How the 1031 Exchange Helps You Save Money on Taxes

One of my favorite things about paying taxes is figuring out how to save on taxes. With that in mind, today’s topic is the 1031 exchange. If you’re a real estate investor, a 1031 exchange is a way you can defer capital gains taxes while you build wealth over time. Basically, it allows you to sell one asset and then roll the proceeds from that sale into another asset. To learn more about how it works, watch this short video.