If you’re keen to understand the 1031 exchange better, this episode will be a great in-depth discussion. Let our guest Scott Saunders help you and explain how it works in the real estate business and tips on making the most of it as a wealth-building tool. You could have the best investment strategy in this conversation so dive into this one!

Key Takeaways to Listen for

• What is the 1031 exchange and its advantages for investors
• Types of assets where you can utilize 1031 exchange
• 1031 exchange processes and timeline
• The amount of deferred taxes on a 1031 exchange
• How to keep deferring taxes on capital gains
• Mistakes to avoid when doing a 1031 exchange

Resources Mentioned in This Episode
Free Apartment Syndication Due Diligence Checklist for Passive Investor 

About Scott Saunders

Scott R. Saunders is Senior Vice President with Asset Preservation, Inc. (API), a subsidiary of Stewart Information Services Corporation (NYSE: STC). Scott has an extensive background in IRC §1031 tax deferred exchanges, having been involved in overseeing and structuring over 100,000 §1031 exchanges during his thirty-four (34) years in the exchange industry.  

He is a former President and Board Member of the Federation of Exchange Accommodators (www.1031.org), the national §1031 exchange industry trade organization, and holds a Business Economics degree from the University of California at Santa Barbara. Mr. Saunders dedicates a significant portion of his time presenting podcasts, webinars, and classes on intermediate and advanced §1031 exchange strategies to accountants, attorneys, financial advisors, real estate brokers, and real estate investor principals nationwide.  

He has spoken at the annual National Bar Association Conference, National Society of Accountants (NSA) Annual Conference, National Association of Realtors® Annual Conference, Annual Conference for the American Society of Cost Segregation Professionals, Building Owners and Management Association International (BOMA) Annual Conference, American Land Title Association (ALTA), Institute of Real Estate Management (IREM), Colorado Society of Certified Public Accountants Annual Convention, Colorado Association of Realtors Annual State Convention, Ohio Bar Association, the Certified Commercial Investment Member (CCIM) and Institute of Real Estate Management (IREM) Success Series, American Academy of Attorney-CPAs, Tenant-in-Common Association (TICA), the University of Denver, SVN/SFRHub State of the SFR Investment Industry and Washington D.C. Bar Association and many other states and local financial, real estate, accounting, and legal associations.  

In addition, he has been a regular presenter of 8-hour C.L.E. and C.P.E. approved classes on advanced §1031 exchange issues to accountants, attorneys, commercial developers, and CFOs arranged by Lorman Education and the National Business Institute. Scott regularly provides webinars for continuing education credit on §1031 exchanges for many organizations, including CPAAcademy.org, the CPA Leadership Institute, and myCPE.com. In addition to being an accredited speaker in numerous states, Mr. Saunders was a contributing author to the book Real Estate Exchanges: Using the Tax Deferred Exchange in Real Estate Investment Management and has been featured in The Wall Street Journal, CNBC, Forbes Real Estate Investor and U.S. News and World Report.  

He has written over 200 articles on various aspects of §1031 exchanges, capital gain taxation, and investment real estate. His articles have been featured in many investment publications such as the New York Real Estate Journal, Mid Atlantic Real Estate Journal, Inman News, REBusiness Online, Heartland Real Estate Business, Western Real Estate Business, REALTORS® Land Institute Terra Firma, ALTA’s Title News, HousingWire and many other real estate and other financial publications.