Vacation Rental Exit Strategies: The 1031 Exchange Explained

TC and I brought Thomas Castelli back for more tax talk. In this episode, we're getting into exit strategies. When the time comes to sell your property, you may want to think twice about how you go about it. The 1031 exchange could save you thousands in capital gains taxes but it requires a game plan. Find out the savviest way to exit your short term rental here. 
 
0:00 - Intro
6:42 - The mechanics of a 1031 exchange
20:57 - The mechanics of the 1031 lite
25:59 - Cost segregation
29:44 - When a 1031 exchange fails
37:50 - RecapConnect with Thomas
https://thomascastelli.com/
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Check out our How-to Videos: https://www.youtube.com/@strco....nsultantsCleaningBnB - CleaningBnB is committed to providing short-term vacation rental owners with an array of service offerings, allowing them to self-manage and increase profitability. By empowering self-management and avoiding the unnecessary expense of property management, CleaningBnB is here to help your business achieve long-term success and realize a higher return on investment.  We offer a variety of services, including turnover cleaning, to ensure guests have an amazing first impression.  Reach out today via cleaningbnb.com and let’s find the right the right solution for your investment.