Mastering the 1031 Exchange

Mar 21, 2022

1031 Exchanges can be stressful. Deadlines, how it works, new markets, and many other factors make 1031 Like Kind Exchanges (also called the Starker Exchange) confusing. 

Many investors want more cash flow, want a safe investment but don’t have the resources or direct knowledge to start or complete an exchange. Alex is a multifamily agent in Kansas and Missouri that ACTUALLY works with buyers. He has built a system around helping buyers succeed. Learn how cities of Kansas and Missouri have become such a great market to invest in, how you can establish boots on the ground, and complete a simplified approach to ensuring your exchange entails as little stress as possible. Hear what questions you should ask, how to keep the conversation going, and how to build a long lasting relationship in a cash flowing market.

As a commercial real estate investor himself, Alex understands the frustrations of not being able to locate off-market deals, not finding deals that have cash flow, and running into dead ends. Once you have an agent, learn how to build out your team, identify the core components of getting a transaction done, and get your deal across the finish line. Having helped clients complete over $50mm in sales through 35+ transactions, Alex is an expert in helping 1031 Exchange clients. Alex and his Colleague Logan Freeman are taking real estate brokerage to the next level. They have developed a proven system for helping 1031 exchange clients identify cash flowing deals, develop a trusted team, and ensure that your 1031 exchange money is secure.

Thank you for tuning again for today’s show! Let’s get into it.

[00:01 – 14:30] Opening Segment

• How Alex got to where he is today
• • The desire for more control found in Real Estate 
  • Losing his job was a blessing in disguise
• What is 1031 Exchange?
• • The rules that exist with 1031 exchange
  • What properties can you buy 
  • Transferring from single family to commercial deals
• What to do when things go downhill

[14:31 – 22:07] A Deep dive into the 1031 Exchange

• What is a qualified intermediary?
• • Location doesn’t matter
  • A trustworthy person is needed
• What Alex does to help his clients
• How Alex gets deal flow of sellers and buyers

[22:08 – 27:34]  A market in your backyard

• How Alex follows up with those whom he calls
• • The applications and the strategy
• Kansas City market 
• • What Alex likes about it
  • What’s currently happening in Kansas?

[27:35 – 30:11] Closing Segment

• Alex’s book: Wake Up, Work Hard
• Final words
• Connect with Alex:

 

Checkout his website, https://xchangecre.com/ and follow and subscribe to his socials: LinkedIn and Bigger Pockets

Shoot him an email at [e-mail]

 

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I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

 

Tweetable Quotes:

“Identify 3 properties early on in your identification period in your 45-day window, and we say that for a couple of reasons. One is: what if you get hit by a bus tomorrow and you’re in the hospital for 60 days?” - Alex A. Olson

 

“The qualified intermediary that I like for our clients is located in California because again, it’s agnostic. It doesn’t matter where you’re located.” - Alex A. Olson

 

“It’s a long process of relationship building.. Real Estate is a relationship business, and how you cultivate those relationships is going to determine your success. I’m talking about a long term success here in the Real Estate world.” - Alex A. Olson

 

“The first thing you ask yourself if you want to be an investor is: what market is in my backyard?” - Alex A. Olson