1031 Exchange allows an investor to sell a property and roll up the proceeds of the sale into a larger property without paying the capital gains tax associated with the transaction. This is a popular vehicle for many real estate investors to grow their investment portfolios. It's a proven strategy that the wealthy class has been using for decades; it was designed for their benefit.
Here is an overview of the strategy. There are many videos out there about the details of the nuts and bolts.
The key is to understand that it is a vehicle that has been around for decades and utilized by an army of investors to create more wealth and expand their portfolios. You now have the opportunity to use it to expand your own property portfolio.
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