1031 Exchange Explained USING TEQUILA – Tax Free Real Estate
Expand your knowledge of the investment options available to you through the 1031 Exchange with David Moore, Tom Moore, and Tina Colson-Jones of Equity Advantage.
This year we are proud to be Cocktail Sponsor for Portland’s Night of Excellence in Commercial Real Estate! To introduce ourselves we thought it would be fun to bring some Tequila to the table. Tune in as David and Tom Moore, brothers and Co-Founders walk Tina Colson-Jones through the possibilities of her Exchange.
Read the Full Transcript
David Moore: Good evening, everyone. This is Team Equity Advantage, and we are so proud to be the cocktail sponsor for the 2024 Night of Excellence. We deal with complicated stuff, and we wanted to put things, our business in a context this room can understand. So, we chose Tequila. Take it away, guys.
Tom Moore: Hey Tina. I see you’ve got a couple of nice properties here. One of them, well, not so nice, but we know you’ve got…
Tina Colson-Jones: I’m ready to trade.
Tom Moore: Where do you want to go?
Tina Colson-Jones: I’m ready to do an Exchange. Let’s do this, Tom. So, I want to trade these two. I can trade two for one, right? I’m going up and down. Good.
Tom Moore: You can. It is like kind you’re moving all your equity costs. Yep.
Tina Colson-Jones: Awesome.
Tom Moore: Good Exchange.
Tina Colson-Jones: Good Exchange. Okay. My next one has been a couple of years. I’m doing good on this one. I’m ready to go for the next level, but you know, this one is looking a little shy on the equity. Who’s my lenders in the house? I need some help, but I want to trade this for this. What do you think?
Tom Moore: Another good Exchange. Well done. Good Exchange.
Tina Colson-Jones: Oh, sweet. All right. I got my eye on the prize. This is the real goal right here. And again, everything’s been going great on this. I am ready. I want to make this trade, and I’m going to Exchange that property.
Tom Moore: That’s good.
Tina Colson-Jones: Am I good, guys? But…
David Moore: You want to do that?
Tina Colson-Jones: You know what? Because this Exchange works and that’s my goal, I think we need to celebrate, and it’s just too good not to pull some equity out. So, what do you say?
Tom Moore: I like it, I like it.
David Moore: Sounds good to me. You can do that?
Tom Moore: I can.
David Moore: We can do that. You’re going to have a little bit of due boot.
Tina Colson-Jones: Tom, that about hit you.
David Moore: Yeah.
Tina Colson-Jones: I love it. Cheers.
David Moore: Cheers, everyone.
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Whether looking for information on simple to complex 1031 issues, Cost Segregation, Life Insurance Contract Sales, DSTs or even Qualified Opportunity Zones you will find information on our channel.
David and Thomas Moore, the co-founders of Equity Advantage & IRA Advantage
Whether working through a 1031 Exchange with Equity Advantage, acquiring real estate with an IRA through IRA Advantage or listing investment property through our Post 1031 property listing site, we are here to help Investors get where they want to be. Call them today! 503-635-1031.
"WASHINGTON STATE LAW, RCW 19.310.040, REQUIRES AN Exchange FACILITATOR TO EITHER MAINTAIN A FIDELITY BOND IN AN AMOUNT OF NOT LESS THAN ONE MILLION DOLLARS THAT PROTECTS CLIENTS AGAINST LOSSES CAUSED BY CRIMINAL ACTS OF THE Exchange FACILITATOR, OR HOLD ALL CLIENT FUNDS IN A QUALIFIED ESCROW ACCOUNT OR QUALIFIED TRUST." RCW 19.310.040(1)(b) (as amended)
David and Thomas Moore, the co-founders of Equity Advantage & IRA Advantage
