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Real estate investors need to manage their portfolios well in order to maximize their benefits. This means identifying declining properties, reviewing the expenses, and comparing them with the returns for new properties. Investors must also find a way to identify the properties that are worth holding onto long-term and those that can be sold to generate profit. One of the investment tools to scale up your investments is the 1031 exchange. A 1031 exchange is a tax deferment program that allows an investor to sell certain properties without paying taxes on any profit at the time of sale and then reinvest those proceeds in other properties as long as they have invested the money into similar types. Join this conversation with Alex Olson and learn more about this investing tool.

Alex is a Senior Real Estate Broker for 1031 Exchange Buyers looking for Off Market Multifamily and NNN Investments. He helps clients identify and close real estate transactions in the Kansas City market, St Louis Market, and the states of Kansas and Missouri. If you are participating in a 1031 exchange or are ready to buy in the KC, STL, MO, or KS, Alex would love to speak to you. Similarly, you will enjoy learning about your real estate goals with your existing apartment buildings and how we can improve your financial position in your real estate investments.

During this episode, you will learn about:

[00:32] Episode intro and a quick bio of the guest; Alex Olson

[01:28] Alex\\u2019s backstory on how he got started in commercial real estate investing

[03:50] Real estate experiences that motivated him to focus on 1031 Exchange\\xa0

[06:46] Current real estate market sediments and what you need to know before investing

[10:53] Why 1031 exchange is less market dependent and its benefits

[12:56] Reasons why most people chose the 1031 exchange

[18:31] Understanding the rules of the game and how Alex helps investors navigate that

[21:42] Preparation criteria that Alex looks for before helping a client start the 1031 process\\xa0

[25:38] The two main requirements you have to meet to qualify for a 1031 exchange

[27:36] Rapid Fire Round

[34:38] How to reach out and connect with Alex\\xa0

Notable Quotes\\xa0

• Despite all the noise in the media about real estate, the changes don\\u2019t happen overnight. [06:55]
• The hardest part for people to understand is that as much as interest rates matter in investing, they don\\u2019t actually matter. What matters is whether the numbers, as a whole, make sense to you. [07:43]
• Prior preparation is the key to success in 1031 exchanges. The time gap is always short when you start the process. [21:15]
• In a 1031 exchange, there are certain requirements that you have to meet. One is that you should have a qualified intermediary. Two, the sale proceeds from the property should be stored in an escrow account that you do not have access to. [25:40]
• The best advice for anyone who wants to join the 1031 exchange is to use people that have done them successfully in the past. Also, be as proactive as you can in the front end so that you can have a lot of time in the back end to close that deal. [27:12]

Connect With Alex Olson

Company\\u2019s Website: https://xchangecre.com/

LinkedIn: https://www.linkedin.com/in/aolson/

*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.