Thinking about selling an investment property but worried about hefty taxes? In this episode of Commercially Speaking, Bo and Timmy Barron are joined by 1031 Exchange expert James Bean to demystify one of the most powerful tools in commercial real estate.

James breaks down the essentials of 1031 tax-deferred exchanges, how they work, and why they’re a game-changer for real estate investors looking to defer taxes and grow their wealth. From key rules to common myths, this episode is packed with insights to help you make smarter investment decisions.

Key Takeaways:

• The 5 essential rules of a successful 1031 Exchange
• How to identify properties within the 45-day timeline
• The difference between like-kind exchanges and other strategies
• Creative ways to build multi-generational wealth using 1031s

🎧 Don’t miss this deep dive into a cornerstone of real estate investing! Listen now on Spotify, Apple Podcasts, or YouTube.

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Resources Mentioned in the Episode:

• Jame’s YouTube Channel: Best 1031 Online
• Jame’s website: https://www.best1031online.com
• Jame’s Phone (805)-779-1031
• RSVP to our LIVE Ai Episode with Michael Hironimus via youtube: https://www.youtube.com/live/D7_SSfIRCn8
• The link to call in during the LIVE Ai Episode: https://riverside.fm/studio/timmy-barrons-studio?t=760b365c65f49c6b8ba8

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Superpowers: GET YOUR EA TODAY: www.superpowershq.com/commerciallyspeaking

The Massimo Group: SIGNIFICANTLY AND CONSISTENTLY HIGHER COMMISSIONS ARE WITHIN YOUR REACH: www.Massimo-Group.com

Site To Do Business: BUILT TO DELIVER COMMERCIAL REAL ESTATE INSIGHT: https://www.stdb.com/

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⏰ Time Code ⏰

00:00:00 – Start
00:04:36 – Welcome!
00:13:35 – Becoming an expert in 1031 Tax Deferred Exchanges?
00:15:23 – The Net Lease World
00:19:11 – 1031 Information Gap
00:21:18 – 1031 101
00:22:44 – The 3 Identification Rules
00:27:41 – 5 Main Rules of the 1031
00:28:28 – 1. Equal To or Greater Than
00:29:32 – 2. You must use a QI (Accommodator)
00:34:27 – 3. Like Kind
00:37:21 – 4. 45 Days to Identify
00:38:34 – 5. 180 Days To Close
00:40:01 – Here’s How Powerful a 1031 is! (Let’s Do The Math)
00:44:04 – Multigenerational Wealth with a 1031
00:54:09 – For The Brokers Listening
00:57:25 – Do it Right Or Pay The Price
00:59:37 – Timmy’s Duke Joke
01:01:52 – 1031 Fails
01:04:49 – Identifying A Property
01:06:37 – Replacing Debt
01:10:28 – 1031 and Tax Season
01:12:43 – Never Assume Your Broker, Attorney or CPA Understands 1031
01:17:06 – How To Connect With 1031 Broker James
01:18:47 – Pop Quiz
01:25:59 – 1031 Broker James presents Bo-isms
01:27:28 – Listener Shoutouts

📒Show Notes📒

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📲 Connect with us:

Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking 

Follow us on Twitter: @comspeakpod & @bobarronccim 

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Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets.

For all CRE inquiries, visit https://www.barroncommercial.com

Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron