Real estate investing offers a significant advantage in terms of tax savings, and a popular method to achieve this is by utilizing the 1031 Exchange.

In this video, San Diego Realtor, Koby Blankson provides valuable information about 1031 Exchanges in this video, to assist you in understanding its concept and whether it can be beneficial for your real estate investment strategy.

Have you ever considered selling your investment property, but the thought of paying hefty taxes has caused you to hesitate?

I'm Koby Blankson with Whistle Realty Group, and there's a solution to that problem. It's called the 1031 Exchange. The 1031 is a tax deferred exchange that allows you to sell your investment property and then reinvest the proceeds into a similar property without paying capital gains taxes. But there are rules you must follow. You must identify a new property within 45 days of selling your old one, and you must close on it within 180 days.

So if you want to sell your investment property, consider a 1031 Exchange so you can defer those taxes and keep more money in your pocket. If you'd like to know more, talk to your tax professional. And if this video is beneficial, like comment, save, and share, or give me a call at 619-486-9308.