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If you want to be in real estate (or just want to save on taxes) and aren't already familiar with a 1031 exchange, it's time to get acquainted. In this video, Entrepreneur Network partner Mark J. Kohler explains how you can use a 1031 exchange to buy other properties with your earnings without having to pay taxes -- whether you're looking to upgrade from your current house to a bigger location or looking to turn one property into multiple.
Watch the video to learn more about the 1031 exchange and save money on your taxes.
Related: Should You Invest in a Self-Employed Pension?
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