Shane Corrigan is a graduate of Brigham Young University, holding a BS in Financial Services. He has 14 years of experience in the financial industry, specializing in financial planning and mortgages. Shane is knowledgeable about the entire real estate process and values building long-lasting relationships with his clients. In addition to his professional work, he coaches little league baseball and basketball and engages in entrepreneurship as hobbies. He is currently associated with a company likely named similarly to "1031 Pros LLC."
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Established in 1921, 1031 Exchanges have evolved through key legal cases and legislative changes, including the introduction of delayed exchanges, stricter timelines, and rules for holding exchange funds. Despite these changes, the core purpose remains to incentivize real estate investment and market growth.
A 1031 exchange can be an incredible tool for real estate investors to reduce their tax liability. We demystify the rules required to qualify and successfully complete a like-kind exchange.
Learn about the 1031 Exchange process, a tax-deferred exchange allowing real estate investors to defer capital gains taxes. Explore important timelines, key deadlines, benefits, drawbacks, the significance of careful planning, and how to successfully navigate this tax deferral strategy.
