capital Gains Tax 🙅 With A 1031 Exchange

Today’s Show:

If you recently bought a home🏠 and are thinking of moving before your two years then you NEED to watch this episode! Today we have expert Rick Wittstock in studio to educate us on 1031 Exchanges and Capital Gains Tax. 😬1031 Exchanges are one of the biggest kept secrets in real estate investing. Many investors use 1031 exchanges to save BIG 🤑 on taxes and so can you! Watch today’s episode to learn exactly what requirements are needed to do a 1031 exchange, what capital gains tax is, and why you want to avoid it.🙅

Listen & Learn

1:14 – Rebecca Intro’s Rick

2:40 – Rebecca’s example of capital gains tax

6:00 – Second homes & 1031 exchanges

8:15 – Requirments for a property to be used as 1031 exchange

9:00 – Real-life 1031 case scenario

10:15 – What are the rules for a 1031 exchange?

12:44 – The other caveat on 1031 exchanges

17:00 – Rick’s company & website

18:00 – What is the Delaware Statue Trust?

19:30 – What is a Delaware Land Trust?

21:20 – Reverse 1031s & what that means

23:00 – The normal process of a 1031 exchange

24:55 – The Dream Home Act

28:28 – About Rick & how to contact him

Special Guest:

Rick Wittstock – Vice President / Account Executive at IPX1031:

With over 20 years in sales, business development, real estate and residential mortgages, Rick Wittstock brings a wealth of vast knowledge and experience to IPX1031. As Vice President and Account Executive for Investment Property Exchange Services, Inc., he offers 1031 continuing education classes throughout Arizona and New Mexico to investors, real estate agents/brokers, attorneys, accountants and financial planners. Rick’s expertise of 1031 Exchange rules, 1031 regulations and 1031 strategy, coupled with impeccable service allows him to efficiently and easily guide clients through a seamless tax deferred 1031 Exchange transaction. Rick holds a Business Management degree from Dalhousie University in Nova Scotia, Canada.

Phone: (602) 224-8818
Email: rick.wittstock@ipx1031.com


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Homeownership🏠 As A Hedge Against Inflation

Today’s Show:

We are back with our 3 sponsors 😄 and expert guests Joe smith of Epic Mortgage, Tara Krieg of AmeriFirst Financial, and Anthony Penna of Navi Title. With interest rates rising📈, investors flooding the housing market, and the horrible conflict going on in Ukraine we needed to come back and discuss the impact it is having on our already crazy 🤯 market! We will also be covering some Cromford stats and what our predictions are for the rest of 2022 🏠 so tune in!

Listen & Learn

1:00 – Rebecca Intro’s Joe, Tara, & Anthony
3:00 – Top 20 sources in in-migration to metro Phoenix
6:50 – Average sales price in Maricopa County
7:30 – Recap of previous show predictions
11:29 – Joe’s thoughts on the market today compared to Jan.
12:00 – Interest rate changes since Jan.
13:30 – What is stagflation?
15:00 – Anthony’s thoughts on how the Russia conflict will impact our market
17:00 – Monthly Cromford stats
23:30 – Anthony’s post about the change of home prices
25:40 – Homeownership is a hedge against inflation
30:00 – Home price forecast 2022
31:40 – Rebecca’s predictions for the market going forward
35:00 – Joe’s predictions for the market going forward
36:00 – Tara’s predictions for the market going forward
38:15 – Anthony’s predictions for the market going forward
39:30 – Rising rental prices in AZ

Special Guests:

Anthony Penna – Director of Sales & Marketing at Navi Title

“There is nothing more satisfying than helping people achieve their goals by providing them with opportunities to excel in their business. It’s an awesome process that I feel very fortunate to be a part of.” Navi Title Agency is an Arizona-based full-service title agency. They offer competitive escrow and title solutions complemented by a strong tradition of grassroots standards.

Phone: 602-510-8848
Email: apenna@navititle.com
Website: www.navititle.com/

Joe Smith – Owner/Broker of Epic Mortgage

Joe Smith first started in the mortgage business in 2002 as a loan officer. He quickly established himself as a top producer, eventually managing the state of Arizona for a top 10 mortgage lender. After 17yrs in traditional retail banking, working for many top companies in the mortgage business he decided to make a jump to becoming a mortgage broker himself. Currently, Joe is the Broker and Owner at Epic Mortgage and is definitely someone you’re gonna want to go to for advice on lending!

Phone: 602-741-4121
Email: joe@myepicloan.com
Website: www.myepicloan.com

Tara Krieg – Senior Loan Officer at AmeriFirst Financial

Licensed to provide mortgages and loan programs for homeowners and buyers within Arizona, she has over 12 years’ experience in all aspects of real estate finance, real estate investing, mortgage planning, and business planning. Her specialties include loan origination, credit education, mortgage related financial consulting and planning, and personal coaching of Junior Loan Officers.

Phone: 480-344-1951
Email: tkrieg@amerifirst.us
Website: www.tkteam.us

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Listen 📻 to the full show anywhere you stream podcasts!