In this episode of The Jones Zone, Host Darryl Jones is joined by Mike Auerbach, 1031 Exchange Specialist. They explore what 1031 exchanges are, their benefits, rules, and regulations, as well as creative ways to utilize them. Mike and Darryl also discuss important considerations like working with a qualified intermediary, time limitations, loan stipulations, and more. Whether you’re an experienced real estate investor or new to the concept, this episode breaks down everything you need to know about harnessing the power of 1031s.

Episode Highlights:

● How to defer capital gains tax and utilize all equity from a property sale

● Strategies for identifying potential replacement properties within 45 days

● The necessity of using a qualified intermediary to facilitate the exchange

● Creative options like reverse exchanges and drop-and-swaps with partners

● Misconceptions about 1031 applicability and expiration rumors

Key Questions Asked:

1. What are the primary benefits of participating in a 1031 exchange?
2. What are the time constraints and critical deadlines in a 1031 exchange?
3. How does the loan amount on the sold and purchased property affect the exchange?
4. Can LLC partners go their separate ways and still qualify for an exchange?
5. What resources exist for successfully navigating a 1031?

Guest Information:

Mike Auerbach - 1031 Specialist

Website: https://www.1031specialists.com/

X: https://twitter.com/1031Specialists

Phone: (631) 438-1031

Email: mike@1031specialist.com

Contact Darryl:

Darryl & JJ Jones Real Estate

Email: darrylandjj@gmail.com

Phone: (714) 713-4663

In this episode of The Jones Zone, Host Darryl Jones is joined by Stephan Claus, Owner of Angelus Waterproofing & Restoration. He talks about his company, which does waterproofing, repair and coatings for commercial and residential buildings. He also discusses common cause of leaks, the importance of regular inspections and much more. Tune in for this fascinating and informative episode of the Jones Zone!

Episode Highlights:

• Common cause of leaks in buildings
• The importance of waterproofing
• Major projects that Stephan and his company have worked on

Key Questions Asked:

1. What are some common waterproofing issues you see in buildings?
2. What building components tend to fail and cause leaks?
3. What kind of technologies do you use to detect leaks?
4. How often should buildings be inspected and re-waterproofed?

Guest Information:

Stephan Claus - Owner @ Angelus Waterproofing & Restoration (Huntington Beach & San Diego, CA)

Phone: (562) 941-7676

Email: stephanc@angeluswp.com

Contact Darryl:

Darryl & JJ Jones Real Estate

Email: darrylandjj@gmail.com

Phone: (714) 713-4663

What exactly does an escrow company do during a real estate transaction? Escrow expert Lance Indes joins host Darryl Jones to provide an in-depth look. Lance explains the neutral third-party role escrow plays to facilitate deals and ensure all instructions are properly followed. He covers key topics ranging from earnest money deposits to wire transfer fraud prevention measures. Tune in as Darryl and Lance also discuss earthquake insurance challenges, title issues that can arise, and much more.

Episode Highlights:

• How escrow officers coordinate all the moving pieces and enforce contractual terms
• The importance of escrow's designation and independence for handling any deal type
• Extra verification steps taken to combat wire transfer fraud attempts
• Options when parties no longer agree such as terminating with forfeited deposits
• Typical escrow costs and fees based on purchase price tiers

Key Questions Asked:

1. What documents and funds do escrow companies handle during a deal?
2. What is the process if a buyer stops responding during escrow?
3. How does an escrow company help prevent wire transfer fraud?
4. What are common challenges that arise during the escrow process?
5. What factors should people consider when selecting an escrow company?

Contact Lance Indes:

Lance Indes - Prominent Escrow Services

Email: lance@prominentescrow.com

Phone: (714) 423-6882

Contact Darryl:

Darryl & JJ Jones Real Estate

Email: darrylandjj@gmail.com

Phone: (714) 713-4663