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S2 Ep 8: 1031 Exchange: The Legal Way to Avoid Real Estate Tax with Guest Scott Harper

Real Estate Mentor

Release Date: 01/18/2023

S3 Ep 8#: The Everyday Millionaire: Patrick Francey’s Lessons In Real Estate show art S3 Ep 8#: The Everyday Millionaire: Patrick Francey’s Lessons In Real Estate

Real Estate Mentor

📌Check out the Real Estate Investment Network (REIN) In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk engages with renowned entrepreneur and real estate icon, Patrick Francey. Patrick, the CEO of the Real Estate Investment Network and host of '' podcast, shares his journey from modest beginnings in Canada to becoming a leading figure in real estate and entrepreneurship. With over 40 years of experience, Patrick delves into his success mantra 'SIMPLE,' an acronym for Significantly Impact Many People's Lives Every day, and discusses his approach to making a lasting...

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In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk and guest Alex Turner, a loan officer at , explore the differences between FHA and conventional loans. They discuss key considerations for choosing the right loan type, including credit score requirements, debt to income ratios, appraisal differences, mortgage insurance, and more. The episode also highlights how FHA loans often offer better terms for those with lower credit scores or who are first-time homebuyers, while conventional loans may be more beneficial for those with higher credit scores due to lower...

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S3 Ep 5#: Exploring the Complexities of 1031 Exchanges in Real Estate with Scott Harper show art S3 Ep 5#: Exploring the Complexities of 1031 Exchanges in Real Estate with Scott Harper

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In this episode of the Real Estate Mentor Podcast, host Jonathan Klunk and guest Scott Harper, a real estate attorney from , delve deeper into the intricacies of They revisit the fundamental aspects of 1031 exchanges, addressing the process as a tax deferral mechanism for investment properties and not primarily a tax avoidance strategy. Jonathan and Scott explore more technical questions commonly raised by investors, such as combining funds from multiple properties for a single larger purchase, the impact of timelines on the exchange process, and the concept of 'boot' or taxable gains. ...

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Jonathan Klunk interviews Danaus Chang, the co-founder and president of , a technology company specialising in long-term and short-term rental property management. Danaus talks about growing up in an immigrant family that invested in real estate, his own initiations into property investment, and his goals influenced by the FIRE (Financially Independent Retire Early) movement. The conversation covers topics like the significance of setting clear investment goals, understanding passive income, and efficiently managing properties. Danaus demonstrates how Awning.com potentially serves as a...

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Jonathan Klunk speaks with guest Stephanie Gilezan, a partner at Capital Connect, a business brokerage, and an expert in restaurant franchises. They discuss the benefits of purchasing an existing restaurant franchise, such as instant equity, avoidance of complicated startup costs, and established brand credibility. They touch on the opportunities that lie within aging baby boomer-owned companies as potential establishments to acquire. The discussion further includes how banks approach financing for this kind of investment and the potential for owner financing options. The episode also...

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Host of the Real Estate Mentor podcast, Jonathan Klunk, speaks to his very own business coach, Jason Ballard, about time management and productivity within the real estate business. They discuss the importance of setting clear and attainable goals, understanding the value of one's time, prioritising tasks, and blocking out time for different activities. They also touch on how to balance a full-time job with a real estate side hustle, and the need for continuous learning and mentorship in the real estate field. Info: LinkedIn Profile: Official Website: Soar Higher on Youtube: (01:45) The...

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In this episode of the Real Estate Mentor podcast, host Jonathan Klunk converses with Cora Henderson, partner and attorney at Pitt & Frank, about the rising trend in office conversions.  We discuss the challenges and opportunities in the real estate sector, highlighting the impact of various factors such as COVID-19, generational wealth building, and the influence of technological advancements like AI on the future of real estate. The conversation also explores the potential of converting vacant office buildings into residential or multifamily units due to changing work and office...

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Estate planning has to be one of the most complex and foreign topics to most real estate investors. Yet, it is one of the most important as you spend your life generating passive income, building wealth, and taking advantage of tax strategy through 1099 exchanges and cost segregation. You can even have a will- but what happens to your empire once you die? Plus, add in the complications that could present for your heirs.  Jonathan recently met a state planning attorney, Sean Lohman, to discuss the situation with his parents and their property. Sean explained very complex topics, such as...

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S2 Ep 8: 1031 Exchange: The Legal Way to Avoid Real Estate Tax with Guest Scott Harper show art S2 Ep 8: 1031 Exchange: The Legal Way to Avoid Real Estate Tax with Guest Scott Harper

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What is the legal way to avoid paying real estate tax when you close out the sale of a property? Join Jonathan in this episode with special guest Scott Harper as he explains how you can avoid paying taxes until a later date with the 1031 exchange. Scott dives into the 1031 exchange at a high level and also brings some interesting color around the short-term rental and vacation rental specifically. If you are an avid short-term rental user and investor, this will be some really valuable information for you. Scott Harper is an attorney and closer with Bluegrass Land Title. Scott and his team...

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More Episodes

What is the legal way to avoid paying real estate tax when you close out the sale of a property? Join Jonathan in this episode with special guest Scott Harper as he explains how you can avoid paying taxes until a later date with the 1031 exchange. Scott dives into the 1031 exchange at a high level and also brings some interesting color around the short-term rental and vacation rental specifically. If you are an avid short-term rental user and investor, this will be some really valuable information for you.

Scott Harper is an attorney and closer with Bluegrass Land Title. Scott and his team work to get transactions done and close with confidence. 

Bluegrass Land Title is also a sponsor of the Selling Derby City Podcast. You can find them online and schedule services from their website at: Bluegrass Land Title.

 

Want to learn more about launching and scaling your realestate business through short term rentals? Send us a direct message on Instagram @top.louisville.agent, @thejustinreid, @selling.derby.city or send an email to [email protected].

 

Follow Jonathan and Justin on Facebook for a revolutionary approach to property positioning, digital marketing, and technology.

 

Subscribe on YouTube to watch Season 1 of the Selling Derby City podcast. Be sure to check out our blog to see everything we talk about in each episode and so much more.  

 

Become a short-term rental expert by clicking HERE for the STR Success Course.

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A very special thanks to our sponsors!

Bluegrass Land Title

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