The Major Hurdles and Benefits of 1031 Exchanges with Brandon Burns, Ep 108
Manage episode 435583873 series 3371550
Welcome to another value-packed episode of The Journey to Multifamily Millions podcast!
In this episode, we are joined by Brandon Burns, a seasoned real estate tax advisor and senior leader for a 1031 Exchange Qualified Intermediary (QI). Brandon has successfully guided over 4,000 1031 exchange transactions, helping investors defer taxes and maximize their real estate wealth.
Tune in as Brandon reveals the power of 1031 exchanges and how they can be a game-changer for real estate investors. From navigating the complexities of tax code sections to overcoming common hurdles,
Brandon offers actionable insights to help you leverage 1031 exchanges for exponential financial growth.
Episode Topics
[01:12] Meet our guest, Brandon Burns
[04:18] Tax Code Sections 1031 and 121
[06:40] Combining Tax Code Sections for Maximum Benefit
[10:36] Four Major Hurdles in 1031 Exchanges
[16:49] Delaware Statutory Trusts and Tenant in Common Structures
[33:07] Complex 1031 Exchange Types
[33:41] What is one red flag every investor should look out for?
[34:19] What is a myth about the real estate business?
[36:04] Connecting with Brandon
Notable Quotes
- "With good data, people can make good decisions. And with a lack of data, the decision might be random." - Brandon Burns
- "Real estate, you can win through appreciation, income, tax benefits, depreciation, and having a tenant pay down your loan." - Brandon Burns
- "It's all about solving problems that investors have and getting them top dollar and saving them on taxes." - Tim Little
- "If they haven't started touring and finding exactly what they want, they might find themselves in a position where they're like, oh crap, I need to get something right away." - Tim Little
- "Any market that's a little bit fragmented and has barriers to entry, that's where wealth is created." - Brandon Burns
👉Connect with Brandon Burns
- LinkedIn: Brandon Burns
- Website: https://www.vanguard1031exchange.com/
- Email: brandon@Vanguard1031x.com
- Telephone: 858 331 1031
👉 Connect with Tim
- Linkedin: Tim Little
- Instagram: @tim_at_zana
- Email: tim@zanainvestments.com
- Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
- Get your Passive Investor's Cheat Sheet FREE
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https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497
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