3 Things to Keep in Mind Before You Carry Out a 1031

⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/550250masterclass  In the world of real estate investing, 1031 exchanges are a popular way to delay paying capital gains tax and maximize profits. But there’s a reason many call it the death tax…  Once you opt for a 1031 exchange, the money invested can be locked away for a very long time.  That’s why today, I’m sharing 3 things you need to keep in mind before you carry out a 1031! If you want to protect your money and make responsible financial decisions, this episode is for you.  Tune in!  Key Takeaways:  00:00:00 Intro  00:00:34 Are you ready to kiss that cash goodbye forever? 00:01:19 What is your financial stability behind that cash?  00:02:44 There are always options out there  00:04:20 Potential pitfalls of mismanaged 1031 strategies  00:05:40 My final piece of advice Additional resources:  ➡️ Ready to start building STR wealth?  • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle • Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy • Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary • Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining ➡️ Learn more about starting an STR business: • Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299 • Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost • 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining  • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads • Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery ➡️ Grab some FREE resources: • [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking  • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma • [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide • [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts: https://buildstrwealth.com/7goldenrules • [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill’s Instagram: https://www.instagram.com/billfaeth73 • Brea’s Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices