A 1031 exchange can defer a significant tax bill, but the opportunity comes with strict deadlines and little room to figure out your strategy after the sale.
In this episode, Aviva Sonenreich and James Bean break down how real estate investors can better plan a 1031 exchange, avoid common mistakes, and prepare for the critical identification and closing deadlines.
James explains why investors should start thinking about their replacement property before entering the identification period, how misinformation contributes to failed exchanges, and what investors should understand about the 45-day and 180-day timelines. They also discuss replacement property strategies, triple net lease investments, and how James helps exchange buyers identify potential properties when time is running short.
Key Topics Discussed
- How to plan a 1031 exchange before selling your investment property
- Understanding the 45-day identification and 180-day closing deadlines
- Why investors should begin searching for replacement properties early
- Common 1031 exchange myths and misconceptions
- How the 1031 exchange identification period works
- Finding replacement properties when an exchange deadline is approaching
- How relationships with brokers can expand access to potential replacement properties
- Using triple net lease properties as a potential 1031 exchange strategy
- The meaning of “like-kind” property in a 1031 exchange
- Why some investors misunderstand which properties can qualify for an exchange
- Evaluating lease term and tenant quality in net lease investments
- How investors can use 1031 exchanges as part of a longer-term real estate investment strategy
- Why real estate professionals should understand the basics of 1031 exchanges even if they are not tax professionals
About the Guest
James Bean is Vice President at SVN | Rich Investment Real Estate Partners and a commercial real estate broker specializing in 1031 exchanges and investment real estate. Known as 1031 Broker James, he helps investors and real estate professionals understand the rules, strategies, timelines, and planning considerations involved in successful 1031 exchanges. He is the founder of Best 1031 Online, an educational platform providing resources and guidance to help investors and real estate professionals better understand and navigate the 1031 exchange process. James is also a coach with the Massimo Group, where he helps commercial real estate professionals strengthen their brokerage businesses and advance their careers.
About the Host
Aviva Sonenreich is the Managing Broker and Owner of the Warehouse Hotline, a Denver commercial real estate brokerage specializing exclusively in industrial properties. She leads the firm’s brokerage operations, negotiates industrial sales and leasing transactions, advises clients on acquisition and disposition strategies, and oversees the company’s marketing and business development efforts. Through Commercial Real Estate Secrets, she interviews leading investors, brokers, developers, and industry experts to provide actionable insights on commercial real estate investing, brokerage, leasing, development, and market trends.
See How a Successful 1031 Exchange Works in Practice
Learn how we helped execute a 1031 exchange in Colorado, from the transaction strategy to identifying the right replacement properties. Read the case study.
