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How To Do A Section 1031 Like Kind Exchange: Simultaneous, Delayed, Reverse, Construction
Top Real Estate Investors use Section 1031 instead of paying taxes on Capital Gains and Depreciation Recapture, and then they use IRS money to buy more property.
You can, too.
This book will show you how to:
* Keep all of your profits, tax-deferred.
* Use IRS money to buy more property.
* Do owner financing within a Section 1031.
* Buy & rehab without selling first.
* Buy multiple Replacement Properties.
* 6x your personal property depreciation.
* Close on an incomplete construction.
* Do a partially-tax-deferred Exchange.
* "Net" boot, debt, assumptions, and notes.
* Access your equity tax-free.
* Use Section 121 and Section 1031 together.
* Make a vacation home an investment.
* Report the Exchange on Form 8824.
* Refinance, die, eliminate deferred taxes.
This is a clear over-the-shoulder look at the steps in a Simultaneous, Delayed, Reverse, and Construction Exchange, with real-life Examples, and detailed results, explained with actual numbers.
You can, too.
This book will show you how to:
* Keep all of your profits, tax-deferred.
* Use IRS money to buy more property.
* Do owner financing within a Section 1031.
* Buy & rehab without selling first.
* Buy multiple Replacement Properties.
* 6x your personal property depreciation.
* Close on an incomplete construction.
* Do a partially-tax-deferred Exchange.
* "Net" boot, debt, assumptions, and notes.
* Access your equity tax-free.
* Use Section 121 and Section 1031 together.
* Make a vacation home an investment.
* Report the Exchange on Form 8824.
* Refinance, die, eliminate deferred taxes.
This is a clear over-the-shoulder look at the steps in a Simultaneous, Delayed, Reverse, and Construction Exchange, with real-life Examples, and detailed results, explained with actual numbers.
257 pages, Paperback
Published January 1, 2017
91 people are currently reading
31 people want to read
About the author
Michael Lantrip
10 books5 followersMichael Lantrip, Attorney at Law, is licensed to practice law in Texas, North Carolina, Virginia, and the District of Columbia.
He has a B.B.A. in Finance from the University of Houston, and a Juris Doctor (J.D.) in Law from the University of Texas School of Law.
He is admitted to practice in all Courts in Texas, North Carolina, Virginia, and the District of Columbia, as well as the U.S. Tax Court, U.S. Federal District Court, Eastern District of Texas, and the D.C. Court of Appeals.
He practices in the fields of Tax Law, Real Estate Law, Corporate and Business Law, and Wills, Trusts and Estates.
As a Criminal Defense Attorney, he took three cases to the Texas Court of Criminal Appeals, winning two of them.
As a County Attorney, he prosecuted almost a thousand misdemeanor criminal cases.
Formerly a Tax Examiner for the IRS, and a Tax Accountant for a Big 8 Accounting Firm, he has also been a Newspaper Reporter, Radio Announcer, Radio News Director, Television Reporter and Anchorman, Television Executive News Director, and Military Intelligence Analyst.
In addition to 35 years of practicing law, he built and operated his own Title Insurance Company, and has been an Approved Title Attorney for seven national Title Insurance Underwriters. He has handled over two thousand real estate closings.
Prior to his law career, he was a Radio Announcer at WQTE in Detroit during the "Motown" era, and he was a DJ at KIKK in Houston when it was named "Country Music Station of the Year" by Billboard Magazine.
He has written and produced over one thousand half-hour Television Newscasts.
He has written over seven hundred stories as a Newspaper Reporter.
He has logged over 8,000 hours on the radio.
He is a Lifetime Member of Mensa.
As a Real Estate Investor, his activities have ranged from travel trailers to office buildings, and from on-campus condos to hundreds of acres of raw land.
He has written and published two books: "How To Do A Section 1031 Like Kind Exchange," and "50 Real Estate Investing Calculations."
Both are available in print and digital on Amazon.
His Amazon Author Page is: Amazon.com/authors/michaellantrip.
His personal website is MichaelLantrip.com.
He has a B.B.A. in Finance from the University of Houston, and a Juris Doctor (J.D.) in Law from the University of Texas School of Law.
He is admitted to practice in all Courts in Texas, North Carolina, Virginia, and the District of Columbia, as well as the U.S. Tax Court, U.S. Federal District Court, Eastern District of Texas, and the D.C. Court of Appeals.
He practices in the fields of Tax Law, Real Estate Law, Corporate and Business Law, and Wills, Trusts and Estates.
As a Criminal Defense Attorney, he took three cases to the Texas Court of Criminal Appeals, winning two of them.
As a County Attorney, he prosecuted almost a thousand misdemeanor criminal cases.
Formerly a Tax Examiner for the IRS, and a Tax Accountant for a Big 8 Accounting Firm, he has also been a Newspaper Reporter, Radio Announcer, Radio News Director, Television Reporter and Anchorman, Television Executive News Director, and Military Intelligence Analyst.
In addition to 35 years of practicing law, he built and operated his own Title Insurance Company, and has been an Approved Title Attorney for seven national Title Insurance Underwriters. He has handled over two thousand real estate closings.
Prior to his law career, he was a Radio Announcer at WQTE in Detroit during the "Motown" era, and he was a DJ at KIKK in Houston when it was named "Country Music Station of the Year" by Billboard Magazine.
He has written and produced over one thousand half-hour Television Newscasts.
He has written over seven hundred stories as a Newspaper Reporter.
He has logged over 8,000 hours on the radio.
He is a Lifetime Member of Mensa.
As a Real Estate Investor, his activities have ranged from travel trailers to office buildings, and from on-campus condos to hundreds of acres of raw land.
He has written and published two books: "How To Do A Section 1031 Like Kind Exchange," and "50 Real Estate Investing Calculations."
Both are available in print and digital on Amazon.
His Amazon Author Page is: Amazon.com/authors/michaellantrip.
His personal website is MichaelLantrip.com.
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Displaying 1 - 3 of 3 reviews
August 13, 2021
I had my reservations when I first began looking through this book. I was worried that it would be confusing and frustrating. I am not particularly excited about anything related to taxes (unless it's getting a tax refund in the spring) but I was pleasantly surprised at how easy this book was to understand. It explained in quite simple terms some strategies a person could use when investing in properties and legally using money to reinvest in said properties that would otherwise have gone to the IRS.
December 29, 2023
I enjoyed this book as much as you can enjoy a book on taxes. It served its purpose as I learned a lot about 1031 exchanges and capital gains taxes in general. I feel ready to take on a 1031 transaction. The writer made the book in an easily digestible format with examples building upon each other.
October 18, 2019
Detailed but with clear explanations and examples. The most common, Delayed 1031 Exchange is covered well along with other forms of 1031 exchange.
Displaying 1 - 3 of 3 reviews