#395: How She Turned $48K into $250K with the 1031 Exchange Strategy

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🎙️ Episode #395 – What if you could turn a single real estate deal into a 6-figure payday - tax-free? Investor Char Tovar did just that, using a powerful but often overlooked strategy. Hear how she pulled it off!

▶️ Next Episode: How Much Tax I Paid When I Sold a Rental Property link

 

📄 Show Notes: link

 

🎬 Timestamps:

• (0:00) - Starting as a Part-Time Investor
• (4:26) - Buying Long-Distance in Tennessee
• (10:00) - Decision to Sell the Tennessee Property
• (17:45) - What is a 1031 Exchange?
• (21:52) - Rules and Timeline for 1031 Exchange
• (25:59) - Finalizing Sale and Initiating 1031 Exchange
• (28:39) - Char's Washington property
• (35:54) - Future Plans and Growth Strategy
• (40:04) - Lessons Learned and Reverse 1031
• (44:03) - How much taxes I paid when I sold my rental property

 

🔗 Connect with Char: 

1. Instagram: link 

2. Facebook: link 

3. Website: link

4. Char's Prior Episode: link

 

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