Do You Ever Wonder What A 1031 Exchange Is? Meet 1031 Rob!

The 1031 Exchange - A Phenomenal Financial Planning Tool For Building Owners! And this discussion with Rob Pecha explains it all! Walking down the street in New York City, or in any city or town across America, there are commercial properties everywhere you look. When the owners of those buildings sell, is it the best financial decision to take the proceeds and pay the taxes due? Or is there another way to defer those taxes, while investing the sales proceeds in "like kind" properties? Of course everyone"s fiscal situation is different, but a 1031 Exchange presents the opportunity to continue to own property while benefitting from both the potential income it throws off and the potential for price appreciation. And, if held onto until the owner eventually passes on, there is a step-up for heirs to the current market price. If someone chooses to execute a 1031 Exchange, there are strict rules to be followed, or else a taxable event will occur. And in the process there is a need to use a fully vetted intermediary who will hold the sellers proceeds. There are also alternatives to the outright ownership of another building(s), and that is through a passive 1031 Exchange known as DST"s, or Delaware Statutory Trusts. This style of 1031 Exchange eliminates the 3 T"s of management - Tenants-Toilets-Trash! DST"s provide monthly income and the potential to participate in any appreciation. Here too, total vetting is critical because like in anything else, there are great operators and not-so-good ones. All of that said, meet Rob Pecha, known as the "1031 Exchange Quarterback", who knows the 1031 Exchange business inside and out, and is a trusted advisor to a great many people. Rob is able to take clients through the entire 1031 process with a modular and customizable portfolio of eligible properties. Offering “1031 solutions to 1031 problems”, Robert takes great pride in helping his clients make purposeful and confident investment decisions. Contact Rob: info@1031rob.com ‭(917) 833-5922‬ You can stream this episode and all of the others, on your favorite streaming platform here: https://areyouwondering.buzzsprout.co... Watch this and all of the Do You Ever Wonder episodes on YouTube here:    / @halthouse1  ____________________________________________ Are you interested in appearing as a guest on the Do You Ever Wonder podcast? Let us know at info@hallmarkabstractllc.com. The Do You Ever Wonder podcast is brought to you by New York title insurance provider Hallmark Abstract Service. and hosted by its CEO Mike Haltman. Reach out with the story you would like to tell at mhaltman@hallmarkabstractllc.com. Hallmark Abstract Service...You Buy, We Protect! Read the article "Are New York Title Insurance Providers All The Same?’ here, https://www.hallmarkabstractllc.com/?.... Questions? Reach out to Hallmark Abstract Service at (646) 741-6101 or send us an email at info@hallmarkabstractllc.com.