Chris Camacho's Podcast
My name is Chris Camacho and I am a real estate agent and investor in Miami/South Florida. I have been full time in the Real Estate Industry for the past 14 years. Previously I owned a successful mortgage business in Miami for 10 years. I was fortunate to lead 25+ brokers. My mortgage background and experience has been a big part of my success in Real Estate. I am married and have 2 amazing girls and my family is paramount in my life. I consider myself to be someone on a journey of continued growth and learning. If I could help someone accelerate their learning curve or provide some insight that can help them realize their potential whether it is business or personally. The purpose of this podcast is to educate & inspire young entrepreneurs and business owners by discussing current topics related to Real Estate, Finance & Business.
Chris Camacho's Podcast
#2- Understanding the 1031 Exchange: How to Pay NO Capital Gain Taxes!
$0 in capital gain taxes!? Too good to be true? - Find out here!
Welcome back to The Chris Camacho Podcast! - Episode 2
In this video, we dive deep into the world of real estate investing and uncover the ULTIMATE real estate hack that allows you to pay no capital gains tax.
With the help of real estate tax specialist Diane, we break down the 1031 exchange and how it can be a game-changer for property sellers!
Key Takeaways:
- What are capital gains and how they impact property sellers
- The magic of the 1031 exchange and how it defers capital gains on real estate.
- Real-life 1031 exchange examples that demonstrate its power.
- The 1031 exchange timeline and crucial dates to remember.
- Tips on how to do a 1031 exchange and maximize its benefits.
- Why understanding capital gain explained is crucial for every real estate investor.
- Strategies to avoid capital gains and keep more of your profits.
- How to truly pay zero taxes when selling your property.
For those looking to delve deeper into real estate strategies, the 1031 exchange is a must-know. Whether you're a seasoned investor or just starting out, understanding how to leverage this can significantly affect your tax liabilities.