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Tired of paying massive capital gains taxes when selling investment properties? The 1031 exchange might be your secret weapon for building lasting wealth through real estate investing.

Lonnie Nielsen, founder of 1031 Pros and a true expert in tax-deferred exchanges, breaks down exactly how this powerful wealth-building tool works. Whether you're a small investor with a single rental property or managing a multi-million dollar real estate portfolio, you'll discover how to leverage the 1031 exchange to keep your investment dollars working for you instead of surrendering them to taxes.

We explore what qualifies as "investment property" under Section 1031 (hint: it's broader than you might think), the critical timelines you must follow, and strategic approaches for different investor profiles. Lonnie shares fascinating insights about how investors use exchanges to move capital from overheated markets to emerging opportunities across the country, and how aging investors transition from hands-on landlording to passive income streams.

You'll learn about the potentially massive estate planning advantages that come from deferring gains throughout your lifetime, allowing your heirs to receive properties with a stepped-up basis that eliminates previously deferred taxes. We also cover common pitfalls that can invalidate exchanges and how working with knowledgeable professionals helps ensure a smooth process.

Whether you're looking to upgrade your investment properties, diversify your portfolio, or transition to more passive real estate investments, this episode provides the roadmap you need. Connect with Lonnie Nielsen at 1031 Pros to explore how this strategy might transform your real estate investment approach.