1935 FBF: 1031 Tax Deferred Exchanges & Overrated Opportunity Zones with Dino Champagne
12/16/22 • 36 min
Today’s Flashback Friday is from episode 1119 published last January 30, 2019.
EMPOWERED INVESTOR LIVE is drawing closer! Get your tickets to this highly anticipated event happening on January 27 to 29 in Scottsdale, Arizona! Join a community of like-minded real estate investors from all over the country who are committed to helping their fellow entrepreneurs build their portfolio. Whether you are just starting your real estate investing journey or a seasoned pro, there is always something to gain when joining one of Jason's awesome events! So get your tickets NOW!
Today's show is all about helping you grow your real estate portfolio as tax free as possible. When you are ready to sell one property and purchase other ones with the proceeds there's no need to pay capital gains taxes at that time when you have a vehicle like a 1031 exchange. Join Jason Hartman and Dino Champagne, Los Angeles Division Manager & VP at Asset Preservation Incorporated, as they discuss the strategies, the complexities and the savings that 1031s can provide.
Key Takeaways:
5:41 How a 1031 Exchange works
8:28 Try and avoid a reverse exchange as best you can, because they can get real tricky and lendors aren't fans of them
10:25 The 45 and 180 day timeframe of a 1031 exchange
13:14 The 3 different ways you identify properties in a 1031 exchange
15:36 How much money can a 1031 exchange actually save you and your heirs? It's pretty astounding
20:55 1031 exchange accommodators aren't highly regulated, which has led to some scams over the years. What questions do you need to ask when you're searching for one?
24:56 Changes the new tax law has made on 1031 exchanges
27:27 Are Opportunity Zones overhyped?
33:00 With Opportunity Zone investing being so new, vetting the sponsor of the deal is more important than ever
Website:
www.APIExchange.com
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/
Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund
CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect
Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals
Special Offer from Ron LeGrand: https://JasonHartman.com/Ron
Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Today’s Flashback Friday is from episode 1119 published last January 30, 2019.
EMPOWERED INVESTOR LIVE is drawing closer! Get your tickets to this highly anticipated event happening on January 27 to 29 in Scottsdale, Arizona! Join a community of like-minded real estate investors from all over the country who are committed to helping their fellow entrepreneurs build their portfolio. Whether you are just starting your real estate investing journey or a seasoned pro, there is always something to gain when joining one of Jason's awesome events! So get your tickets NOW!
Today's show is all about helping you grow your real estate portfolio as tax free as possible. When you are ready to sell one property and purchase other ones with the proceeds there's no need to pay capital gains taxes at that time when you have a vehicle like a 1031 exchange. Join Jason Hartman and Dino Champagne, Los Angeles Division Manager & VP at Asset Preservation Incorporated, as they discuss the strategies, the complexities and the savings that 1031s can provide.
Key Takeaways:
5:41 How a 1031 Exchange works
8:28 Try and avoid a reverse exchange as best you can, because they can get real tricky and lendors aren't fans of them
10:25 The 45 and 180 day timeframe of a 1031 exchange
13:14 The 3 different ways you identify properties in a 1031 exchange
15:36 How much money can a 1031 exchange actually save you and your heirs? It's pretty astounding
20:55 1031 exchange accommodators aren't highly regulated, which has led to some scams over the years. What questions do you need to ask when you're searching for one?
24:56 Changes the new tax law has made on 1031 exchanges
27:27 Are Opportunity Zones overhyped?
33:00 With Opportunity Zone investing being so new, vetting the sponsor of the deal is more important than ever
Website:
www.APIExchange.com
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/
Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund
CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect
Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals
Special Offer from Ron LeGrand: https://JasonHartman.com/Ron
Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Previous Episode
1934: Status Of Inflation, Central Bank Digital Currency, Joe Brown, Heresy Financial
Is inflation here to stay? Is the government setting us up to 'gladly' receive regulations and restrictions when it comes the looming and inevitable Central Bank Digital Currency or CBDC? Listen in as Jason engages in one of his more 'heretical' conversations with Joe Brown of Heresy Financial as he gives you his truth about the coming CBDC and how there might be a light at the end of the proverbial tunnel. And very important, follow his recommendation: accumulate NON-DIGITAL assets especially real estate!
And don't forget to secure your ticket NOW to the Empowered Investor LIVE event happening on January 27 to 29 in beautiful Scottsdale, Arizona! Join a community of investors and third party vendors as well as Jason's team of specialists as they help you navigate, grow and succeed with the world's most profitable asset, income property!
Key Takeaways:
Jason's editorial
1:27 Get your tickets NOW to Empowered Investor LIVE and meet today's guest Joe Brown of Heresy Financial
2:05 Housing inventory; wait till next year so the seasonality won't affect us so much
4:01 Some good news on Inflation
Joe Brown interview
5:12 Joe, is inflation here to stay?
6:11 The contrarian mindset and easy money causing massive inflation
7:39 Deflation and the change in the broad money supply
9:51 When did inflation hit after the broad money supply change?
12:08 A massive shortage of the entry level home asset
14:05 We need to distinguish between assets and goods and services
16:28 The coming Central Bank Digital Currencies (CBDC)
19:22 A possible light at the end of the proverbial tunnel
21:51 When central planners adjust supply and demand
22:41 The "regulatory rollercoaster to tyranny"
23:18 Setting the stage for the CBDC
25:08 Why the CBDC is doomed to fail
27:24 Doing just enough for the people to be apathetic
29:03 Action steps in preparation for the looming digital currency issues
30:30 Investing in farm lands and the farmers of Weimar, Germany
Quotables:
"If there is ever a ONE WORLD CURRENCY, that is checkmate against the human race." - Jason Hartman
"People will be more than happy to accept the handcuffs because it looks like a handout." Joe Brown
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/
Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund
CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect
Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals
Special Offer from Ron LeGrand: https://JasonHartman.com/Ron
Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Next Episode
1936: John Perkins, Confessions of An Economic Hit Man, Increased Loan Limits Equal Increase Housing Prices
Today Jason has something old, and something new for you as he welcomes John Perkins, his favorite Economic Hit Man. John has helped U.S. intelligence agencies and multinational corporations cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business. From the U.S. military in Iraq to infrastructure development in Indonesia, from Peace Corps volunteers in Africa to jackals in Venezuela, Perkins exposes a conspiracy of corruption that has fueled instability and anti-Americanism around the globe, with consequences reflected in our daily headlines. Having raised the alarm, Perkins passionately addresses how Americans can work to create a more peaceful and stable world for future generations.
But before that, listen in as Jason explains why housing prices are going UP as he compares FHA loan limits versus GSE ones. Make sure to watch the video on his YouTube channel so you can see the CHARTS!
And tomorrow night, Tuesday December 20, catch a Live Q & A with the 3 Amigos- Ken McElroy, George Gammon and Jason! 4pm PT 7pm ET on Jason's YouTube channel!
Early bird rates are ending soon! Go to EmpoweredInvestor.com/LIVE today and join a group of people who are invested in your financial success! Learn how to leverage income property, the world's most favored asset class, to your advantage! Connect with other investors, third party vendors like lenders, 1031 exchange specialists (to name a few) and Jason's amazing team of specialists who are ready to help you succeed!
Key Takeaways:
Jason's editorial
1:26 Something old, something new
2:37 What will push housing prices... UP due to increase in FHA 'loan limits'
3:29 For example Atlanta, Georgia
4:00 This surprises me: Austin, Texas; kudos to the lobbyists?
5:24 Los Angeles! Buy a million dollar house with thirty grand!
7:06 Conventional loans- Atlanta and Los Angeles
8:14 A cyclical market like Phoenix FHA vs. GSE loan limits
9:12 Orlando, Florida; why this matters
10:05 Live Q & A with the 3 Amigos- Ken McElroy, George Gammon and Jason
10:52 The room diagram for the Empowered Investor LIVE! VIP tickets have sold out!
13:32 Meet some of our speakers
14:06 The Twitter Files with Matt Taibbi
John Perkins interview
17:55 Introducing John Perkins; creating a truly global empire primarily without the military
20:51 Destroying Jamaica and Honduras
24:30 Minimum wage argument and exploiting cheap labor
25:52 What is an Economic Hit Man; a brief background and work of John Perkins
29:10 Predatory capitalism a failed system; exploiting a country's natural resources and labor
31:54 A John Maynard Keynes response
34:43 The company needs to be a good corporate citizen in the community
36:46 Predatory government, invasion of privacy, very orwellian 1984
39:04 Fascist Corporatocracy; from religion to governments to corporations
41:54 Insight in Iran
47:27 The coming deregulation; serving the public interest
51:31 The regulation scam
53:48 Up to what degree; not having control over a market in any given area or community
56:44 Consumers must take more responsibility
Quotables:
"Less than 5% of us live in the US and we consume 25% of the world's resources" - John Perkins
"Lose money for a little while in order to monopolize a marketplace" - Jason Hartman
"In order for us to have homeland security in the United States, we have to recognize that the entire planet is our homeland." - John Perkins
"We have to recognize we are in a space station, with no space shuttle to rescue us; we've got to rescue ourselves." - John Perkins
Mentioned:
Hate Inc. by Matt Taibbi
Confessions of An Economic Hit Man by John Perkins
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/
Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/
Free Class: Easily get up to $250,000 in funding for real estate, business or anything e...
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