Heather Sells NYC with Heather Cooper, Episode 12

In this episode of Heather Sells NYC, Heather M. Cooper speaks with Eric Brecher, an attorney with 25 years of experience and a qualified intermediary for 1031 exchanges for over 18 years, currently working for CDEC 1031 Exchange, a subsidiary of WinTrust Financial. With a detailed background in facilitating real estate transactions that allow investors to defer taxes through the strategic use of 1031 exchanges, Eric provides a wealth of knowledge on the topic.

Tune in to the episode to hear about:

* The role and importance of a qualified intermediary in 1031 exchanges, including the safekeeping of funds and ensuring compliance with critical deadlines

* The fundamental principles and statutory requirements of 1031 exchanges, highlighting the need for real property to be held for investment or used in trade or business, and the property acquired to be of like kind

* Common misconceptions about 1031 exchanges, such as the necessity to reinvest only the gain or to purchase a similar type of property as the one sold

* The critical timelines involved in 1031 exchanges, including the 45-day identification period and the 180-day completion window, as well as the flexibility to diversify geographically, by asset class, or by the number of properties

* Advanced strategies in 1031 exchanges, such as reverse exchanges, where the replacement property is acquired before the relinquished property is sold, and the nuances of navigating these transactions

This comprehensive discussion with Eric Brecher sheds light on the complexities and strategic advantages of 1031 exchanges for real estate investors, providing valuable insights for anyone looking to optimize their real estate investments in the context of tax deferral strategies.

Learn more about Eric Brecher:

* LinkedIn Profile: https://www.linkedin.com/in/ericbrecher/

* Call: 917-455-1551

* Email: eric​.brecher​@cdec1031​.com

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About Heather Sells NYC:

Helping people navigate through the intricacies of buying & selling real estate in New York City, to get the greatest value.

Watch more episodes of Heather sells NYC:

* Website: https://heathersellsnyc.com/

* Youtube: https://www.youtube.com/channel/UCdjeshhhXNKIp0nlNlcMpcw

Connect and learn more from your host, Heather Cooper:

* Website: https://heathersellsnyc.com/

* Youtube: https://www.youtube.com/channel/UCdjeshhhXNKIp0nlNlcMpcw

* LinkedIn: https://www.linkedin.com/in/heathermcooperre/

* LinkedIn Co Page: https://www.linkedin.com/company/96242095/admin/feed/posts/

* Facebook Business: https://www.facebook.com/heathersellsnyc

* Instagram: https://www.instagram.com/heathersellsnyc_/

* Twitter: https://twitter.com/heathersellsnyc