Biggest Frustration with 1031 Exchange with Gino Barbaro

[Brett P Swarts]

Brett Swarts:

Welcome to the Capital GainsTax Solutions podcast and special episode Expert CRE Secrets podcast. I'm your host, Brett Swarts. And we have a full interview coming up with Gino Barbaro, but we are simply focusing on one thing today and that's the biggest frustration with the 1031 exchange. So I'm curious Gino, what's the biggest frustration for yourself? Friends, family partners when it comes to the 1031 exchange?

Gino Barbaro:

It's a timeframe right? It's 45 days to identify six months to close the deal but more importantly, deals out they're hard to find right now. And I think someone has just said about a shotgun wedding, they don't always end too well. And you're out there rushing it, you're getting top dollar for your deal. But then all of a sudden everything else out there is trading for top dollar. So do I want to roll in, quote-unquote defer some of my savings on my taxes into a deal, and overpay for that deal? That's the frustration that we're that we see out there right now.

Brett Swarts:

Yeah, 100%, and sometimes our parents, you know, taught us to sell high and buy low. They didn't teach us to sell high and buy higher, 180 days later with more debt and a lower cap rate and less cash on cash return just to potentially lose and that's what happened for a lot of my clients, right? They had overpaid and 050607 and then they kind of knew the writing's on the wall but they felt trapped by this thing called the 1031 exchange. By the way, there's a solution now called the deferred sales trust you can now sell high, buy low, passive, or active in and out of real estate all tax-deferred. You can learn more about that at www.capitalgainstaxsolutions.com. That being said this full episode is gonna be jam-packed with ways to become more of a multifamily entrepreneur, building systems, mindset leadership, overcoming false beliefs. Gino just opens up in a way that is going to be super valuable, valuable for you and it was for me so check out the full episode is actually live right now on YouTube and it's going to drop soon on iTunes. Thanks so much, everybody and if you want to reach out to Gino Gino where can they find you?

Gino Barbaro:

Go to www.jakeandgino.com and you can even hit me up at [email protected] is my email address.

Brett Swarts:

Beautiful and if you want to learn more about the deferred sales trust and ways to escape feeling trapped by the cap capital gains tax and 1031 you can go to www.capitalgainstaxsolutions.com. Thanks, everybody. Bye.

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