257 - 1031 Exchange Goes Wrong with Kay Hightower

Explicit content warning

05/27/21 • 19 min

Crazy Sh*t In Real Estate with Leigh Brown

In this episode, Kay shares a story about someone getting blown up behind a pharmacy related to a 1031 exchange. Dial in to hear this crazy story and the lessons learned from it.

Key takeaways to listen for

Definition of 1031
1031 exchange story
Qualified intermediaries
Selecting an exchange intermediary

Resources mentioned in this episode

As I Lay Dying

About Kay Hightower

After purchasing a condo in 2006 for short-term rentals, Kay built a thriving business providing short-term rentals in Oxford, which she continues to operate. Nine years later, she joined her longtime friend’s real estate agency Grace Realty Group.

Throughout the years, she and her husband have bought and sold properties dozens of times.

And finally, in February 2020, she opened her own brokerage: Kay Hightower Real Estate, LLC.

Connect with Kay

Website: www.kayhightower.com
Phone: 662-801-6692
E-mail: [email protected]

Connect with Leigh

Please subscribe to this podcast in iTunes or in the Podcasts App on your phone, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram or on Twitter or any social networks by clicking here.

Subscribe to Leigh's other podcast Real Estate From The Rooftops!

Sponsor:

If you’re tired of doing real estate alone, enroll in Leigh Brown University and be sure to use your special “CSIRE” discount code at checkout for $10 off your subscription.

In this episode, Kay shares a story about someone getting blown up behind a pharmacy related to a 1031 exchange. Dial in to hear this crazy story and the lessons learned from it.

Key takeaways to listen for

Definition of 1031
1031 exchange story
Qualified intermediaries
Selecting an exchange intermediary

Resources mentioned in this episode

As I Lay Dying

About Kay Hightower

Throughout the years, she and her husband have bought and sold properties dozens of times.

And finally, in February 2020, she opened her own brokerage: Kay Hightower Real Estate, LLC.

Connect with Kay

Website: www.kayhightower.com
Phone: 662-801-6692
E-mail: [email protected]

Connect with Leigh

Subscribe to Leigh's other podcast Real Estate From The Rooftops!

Sponsor:

If you’re tired of doing real estate alone, enroll in Leigh Brown University and be sure to use your special “CSIRE” discount code at checkout for $10 off your subscription.

Previous Episode

256 - Investing Your Earned Income with Beth Azor

In this episode, Beth walks us through her journey to her first commercial retail investment and explains why it’s important to invest your earned income, rather than spending it. Join us today to learn about the conditions of the commercial retail market and be inspired to get started in the business.

Key takeaways to listen for

The need for capital
Investing your earned income
Bright spots of the commercial retail segment
Drive-through restaurants

About Beth Azor

Beth is the founder and principal of Azor Advisory Services, South Florida’s premier retail real estate management, development, and commercial real estate education firm. With a long history of buying, selling, leasing, developing, re-developing, and managing her own retail real estate projects, she has amassed nearly 30 years’ worth of personal case studies, testimonials, and ah-hah moments (good and bad) that she’s using in her commercial real estate courses where propels her clients into the limelight of success.

Connect with Beth

Website: www.bethazor.com
Linkedin: www.linkedin.com/bethazor
E-mail: [email protected]
Facebook: Beth Azor of Azor Advisory Services
YouTube: Beth Azor

Connect with Leigh

Subscribe to Leigh's other podcast Real Estate From The Rooftops!

Sponsor:

If you’re tired of doing real estate alone, enroll in Leigh Brown University and be sure to use your special “CSIRE” discount code at checkout for $10 off your subscription.

Next Episode

258 - The Value Of A Real Estate Agent with Jennifer McMurray

Today, Jennifer shares a hilarious story involving a key and the toilet of a vacant rental unit for students. Tune in and learn what agents are actually paid for.

Key takeaways to listen for

Tax laws for primary residences
Perspectives among buyers and agents
The value of agents you never knew
Agents who do the right thing

About Jennifer McMurray

A seasoned real estate investor, Jennifer started investing in house flips almost a decade ago with one goal: paying off student loans. In 5 years, Jennifer paid off the last of her $70,000 student loan debt thanks to house flipping! Jennifer is also an invaluable asset and contributing expert writer for Homes.com.

Jennifer has been featured on HGTV online, Huffington Post, Country Woman Magazine, & Citiscapes Magazine. She is a national Home Depot partner.

Jennifer is also the voice & writer behind the acclaimed blog, Bachelorette Pad Flip which offers DIY tutorials, real estate advice, and design ideas.

Connect with Jennifer

Website: www.mcmurrayrealtors.com
Instagram: @bachelorettepadflip

Connect with Leigh

Subscribe to Leigh's other podcast Real Estate From The Rooftops!

Sponsor:

If you’re tired of doing real estate alone, enroll in Leigh Brown University and be sure to use your special “CSIRE” discount code at checkout for $10 off your subscription.