Welcome to Episode 67 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This week’s episode is a continuation of Craig’s interview on 1031 exchanges. Craig discusses ways you can defer, and hopefully avoid, taxes (the legal way!) on buying and selling real estate. Be sure to listen to last week’s episode, if you haven’t already!
Key Takeaways:
[1:20] How do you insure a home under a 1031 exchange?
[3:30] 1031 exchanges are regulated on both a federal and state level.
[3:50] How can mobile home park owners best do their due diligence when looking into a company that handles 1031 exchanges?
[7:30] Will President Trump get rid of 1031s?
[9:50] What should folks do if they’re worried they won’t make the 1031 timeline?
[16:30] Can you do a 1031 on real estate into a real estate fund? How does that work?
[20:35] Have your CPA onboard when you’re considering doing a 1031 exchange. If not, you could get into some trouble with the IRS.
[21:35] Craig and his company also do something called a construction exchange and explains what that means to you.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to: deals@parkstreetpartners.net
Call Starker: 800-332-1031
Call Craig: 916-261-1031