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How To Do A Section 1031 Like Kind Exchange: Simultaneous, Delayed, Reverse, Construction Kindle Edition

4.4 4.4 out of 5 stars 180 ratings

Don't send 25% of your Profits to the IRS!
Top Real Estate Investors use Section 1031 instead of paying taxes on Capital Gains and Depreciation Recapture.

Then they use IRS money to buy more property.

With this book, you will learn how to:
  • Keep all of your profits, tax-deferred.
  • Use IRS money to buy more property.
  • Access your equity, tax-free.
  • Use Section 121 and Section 1031 together.
  • Do owner-financing inside a Section 1031.
˃˃˃ You will also learn how to:

* Buy and rehab without selling first,

* Buy multiple Replacement Properties,

* 6x your personal property depreciation,

* Close on an incomplete construction,

* Do a partially-tax-deferred Exchange,

* "Net" boot, debt, assumptions, and notes, and

* Make a vacation home an investment.

˃˃˃ And finally, you'll learn how to:

* Report the Exchange on Form 8824, and

* Refinance, die, and eliminate the deferred taxes.

This is a clear over-the-shoulder look at the steps in a Simultaneous, Delayed, Reverse, and Construction Exchange, with real-life Examples, and detailed results explained with actual numbers.

And free updates to all material in the book are available at S1031Exchange.com.

Scroll up and grab a copy today.

Editorial Reviews

From the Author

Don't pay those taxes!Defer them.Do a Section 1031 Exchange and you could turn, for example, $50,000 of what is essentially the IRS's money into $950,000 of investment real estate in just ten years.Be smart.Learn about Section 1031.

About the Author

Michael Lantrip, Attorney at Law, is licensed to practice law in Texas, North Carolina, Virginia, and the District of Columbia. He has a B.B.A. in Finance from the University of Houston School of Business, and he has a Juris Doctor (J.D.) in Law from the University of Texas School of Law. He is admitted to practice Law in all Courts in Texas, North Carolina, Virginia, and the District of Columbia, as well as the U.S. Tax Court, the U.S. Federal District Court, and the D.C. Court of Appeals. He is a member of the National Society of Accountants. Formerly a Tax Examiner for the IRS, and a Tax Accountant for a Big 8 Accounting Firm, he has also been a Military Intelligence Analyst, Newspaper Reporter, Radio Announcer, Radio News Director, Television Reporter and Anchorman, and Television Executive News Producer. He has written and produced more than 1,000 half-hour Television Newscasts. He has written over 700 stories as a Newspaper Reporter. He has logged over 8,000 hours on the radio. He is a Lifetime Member of Mensa. He was named a Top Writer by Quora.com, where his Answers have been viewed more than 1,930,000 times. He has written and published 9 books: 1.) "How To Do A Section 1031 Like Kind Exchange" 2.) "OMNIBUS EDITION How To Do A Section 1031 Like Kind Exchange: Real Estate, NNN, DST, and T-I-C" 3.) "50 Real Estate Investing Calculations" 4.) "Tax Cuts And Jobs Act For Real Estate Investors" 5.) "Your Best Business Entity For Real Estate Investing" 6.) "10 Other Real Estate Investments You Could Do" 7.) "Real Estate Investing Vocabulary of Terms" 8.) "Section 121 Real Estate Investing System" 9.) "Do This, Not That" All are available in print and digital on Amazon. His Amazon Author Page is: amazon.com/Michael-Lantrip/e/B01N2ZRGUY. His Quora page is: quora.com/profile/Michael-Lantrip-1. His personal website is MichaelLantrip.com.

Product details

  • ASIN ‏ : ‎ B01MY433L6
  • Publisher ‏ : ‎ Anderson Logan, LLC (January 1, 2017)
  • Publication date ‏ : ‎ January 1, 2017
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 1959 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 259 pages
  • Customer Reviews:
    4.4 4.4 out of 5 stars 180 ratings

About the author

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Michael Lantrip
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Michael Lantrip, Attorney at Law, is licensed to practice law in Texas, North Carolina, Virginia and the District of Columbia.

He has a B.B.A. in Finance from the University of Houston School of Business, and he has a Juris Doctor (J.D.) in Law from the University of Texas School of Law.

He is admitted to practice in all Courts in Texas, North Carolina, Virginia, and the District of Columbia, as well as the U.S. Tax Court, U.S. Federal District Court, Eastern District of Texas, and the D.C. Court of Appeals.

He practices in the fields of Tax Law, Real Estate Law, Corporate and Business Law, and Wills, Trusts and Estates.

He is a member of The National Society of Accountants.

Formerly a Tax Examiner for the IRS, and a Tax Accountant for a Big 8 Accounting Firm, he has also been a Newspaper Reporter, Radio Announcer, Radio News Director, Television Reporter and Anchorman, Television Executive News Producer, and Military Intelligence Analyst.

As an elected County Attorney, responsible for Criminal Misdemeanor Prosecution, he handled over 2,000 cases.

In addition to 40 years practicing law, he built built one of the first computerized Abstract Plants, and operated his own Title Insurance Company, becoming an Approved Title Attorney for 7 National Title Insurance Underwriters.

He has handled over 2,000 real estate closings.

Prior to his law career, he was a Radio Announcer at WQTE in Detroit during the "Motown" era, and he was a DJ at KIKK in Houston when it was named "Country Music Station of the Year" by Billboard Magazine.

He collects and refurbishes Vintage Audio Equipment.

He has written and produced more than 1,000 half-hour Television Newscasts.

He has written over 700 stories as a Newspaper Reporter.

He has logged over 8,000 hours on the radio.

He is a Lifetime Member of Mensa.

As a Real Estate Investor, his activities have ranged from travel trailers to office buildings, and from on-campus condos to rural land.

He was named a Top Writer by Quora.com where his Answers have been viewed more than 2,730,000 times.

He has written and published 10 books:

1.) "How To Do A Section 1031 Like Kind Exchange"

2.) "OMNIBUS EDITION How To Do A Section 1031 Like Kind Exchange"

3.) "50 Real Estate Investing Calculations"

4.) "Tax Cuts And Jobs Act For Real Estate Investors"

5.) "Your Best Business Entity For Real Estate Investing"

6.) "10 Other Real Estate Investments You Could Do"

7.) "Real Estate Investing Vocabulary of Terms"

8.) "Section 121 Real Estate Investing System"

9.) "Do This, Not That!"

10.) "33 Small Business Calculations"

All are available in print and digital on Amazon.

His Amazon Author Page is: Amazon.com/Michael-Lantrip/author/michaellantrip

His Quora Page is: quora.com/profile/Michael-Lantrip-1

His personal website is MichaelLantrip.com and his Blog Posts are at MichaelLantrip.com/blog.

Customer reviews

4.4 out of 5 stars
180 global ratings

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Customers say

Customers find the book provides a thorough explanation of the 1031 exchange process in an easy-to-understand manner. They describe it as an excellent primer with clear and articulate explanations that cover the basics. The writing style is well-written and easy to read. Customers find the book useful for providing an introduction to the 1031 transaction process and helping them choose an exchange facilitator.

AI-generated from the text of customer reviews

25 customers mention "Ease of understanding"25 positive0 negative

Customers find the book provides a thorough understanding of the 1031 exchange process. They appreciate the clear and articulate explanations, straightforward examples, and efficient way of explaining the process.

"...This author is interested in providing a tool that efficiently informs/educates and has nothing to prove. Competency is evident...." Read more

"...Gives several examples of fairly common scenarios that a typical investor will run into doing an exchange...." Read more

"Easy read, good info...." Read more

"Very good and detailed information. I am very happy with the book." Read more

13 customers mention "Readability"13 positive0 negative

Customers find the book easy to read. They say it's an excellent primer and one of the best guides.

"...Easy read. Easily searched. Great review, clarifying, learned some new things...." Read more

"...Overall, great book...." Read more

"Very good and detailed information. I am very happy with the book." Read more

"...n't done 1031 and want to grasp the concepts and rules, this is an excellent book...." Read more

12 customers mention "Writing style"12 positive0 negative

Customers find the writing style informative and easy to read.

"Highest hopes fully met with this book. Easy read. Easily searched. Great review, clarifying, learned some new things...." Read more

"Easy read, good info...." Read more

"...It's written very lightly and with large type, so it's a very fast and easy read...." Read more

"...The introduction alone establishes the Ethos of the writer and his writing style...." Read more

3 customers mention "Functionality"3 positive0 negative

Customers find the book useful. It does its job and helps ensure a satisfactory outcome.

"...the professionals you invite onto your team and help ensure a satisfactory outcome...." Read more

"The product arrived on time and in good condition. It works well and has a nice design. The seller was responsive and helpful when I had a question...." Read more

"Good read, does the job!" Read more

3 customers mention "Introduction"3 positive0 negative

Customers find the book provides a good introduction to 1031 like-kind exchanges. It uses examples to illustrate the process and helps them choose an exchange facilitator and ask the right questions.

"...This helped me to chose an exchange facilitator, and helped me to ask the right questions...." Read more

"This book is a good introduction to 1031 like kind exchanges. It uses examples to illustrate the process...." Read more

"I found this book to be a great primer on the 1031 transaction process. It's well written with great examples." Read more

Top reviews from the United States

  • Reviewed in the United States on September 9, 2023
    Highest hopes fully met with this book. Easy read. Easily searched. Great review, clarifying, learned some new things. Spent less than an hour with this book extracting specific content relevant to my tax effort. Few post-its now tab places for reference. This one stays in the office. Generous with extra content relative to the real estate investor or any home owner interested or open to the wealth building utility of real estate. Author has no ego and is simply interested in educating. One section I read included certain details that were also on the immediately preceeding page but allowed the section to be read with understanding if you had not just read the previous page. This was not onerous but very helpful. Most authors would tell themselves that the reader should have read the prior page if he wants to understand a concept. This author is interested in providing a tool that efficiently informs/educates and has nothing to prove. Competency is evident. I'm too busy to write reviews. Yes, I said it. ...but I took time to write this one.
    3 people found this helpful
    Report
  • Reviewed in the United States on December 30, 2018
    I have done a few 1031 exchanges over the last couple of decades, and may be doing an extremely complicated one in the next year or so - so decided to buy this book. First, a review of the overall content: It is very well laid out, builds from one chapter to the next in order for people unfamiliar with 1031 exchanges not to be overwhelmed. Gives several examples of fairly common scenarios that a typical investor will run into doing an exchange. The book did help me with some aspects of my potential upcoming exchange, but fell short - probably because mine is so complicated. The point being, if you have a typical exchange you should buy this book ASAP and save money. If you have something that is off the deep end complicated, it is helpful, but won't answer all the questions. There were a few things that I thought could have been added, or made clearer: 1) The 2009 change to IRC 121 - buying an investment property then later making it your primary residence, there are tax consequences there. 2) That you can mitigate RE long term capital gains via tax harvesting common stock capital gain losses. 3) A new scenario should be added with the advent of the 'sharing economy' where people are renting out part of their home via AirB&B, or VRBO. This will become a more common issue that will need to be addressed in the future. This is somewhat addressed under the mixed use scenario, but not sure everybody would understand that.

    Overall, great book. Could use a couple of tweaks/additions, and the author does update it on a regular basis so these updates may already be in the works.
    15 people found this helpful
    Report
  • Reviewed in the United States on February 3, 2024
    Easy read, good info. Early on the book promised discussion on 1031 between sole proprietor llc and private parties but did not deliver, otherwise recommended. Good examples.
  • Reviewed in the United States on December 9, 2024
    Very good and detailed information. I am very happy with the book.
  • Reviewed in the United States on March 21, 2019
    Like all real estate things, you have to do it to know it, but for someone who hasn't done 1031 and want to grasp the concepts and rules, this is an excellent book. It's written very lightly and with large type, so it's a very fast and easy read. It is still nonetheless a financial book, so best is to read slowly and learn it. Bottom line: you can't lose buying this book.
    5 people found this helpful
    Report
  • Reviewed in the United States on March 28, 2020
    As a professional in this world, I have never read such a clear and articulate explanation of the Section 1031 process.
    I ordered four books on this subject area and this one was clearly the best in my opinion. For these books to be useful they must be up to date, not all printed resources are. One Loophole book was over 15 years old and never updated to my knowledge for the latest revisions to the tax code. In fact the pages were yellowing from old age, but being sold as if it was new and up to date. I promptly returned the book.
    This book has been updated to 2020 interpretations of the most recent IRS rulings and court proceedings. Factual, no nonsense, no ambiguous waffling. Clear explanation of potential pitfalls and warnings of the scammers out there taking advantage of the less well informed. Absolutely a must buy if you are even contemplating and wondering if this tax/investment strategy is worth considering. The introduction alone establishes the Ethos of the writer and his writing style. His experience and knowledge illustrates clearly he has sat on every side of the table. From being a Tax examiner for the IRS, Lawyer, former owner of a title company, approved Title Attorney for several national Title Insurance Underwriters, the list goes on. The bottom line is I do not believe there is a better resource published to guide you through the 1031 process. Finally the book makes its clear you should never attempt such a transaction without the proper experienced professionals on your team.
    The book will allow you to evaluate effectively the professionals you invite onto your team and help ensure a satisfactory outcome. One that does not draw attention from the IRS because you have followed the rules and stand clearly on the side of prudent caution in your execution of the transaction. Well done Michael Lantrip
    22 people found this helpful
    Report
  • Reviewed in the United States on March 19, 2018
    More "conversational" delivery of subject details. Does cover a lot of situations based on examples and is thorough. Definitely a different style than I used to hence the 3-star rating
    2 people found this helpful
    Report
  • Reviewed in the United States on February 18, 2024
    The product arrived on time and in good condition. It works well and has a nice design. The seller was responsive and helpful when I had a question. I would recommend this product and this seller to anyone.

Top reviews from other countries

  • Mary Wilhelm
    1.0 out of 5 stars Sorry. It is too basic.
    Reviewed in Germany on January 3, 2021
    Lots of words, little content.

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