Episode 94: Exchanging Deep Facts About 1031 Exchanges with Greg Schowe

The Lessons in Real Estate Show

Welcome to the Greg Schowe!
Greg Schowe is an advanced real estate specialist with over 20 years of experience. His expertise is real estate transfer tax planning, specializing in the not-so-well-known tax code that is Section 1031. Greg combines his knowledge of real estate and tax laws to help individuals plan the most advantageous way to execute exchanged property dispositions under Section 1031 Exchanges in order to minimize taxes, reduce liabilities and plan for future investment success. He has coached over 5,000 real estate professionals all over the state of Missouri.

The best part about a 1031 exchange is that it is structured as a deferral of capital gains tax. This allows investors to receive the proceeds from their exchange, eventually deferring their taxes on any gains until the sale of their new property. That makes it one of the most powerful and valuable financial tools available to real estate investors. Greg Schowe will provide you with a vast overview of his knowledge base of 1031 exchanges and the various strategies he uses for his clients. Watch Greg get ‘show-y’ as he goes on a deep dive with us in this episode.

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In this episode, we explore:

• Greg’s prolific Navy career
• Commercial deals to 1031 exchanges
• Pursuing the lifestyle you want
• The 1031 Exchange is a process
• Oil, gas, minerals, easements, and DSTs
• Case study: Multifamily and capital gains tax
• Timeline process of 1031 Exchanges
• Delayed and reverse exchanges
• Qualified intermediary and fund security
• How 1031 Exchanges with syndications

Questions asked:

What is your number one failure in real estate?

- Sold all multifamily units 10 years ago

As AD investor, what advice do you have for other military investors to be successful?

- Just go for it. Knowledge is not doing, so if you're going to do it, do it.

What inspired you to serve your country?

- Felt like I had a calling thanks to generations of military family members

What is your dream?

- Creating a lifestyle where I don’t have to worry; help people get what they want, and you'll get everything that you've ever wanted.

Connecting with the Guest

Email: [e-mail]

Phone: [phone]

Linkedin: https://www.linkedin.com/in/greg-schowe-97b0a49/

#1031exchange
#taxcode
#realestate