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Updated over 7 years ago on . Most recent reply

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Logan Larochelle
  • Apopka, FL
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Grant cardone episode 250 1031 exchange?

Logan Larochelle
  • Apopka, FL
Posted
I’m looking to do a 1031 exchange in Florida.. On episode 250 Brandon was talking about a 1031 exchange and how you have 45 after the sale to find/buy another property so you don’t get taxed. My question is Cardone said something about 6 months and to read in between the line.. what was he referring to about the 1031 exchange? He didn’t want to say it on the air but is there a way to get around the 45 days exchange period?

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

@Logan Larochelle , before you put your current property on the market, you NEED to talk to a 1031 Qualified  Intermediary. There are SO MANY RULES for a 1031 exchange, and if you miss even one, all the tax benefits fly out the window. 

Attention QI's. This is NOT the place to advertise your services. I will remove your posts if you do.

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