Ep. 009 Steven Rosansky: 1031 Exchange and its Importance for Real Estate Investors | Podcasts

Today we talk about 1031 Exchanges with Steven Rosansky, attorney and Senior Director of Exchanges for Peak 1031 Exchange, Inc. A 1031 exchange is important to real estate investors as it allows capital gains taxes to be deferred when swapping one investment property for another.  Steven is considered one of the premier authorities in the 1031 exchange arena, and he walks us through the history of 1031, why it's so important in real estate investing, the pitfalls to avoid, and how to deal with a partnership where individuals want to go in separate directions.

Key Discussion Points

[00:17] Welcome and introduction by Eric Odum

[00:38] About our guest, Steven Rosansky

[01:49] How did you get into this line of work?

[02:25] Give us an overview of the history of 1031 and why it's important in real estate investing

[11:59] What are some things investors might do to disallow their 1031 exchange from happening?

[18:56] Help clear up the controversy over who can and cannot be a qualified intermediary

[26:02] What if multiple individuals have a partnership but end up wanting to go in separate directions?

[35:18] Discuss some of the legislative things that have come up to modify or eliminate the 1031

[38:46] How can folks get in contact with you?
 

Steven Rosansky, Esq.
Senior Director / Partner, Peak 1031 Exchange, Inc.
peakexchange.com

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Steven Rosansky is an attorney and Senior Director of Exchanges for Peak 1031 Exchange, Inc. Prior to joining Peak, Steven was the Division President for one the largest title and escrow operations in Southern California. Before that, Mr. Rosansky successfully managed the Southern and Central California region for one of the largest 1031 exchange Qualified Intermediaries in the entire country. Rosansky’s background includes a successful career as a litigation attorney before transitioning full time into the 1031 exchange industry.

Mr. Rosansky has over 20 years of experience and is one of the premier authorities in the 1031 arena. He has expertise in structuring some of the industry’s most complicated transactions. Mr. Rosansky is a frequent lecturer on §1031 tax deferred exchanges and is regularly asked to speak at various continuing education programs throughout the region for attorneys, accountants, real estate professionals, financial planners and real estate investors.

Mr. Rosansky attended Pepperdine University School of Law on a Dean’s Merit scholarship and was a member of their Law Review. He also has an undergraduate degree in accounting and worked for a large CPA firm prior to attending law school.

Steven can be reached at 949-836-7604 or emailed at steven@peakexchange.com.