Financially Simple

In episode 214 of Financially Simple, Justin begins to look at how to go about selling a Real Estate investment. As you grow your Real Estate investment portfolio, you will want to sell off property to be able to invest in other real estate opportunities and minimize the taxes incurred in the process. Justin goes over the types of exchanges that are possible when selling real estate to buy new property, as well as the rules and disadvantages of the processes. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:59 - How to Minimise Taxes When Selling Real Estate 02:25 - Your Primary Residence 04:09 - 1031 Exchange 06:02 - Four Types of Exchanges 06:06 - Simultaneous Exchange 06:43 - Delayed Exchange 08:00 - Reverse Exchange 08:39 - Construction or Improvement Exchange 09:29 - The Seven Rules of a 1031 Exchange 15:44 - The Disadvantages 18:01 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Finan