How to Set Up a Solo 401k and Make a Door Back Roth

Papa Joe wants to buy a business that is part business, part real estate. If you do a 1031 exchange and you follow the rules, then you can actually defer your gain from the property you sold into the new property. So, for instance, he bought a property for 100,000, it's worth now 3 million. Instead of paying the tax, he's going to roll all of that gain into this new property via 1031.

Play episode from 02:13

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app