Greg Lehrmann - The 1031 Exchange
Episode description
Greg has over 25 years experience in commercial and residential real estate law. He dedicates a significant portion of his time speaking to attorneys, CPAs, escrow officers, real estate agents/ brokers and investors on the many ways to improve investment returns through IRC Section 1031. His exchange presentations are practical and feature many real-life exchange scenarios to illustrate a wide range of investment and tax strategies.
On this episode, Greg breaks down the 1031 exchange as it pertains to selling land. He and Kasey present a scenario to walk through each step in the process of creating the best possible investment returns through Section 1031. Enjoy!
(0:36) - What is a 1031 Qualified Intermediary?
(2:42) - The 1031 Exchange
(5:53) - Market Capitalism
(6:48) - Scenario: What a 1031 Exchange is and what it does
(18:23) - applications to primary residences
(19:46) - The importance of timelines
(25:20) - Negative surprises on money you reinvest
(26:12) - Having a great broker team for Land Rich and Cash Poor folks
(29:26) - What point is the seller taxed on the gain from our scenario?
(32:48) - What landowners should know about the new administration’s tax plan
www.1031taxreform.com/takeaction
(35:08) - Conservation Easements
(40:18) - What does a qualified intermediary do?
(44:59) - Wrap up
(46:56) - Where to learn more about 1031 Exchanges and connect with Greg
Greg's Contact: (866) 266-1031
Land Broker Insider is produced by Straight Up Podcasts