42 min
Steven Rosansky: 1031 Exchange and its Importance for Real Estate Investors TCN Worldwide Market Minutes Podcast
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- Investing
Today we talk about 1031 Exchanges with Steven Rosansky, attorney and Senior Director of Exchanges for Peak 1031 Exchange, Inc. A 1031 exchange is important to real estate investors as, basically, it allows capital gains taxes to be deferred when swapping one investment property for another. Steven is considered one of the premiere authorities in the 1031 exchange arena, and he walks us through the history of 1031, why it's so important in real estate investing, the pitfalls to avoid, and how to deal with a partnership where individuals want to go in separate directions.
Key Discussion Points
[00:17] Welcome and introduction by Eric Odum
[00:38] About our guest, Steven Rosansky
[01:49] How did you get into this line of work?
[02:25] Give us an overview of the history of 1031 and why it's important in real estate investing
[11:59] What are some things investors might do to disallow their 1031 exchange from happening?
[18:56] Help clear up the controversy over who can and cannot be a qualified intermediary
[26:02] What if multiple individuals have a partnership but end up wanting to go in separate directions?
[35:18] Discuss some of the legislative things that have come up to modify or eliminate the 1031
[38:46] How can folks get in contact with you?
Today we talk about 1031 Exchanges with Steven Rosansky, attorney and Senior Director of Exchanges for Peak 1031 Exchange, Inc. A 1031 exchange is important to real estate investors as, basically, it allows capital gains taxes to be deferred when swapping one investment property for another. Steven is considered one of the premiere authorities in the 1031 exchange arena, and he walks us through the history of 1031, why it's so important in real estate investing, the pitfalls to avoid, and how to deal with a partnership where individuals want to go in separate directions.
Key Discussion Points
[00:17] Welcome and introduction by Eric Odum
[00:38] About our guest, Steven Rosansky
[01:49] How did you get into this line of work?
[02:25] Give us an overview of the history of 1031 and why it's important in real estate investing
[11:59] What are some things investors might do to disallow their 1031 exchange from happening?
[18:56] Help clear up the controversy over who can and cannot be a qualified intermediary
[26:02] What if multiple individuals have a partnership but end up wanting to go in separate directions?
[35:18] Discuss some of the legislative things that have come up to modify or eliminate the 1031
[38:46] How can folks get in contact with you?
42 min